WHAT COULD BE BETTER, A PLACE TO CALL HOME WITH YOUR OWN DEEDED
BOAT SLIP! In ADDITION, this unit can generate INCOME if you
wish as well! The BOAT SLIP offers a 13,000lb lift and is
right outside your front door! Need a BOAT? The option
to purchase the current BOAT on the lift is also available!
This UNIT is a RARE FIND, three bedroom, two bath WIDE OPEN
WATER, GROUND FLOOR CORNER is waiting for you! As you enter
the unit, the enclosed porch adds extra space for storage or to
enjoy that morning cup of coffee or afternoon glass of wine while
watching the Dolphins play! In addition to the 3 bedrooms,
you also have a bonus room that could be used as a small office,
extra storage, art studio or owner's closet. The open floor
plan allows for great entertaining as well as overflow to the wrap
around porch! The primary bedroom offers an ensuite
bath with shower that is separate from your sink area allowing for
more space. Florida can be cool in the winter months, so a
fireplace is an option for you to warm up the rooms quickly!
Resilient waterproof wood plank flooring throughout the
living room and bedrooms. New A/C installed April 2024 and the hot
water heater is approximately 8 years old. Madeira Beach
Yacht Club is one of the fastest growing communities that offers
the very best in Florida living, offering two HEATED pools, workout
facility, hot tub, sauna, game room, library and so much more. Not
to mention, STEPS away from the amazing GULF OF MEXICO! If
you want to move right in, the furnishings are negotiable for
purchase. This is your paradise and one of the best units for sale
in one of the best communities in Madeira Beach! Want to do
some fun activities in addition to what the complex offers, just
walk across the street you are offered one of the most desired
community parks (R.O.C Park), which offers public access to Tennis,
Pickleball, Basketball, fishing pier, dog park, playground and
splash pad! Everything is within walking distance, with
multiple bars and restaurants, including the newly developed
Cambria hotel with a rooftop bar offering amazing sunset views,
grocery and pharmacy, and is less than 2 miles from famed John's
Pass. What are you waiting for, don't miss this opportunity to own
your very own piece of paradise and have it earn income for you
while you are away!
Unit Size
1,260 Ft²
Days on Market
37 days
Land Size
9.68 acres
Price per sqft
$627
Property Type
Condo
Property Taxes
$469
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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IncomePer Year
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Cap Rate
100% Occupancy
N/A (extreme outlier)
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Patio and Porch Features: Covered, Enclosed, Rear Porch, Screened, Wrap Around
Lot Features: Corner Lot, City Lot
Lot Size Area: 9.6768
Lot Size Units: Acres
Lot Size Acres: 9.68
Lot Size Square Feet: 421520
Tax Lot: 0020
Water Source: Public
Financial Details
Tax Annual Amount: $5,625
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Pool Maintenance, Security, Sewer, Trash, Water
HOA/Condo/Coop Amenities: Cable TV, Clubhouse, Fitness Center, Gated, Maintenance, Sauna, Security, Spa/Hot Tub
359 Medallion BOULEVARD
#B,
MADEIRA BEACH, FL, 33708
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