Gulf Shores 1st Add Homes with Stucco Exterior Construction

Gulf Shores 1st Add Homes with Stucco Exterior Construction

Welcome to Gulf Shores 1st Add, a charming subdivision nestled in the picturesque city of Madeira Beach, Florida, within the vibrant Pinellas County. This delightful community is a hidden gem, offering residents a perfect blend of coastal living and suburban tranquility. With its close proximity to the stunning Gulf of Mexico, Gulf Shores 1st Add provides an idyllic setting for those seeking a serene lifestyle infused with the beauty of nature.

The homes in Gulf Shores 1st Add are characterized by their elegant stucco exterior construction, which not only enhances the visual appeal but also offers durability and low maintenance. These well-designed residences reflect the quintessential Floridian aesthetic, with soft, inviting colors and spacious layouts that beckon you to relax and unwind. Whether you're a first-time homebuyer, a growing family, or looking for a seasonal retreat, you’ll find a variety of home styles that cater to diverse tastes and needs.

Living in Gulf Shores 1st Add means embracing a lifestyle filled with sun-soaked days at the beach, leisurely strolls along the scenic shoreline, and vibrant community events. The area is also conveniently located near local shops, restaurants, and recreational activities, ensuring that everything you need is just a stone's throw away.

Discover the charm of Gulf Shores 1st Add, where your dream home awaits amidst the backdrop of Florida's breathtaking coastline. Experience the perfect balance of comfort, community, and coastal elegance in this enchanting Madeira Beach subdivision. Your new adventure begins here!

Newest Gulf Shores 1st Add Homes with Stucco Exterior Construction

$1,300,000
Gulf Shores 1st Add SubDv. 33708 Zip Code
Located in the heart of Madeira Beach, FL, just one block from the Gulf beaches, 14135 Palm Street presents a rare opportunity to acquire a fully updated 5-unit income-producing property in one of the most desirable beach communities along Florida's Gulf Coast. This solid block construction 5-plex consists of five well-designed 1-bedroom, 1-bathroom units with ample on-site parking, offering strong appeal to both long-term and seasonal tenants. What truly sets this property apart is its extensive hurricane-resilient construction and post-storm preparedness improvements. The building successfully withstood the major storms of 2024, demonstrating the quality and durability of the upgrades completed. Improvements include waterproof stucco interior wall systems, durable epoxy flooring throughout, elevated electrical connections, and water-resistant kitchen fixtures designed to minimize future storm vulnerability and maintenance concerns. In addition, the property features a newer roof, and all restoration and improvement work has been fully permitted and completed, providing added confidence for investors and lenders alike. The property offers flexible rental opportunities including annual rentals, seasonal leasing, workforce housing, or furnished beach rentals, creating multiple paths for maximizing income potential. With an attractive CAP rate, investors can benefit from both strong current cash flow and long-term appreciation in a highly supply-constrained beach market. Tenants will enjoy exceptional walkability and convenience. The property is located near Gulf Boulevard with easy access to the Pinellas Suncoast Transit Authority trolley and bus routes connecting residents to surrounding beach communities, downtown St. Petersburg, and area attractions. Nearby shopping, dining, and entertainment options include the popular John's Pass Village & Boardwalk, local restaurants, waterfront bars, grocery stores, marinas, and recreational activities including boating, fishing, and beach access. The location also provides convenient access to Treasure Island, Redington Beach, and the greater Tampa Bay area. This is an outstanding opportunity to own a proven storm-resilient multifamily asset in a premier coastal location with strong rental demand, attractive projected returns, and lasting tenant appeal.

14135 Palm Street, Madeira Beach

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