$1,300,000
14135 Palm Street Madeira Beach, FL 33708
For Sale MLS# TB8516347
Other
Details for 14135 Palm Street
MLS# TB8516347
Description for 14135 Palm Street, Madeira Beach, FL, 33708
Located in the heart of Madeira Beach 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 a projected CAP rate of approximately 7.5%, 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.
Listing Information
Property Type: Commercial Sale
Status: Active
Lot Size: 0.12 Acres
Square Feet: 2,908 sq ft
Year Built: 1947
Stories: 2 Story
Construction: Concrete,Stucco
Construction Display: New Construction
Subdivision: Gulf Shores 1st Add
Foundation: Slab
Number Of Units Total: 5
County: Pinellas
Construction Status: New Construction
Interior Features
Flooring: Epoxy
Additional Interior Features: Stone Counters
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Available,High Speed Internet Available,Municipal Utilities,Water Connected
Cooling: Ductless
Heating: Other
Exterior / Lot Features
Roof: Shingle
Lot View: Bay,Intercoastal,Water
Lot Dimensions: 50x100
Additional Exterior/Lot Features: Near Public Transit, City Lot, Flood Zone, Neighborhood
Driving Directions
Head toward 141st Ave. Turn right onto 142nd Ave. Turn right at the 1st cross street onto Palm St.
Financial Considerations
Gross Income: 132000
Tax/Property ID: 10-31-15-34326-006-0040
Tax Amount: 8109
Tax Year: 2025
A broker reciprocity listing courtesy: CENTURY 21 BEGGINS
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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 14135 Palm Street
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 14135 Palm Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
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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