12924 gulf boulevard, Unit 502, madeira beach, FL 33708

This listing is NOT a foreclosure. Wake up to the sound of waves, salty Gulf breezes, and uninterrupted blue horizons-this top-floor beachfont penthouse is where the Florida dream becomes reality.nnWelcome to 12924 Gulf Blvd #502, perched high above the sugar-sand shoreline in Madeira Beach at Sandy Shores Condominiums. Whether youre searching for a personal coastal escape, a proven income producer, or a smart 1031 exchange opportunity, this residence delivers on every front.nnFrom 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.nnThe one-bedroom, one-bath layout is thoughtfully designed and sold fully furnished, including linens, cookware, and decor-truly turnkey for immediate enjoyment by you or your guests. Step outside and take advantage of resort-style amenities includin...

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g a heated beachfront pool, grilling area, tiki hut, and convenient bicycle storage-all just steps from the sand.nnThis 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.nnPeace 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.nnLocation elevates everything. Situated directly on the beach and just steps from Johns Pass Village & Boardwalk, youll 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.nnThis is more than a condo-its a proven income-producing beachfront penthouse in one of Floridas most beloved coastal destinations. Opportunities like this are rare. Schedule your private showing and experience it for yourself.This MLS Resale home is a townhouse or condo located in MADEIRA BEACH. It offers 0.92 acres in size, 1 beds and 1 baths. Review its detailed information and determine if this MADEIRA BEACH MLS Resale has the qualities you are looking for.  

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This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.