Gulf Shores 1st Add Homes with Block Exterior Construction

Gulf Shores 1st Add Homes with Block Exterior Construction

Welcome to Gulf Shores 1st Add., a hidden gem nestled in the heart of Madeira Beach, Florida. This charming subdivision offers a perfect blend of coastal living and suburban tranquility, making it an ideal spot for families, retirees, and anyone seeking a serene beachside lifestyle.

Gulf Shores 1st Add. is strategically located in Pinellas County, just minutes away from the sparkling shores of the Gulf of Mexico. Residents here enjoy easy access to pristine beaches, lively local shops, and an array of dining options, from casual beachfront cafes to fine dining establishments. The vibrant atmosphere of Madeira Beach ensures there’s always something to do, whether you’re indulging in water sports, taking leisurely strolls along the boardwalk, or enjoying breathtaking sunsets.

The homes in Gulf Shores 1st Add. are characterized by their sturdy block exterior construction, offering durability and peace of mind to homeowners. These residences not only stand the test of time but also provide an inviting aesthetic that complements the coastal surroundings. With spacious layouts and modern amenities, many of these homes feature open-concept designs, perfect for entertaining guests or enjoying family gatherings.

Whether you’re looking for a permanent residence or a vacation retreat, Gulf Shores 1st Add. presents an excellent opportunity to embrace the Florida lifestyle. Experience the charm of this delightful community, where beach days and laid-back living await you. Come explore the possibilities of calling Gulf Shores 1st Add. your new home!

Newest Gulf Shores 1st Add Homes with Block Exterior Construction

$1,300,000
5 Beds 5 Baths 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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