$1,109,000
$1,099,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
1,800 SqFt
SOLD DATE : 07/12/2022
Key Details
Sold Price $1,109,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $616
Subdivision Madeira Del Mar Condo
MLS Listing ID U8161427
Bedrooms 3
Full Baths 3
Condo Fees $1,124
Year Built 2021
Annual Tax Amount $10,800
Lot Size 1.000 Acres
Property Sub-Type Condominium
Property Description
NEW TO MARKET!!!!…..NEW TO MARKET!!!!….. NEW TO MARKET!!!!….. “The Spectacular Big Kahuna Suite", Penthouse #3 @ Madeira Del Mar awaits
offering flexible beach luxury at its very finest! This luxury island residence is practically brand new(built in 2021) and incredibly uniquely you have the ability to LEGALLY RENT IT NIGHTLY OR WEEKLY or for any period of time while also enjoying it at your leisure. This is incredibly rare for the beach creating phenomenal rental income. The current owners will gross over $107,000.00 dollars this year while still keeping 25% of the year open for their personal use. And next fiscal year is projected to go over $125,000.00 in gross income with 25% of annual days saved for personal use. That's 92 days that could be rented instead of used. Owners prerogative. Your FULLY FURNISHED, (over $100,000 in interior design, upgrades and furnishings value) creates a beautifully appointed 3 bed 3 bath,1800 sq ft beach home that is completely turn key, items included are: All furnishings including kitchen accessories, upgraded mattresses and bedding, upgraded kitchen appliances, full size washer & dryer, remote control window blinds, 4k TV's in all bedrooms and a Gigantic 90” TV in the great room area with beach chairs and beach wagon trolley to make even easier your 2 minute walk to the pristine white powder sands & beautiful Gulf waters of Madeira Beach. Additional features are all ensuite bathrooms with a pocket door on the 3rd bathroom for convenience when entertaining, locking owners closet, safe for guests, a queen sofa bed in the living room, HUGE master bedroom and bath with rainfall shower, upgraded plank flooring perfect for the rigors of the beach and 2 dedicated parking spots close to the elevator. Come home and relax in your wide open living area, have a cocktail on the huge balcony or head down to the heated pool and simply relax.
Your residence in Madeira Del Mar is literally steps from the action, salty beach bars, fantastic restaurants, a multitude of crazy cool retail, miniature golf right across the street and of course a grocery store steps from the unit. You are also a mile away from historic Johns Pass & Boardwalk. Property manager is already in place should you choose that option or manage it yourself and pocket even more money.
The unit is cash flowing, based on current and past rentals, projections are to achieve over $107k gross revenue, year over year with continued growth expected next year. Please call agents to discuss showings as the unit is currently booked for most days through the end of June. Similar properties literally one block away are selling starting at 1.2 million unfurnished and two week minimum rental, so don't wait. Call today and become a Mad Beacher. Rated #2 in all of Florida 2021. Call today!!
Location
State FL
County Pinellas
Community Madeira Del Mar Condo
Rooms
Other Rooms Inside Utility
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Laundry Inside, Laundry Room
Exterior
Exterior Feature Balcony, Sliding Doors
Parking Features Assigned, Common, Covered, Ground Level, Guest, Off Street
Garage Spaces 2.0
Community Features Buyer Approval Required
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected
Amenities Available Elevator(s), Pool
View Y/N 1
View Water
Roof Type Shingle
Building
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Orange Grove Elementary-Pn
Middle Schools Seminole Middle-Pn
High Schools Seminole High-Pn
Others
Monthly Total Fees $1, 124
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with KELLER WILLIAMS ON THE WATER