Active
12924 Gulf Blvd Unit 502, Madeira Beach, FL 33708
MLS TB8473441
$749,000
Est. $3,847/mo principal and interest at 6.65% with 20% down
1 bd · 1.0 ba · 865 sqft · Condominium
About this home
Wake up to the sound of waves, salty Gulf breezes, and uninterrupted blue horizons—this top-floor beachfront penthouse is where the Florida dream becomes reality. Welcome to 12924 Gulf Blvd #502, perched high above the sugar-sand shoreline in Madeira Beach at Sandy Shores Condominiums. Whether you’re searching for a personal coastal escape, a proven income producer, or a smart 1031 exchange opportunity, this residence delivers on every front. From the moment you step inside, your eyes are drawn to sweeping, unobstructed views of the Gulf. The open-concept living space is filled with natural light and framed by hurricane-impact windows, creating a bright, airy atmosphere that feels both relaxed and refined. The updated kitchen features custom wood cabinetry, quartz countertops, and stainless steel appliances, perfectly positioned for effortless entertaining or quiet evenings after a day at the beach. The one-bedroom, one-bath layout is thoughtfully designed and sold fully furnished, including linens, cookware, and décor—truly turnkey for immediate enjoyment by you or your guests. Step outside and take advantage of resort-style amenities including a heated beachfront pool, grilling area, tiki hut, and convenient bicycle storage—all just steps from the sand. This property shines not only as a lifestyle purchase, but as a high-performing investment. Zoned for short-term rentals with no restrictions on owner use, the unit generated $73,000 in rental income in 2024 (despite storm-related booking disruptions) and $71,000 in 2025, making it a standout opportunity in a highly desirable market. Peace of mind comes standard here. The building has completed all required structural integrity inspections and reserve studies, boasts fully funded reserves, and has undergone significant recent improvements including upgraded balconies, resurfaced pool and parking lot, and a backup generator—rare and valuable features for a beachfront condominium. Location elevates everything.
Key facts
- Type
- Condominium
- Size
- 865 sqft
- Bedrooms
- 1
- Bathrooms
- 1.0
- Avg. price per sqft
- $866
- County
- Pinellas
- MLS number
- TB8473441
- Status
- Active
- Property address
- 12924 Gulf Blvd Unit 502, Madeira Beach, FL 33708
Where is this home?
Common questions
How much is 12924 Gulf Blvd Unit 502, Madeira Beach, FL 33708 listed for?
12924 Gulf Blvd Unit 502, Madeira Beach, FL 33708 in Madeira Beach, FL is listed at $749,000 (about $3,847/mo principal and interest at 6.65% with 20% down).
How many bedrooms and bathrooms does 12924 Gulf Blvd Unit 502, Madeira Beach, FL 33708 have?
12924 Gulf Blvd Unit 502, Madeira Beach, FL 33708 has 1 bedrooms, 1.0 bathrooms, and 865 square feet.
Who can show 12924 Gulf Blvd Unit 502, Madeira Beach, FL 33708 in Madeira Beach?
Jonathan Loescher is a Tampa Bay Realtor and Loan Originator. He can tour this home, compare nearby listings, and work the financing with you.