12924 Gulf Boulevard #502 Madeira Beach, FL 33708
For Sale MLS# TB8473441
1 beds 1 baths 865 sq ft Condo
Details for 12924 Gulf Boulevard #502
MLS# TB8473441
Description for 12924 Gulf Boulevard #502, Madeira Beach, FL, 33708
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. Situated directly on the beach and just steps from John’s Pass Village & Boardwalk, you’ll enjoy unmatched walkability to waterfront restaurants, boutique shops, fishing charters, boat rentals, dolphin tours, and live entertainment. St. Pete, Clearwater Beach, and Tampa are all an easy drive away, keeping this condo in constant demand with visitors year-round. This is more than a condo—it’s a proven income-producing beachfront penthouse in one of Florida’s most beloved coastal destinations. Opportunities like this are rare. Schedule your private showing and experience it for yourself.
Listing Information
Property Type: Residential, Condominium
Status: Active
Bedrooms: 1
Bathrooms: 1
Lot Size: 0.92 Acres
Square Feet: 865 sq ft
Year Built: 1979
Stories: 1 Story
Construction: Concrete
Subdivision: Sandy Shores Condo
Foundation: Concrete Perimeter,Pillar/Post/Pier
County: Pinellas
Room Information
Main Floor
Bathroom 1: 5x8
Primary Bedroom: 14x16
Kitchen: 10x16
Dinette: 8x16
Living Room: 15x16
Bathrooms
Full Baths: 1
Additonal Room Information
Laundry: Common On Floor
Interior Features
Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
Flooring: Carpet,Ceramic Tile,Luxury Vinyl
Doors/Windows: Window Treatments
Additional Interior Features: Ceiling Fan(s), Walk-In Closet(s), Window Treatments, Built-in Features, Living/Dining Room, Solid Surface Counters, Stone Counters, Wood Cabinets, Kitchen/Family Room Combo
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Cooling: Central Air, Ceiling Fan(s)
Heating: Electric
Exterior / Lot Features
Roof: Membrane
Pool: Community
Lot View: Ocean,Water
Additional Exterior/Lot Features: Outdoor Grill, Balcony, Balcony
Waterfront Details
Water Front Features: Gulf Access, Beach Access, Ocean Access
Community Features
Community Features: Pool
HOA Dues Include: Trash, Water, Taxes, Sewer, Internet, Insurance, Maintenance Grounds, Pest Control, Reserve Fund, Common Areas, Pool(s), Maintenance Structure
Driving Directions
DIRECTLY ACROSS THE STREET FROM JOHNS PASS. From the Tom Stuart Causeway, turn South (left) onto Gulf Blvd. Travel approximately 1.5 mile. Sandy Shores is on the right (beach) side of the road directly across the street from John's Pass. Park in guest spots nearest Gulf Blvd.
Financial Considerations
Terms: Cash,Conventional,FHA,VA Loan
Tax/Property ID: 15-31-15-78644-000-5020
Tax Amount: 8514.8
Tax Year: 2024
A broker reciprocity listing courtesy: NEXTHOME GULF COAST
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 12924 Gulf Boulevard #502
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 12924 Gulf Boulevard #502
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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