12924 GULF BOULEVARD MADEIRA BEACH FL 33708

Overview of 12924 Gulf Blvd #502

Whether you're looking for a dream vacation retreat or a high-performing income property, this top-floor beachfront penthouse at sandy shores condominiums offers the best of both worlds. Zoned for short-term rentals with no restrictions on owner use, this unit generated $73,662 in rental income in 2024—despite reduced bookings after the storms. In the first half of this year (january through june) it produced $43,916. With projected roi exceeding 9% in 2025, this property is also an ideal 1031 exchange opportunity. The updated one-bedroom, one-bath unit is being sold fully furnished, including linens, cookware, and decor—ready for you or your guests to enjoy immediately. Inside, you’ll find an open-concept living area with sweeping gulf views, hurricane-impact windows, and a renovated kitchen featuring custom wood cabinetry, quartz countertops, and stainless steel appliances. Step outside and enjoy the heated beachfront pool, grilling area, tiki hut, and bicycle storage—all part of the sandy shores amenities. The building has completed all required structural integrity inspections and reserve studies. With fully funded reserves, and recent upgrades including the roof, balconies, resurfaced pool and parking lot, and a backup generator, this is truly a turnkey coastal investment. Located directly on the beach and just steps from john’s pass village & boardwalk, this condo offers unmatched walkability to restaurants, shops, fishing charters, boat rentals, and dolphin tours. It’s also a short drive to st. Pete, clearwater beach, and tampa, making it a top-tier location for visitors and owners alike. This is a rare chance to own a proven, income-producing beachfront condo in one of florida’s most popular coastal destinations. Schedule your showing today!

This lovely condo was built in 1979 and features 1 bedrooms, and 1 full bathrooms. This condo for sale is 865 square feet, with 865 sq ft being air conditioned living space. The condo does not have a private swimming pool, although there is a community pool in the complex for use by residents.

Directions to this property are as follows: 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.

Please contact your ZFC agent for more information about MLS# MFRTB8364902 or any other condos for sale in Madeira Beach or elsewhere in the Pinellas County area.