SOLID INVESTMENT OPPORTUNTIY IN MADEIRA BEACH JUST A MINUTE OR TWO FROM THE GULF OF MEXICO! Come see this four unit - 1 bedroom/1 bathroom - property which has been a historically strong income producing investment in central Madeira Beach just minutes from the soft sands of the Gulf of Mexico. It can be used for mid-term or long-term rentals. All four units are in great shape and been well maintained and/or thoroughly renovated and tastefully updated since 2017 with new doors, concrete pads, kitchens, appliances, sinks and faucets, cabinets, countertops and mini-split air conditioning units (6). The electrical panels were also updated since construction!!! The building is comprised of cement block with new insulation installed this year. The backyard is expansive with plenty of room for storage. Each unit has its own private backyard space with access from the back of the unit. This property is perfect for investors looking for the stability of longer-term tenants or one that may want to keep a unit for a weekend get-away since the property is just two minutes from the sandy white Gulf Beaches and close to nearby restaurants and bars. Please review all photos and online documents before scheduling appointments and allow at least 24 hours for showings as the property is currently tenant-occupied. (Please do not disturb the tenants. ) CALL FOR MORE INFORMATION & TO SCHEDULE YOUR SHOWING TODAY!!
Multi-familyProperty Type
1948Year Built
0.27 acresLot Size
$376Est. Price/Sq.Ft.
Listed by Dan Tumarkin• KELLER WILLIAMS REALTY PORTFOLIO COLLECTION
Bought with Richard Hehl• COASTAL PROPERTIES GROUP
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
4
Stories
1
Lot width
120 ft.
Lot depth
100 ft.
Lot size
0.27 Acres
Year renovated
1994
Sq. Ft.
1,992
Year built
1948
Style
Multi-Family (2-4 Unit)
County
Pinellas County
APN
153110344522310050
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 14, 2026.
R-1
Single-Family Residential District
The R-1, single-family residential district provides for single-family residential development located where lower density single-family uses are desirable. The R-1, single-family residential district correlates with the residential urban (RU) category of the Countywide Plan. The lots and dwellings are larger sized to provide for the desired density of use. Essential services and public facilities compatible with this residential district are also provided. Any use which is not specifically identified as a permitted use accessory use or special exception use is a prohibited use. Prohibited uses shall include but are not limited to short term rentals of a housing unit. As used in this division the term short term rental shall mean any rental of a dwelling unit, or portion thereof for less than a 6 month period.
Permitted uses
Include but are not limited to:
Housing-Single unit
Educational/school
Oct 9, 2020 • Final
Building combo
Perform commercial roofing work following fire damage and in accordance with municipal ordinances.
Fire sprinkler
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Sprinkler Recycled, Street Lights, Water Connected
Additional Water Information: 1 Block from Intracoastal Waterway; 9 Blocks from Gulf of Mexico
Location
Location Information
Directions: Take Gulf Blvd (Madeira Beach) to 140th Ave. East on 140th Ave to Margarite Dr. Left on Margarite Dr to Lynn Way. The house is at the corner of Margarite Dr & Lynn Way. Park on the street.
Public facts
Beds: —
Baths: 4.0
Sq. Ft.: 1,992
Stories: 1.0
Lot Size: 0.27 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1948
Year Renovated: 1994
County: Pinellas County
APN: 153110344522310050
Home facts updated by county records on Aug 14, 2026
Other
Miscellaneous Information
Third Party YN: 1
Listing Information
Previous Status: Pending
Backups Requested YN: 0
Listing Date Information
Days to Contract: 20
Status Contractual Search Date: 2021-06-16
Listing Price Information
Calculated List Price By Calculated Sq Ft: 313.76
Green Information
Green Verification Count: 0
Home Information
Living Area: 1992
Living Area Units: Square Feet
Living Area Source: Public Records
Living Area Meters: 185.06
Building Area Units: Square Feet
Foundation Details: Slab
Around this home
Schools
Orange Grove Elementary School
Public PreK-5 • Assigned • 2.3mi
10/10
Seminole Middle School
Public 6-8 • Assigned • 4.1mi
7/10
Seminole High School
Public 9-12 • Assigned • 3.9mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
8 days above 107° expected this year, 28 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Madeira Beach, FL • 33708
Average low and high temperatures (°F)
67
51
72
56
78
61
83
67
87
74
90
77
91
78
90
78
89
77
85
70
79
62
73
57
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 6.2 hours in December, placing it above the
U.S. average for solar exposure.
9.2 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$712,000 – $862,000
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