Been looking for (real estate) LOVE in all the wrong places so far? You’ll bless the day you discovered this property – looking for you! (L)ocation, (O)pportunity, (V)iews, (E)levation.
(L)OCATION – island living, 2 (short) blocks to beautiful beach, literally steps away from vibrant entertainment district John’s Pass Village.
• unique safe pedestrian-only passageway under John’s Pass bridge so that your family (and/or your tenants) NEVER have to be concerned about dodging cars on busy Gulf Blvd while towing your beach gear. Plus stroll through John’s Pass Village to buy whatever else you need for beach along the way – SO convenient! • John’s Pass Village is full of popular restaurants, waterfront bars with live music, ice cream, candy, snacks, coffee shops, fishing charters, jet/boat ski rentals, floatingTiki bar excursions, much more. Yet even though you’re on edge of all the fun – it’s actually relatively quiet – you’re on corner entrance of a dead end street so tourist traffic doesn’t pass by your driveway at all. • ONLY property on this street (129th Ave E) with no dock/seawall (water-view only). So if waterfront not critical – then your property value benefits from being lumped in with waterfront properties - minus the major expense/hassle/concern of maintaining seawalls and docks.
(O)PPORTUNITY • Duplex provides flexibility to live in one side comfortably full time and use the other for extended family/friends etc. – or rent out for income. Very high demand for tenants here due to the LOVE formula – current owner has 28+ years documented rental history and experience to relay. Most recent tenants yielded $41K annual - current upward trend in rental market prices could yield $50K+. • Bonus room ~475 sq ft enclosed unfinished space ground floor next to garage (see pics). Electric/plumbing already there. Great for rec room, gym, storage, workshop, bath, more. • Large lot (5785 sq ft) offers ample options here for future pool, building expansion, addtl parking, and much more. Space for any future plans to go higher and/or wider (for example, add another unit potentially). • Equity growth. Popular real estate websites are projecting Madeira Beach values to increase approximately 8+% over the next year. Park your equity here and watch it grow – no matter whether you plan to move in and enjoy the location - or rent out both units as investor. (V)IEWS • In rear of house - massive solidly built (2) levels of decks with spiral staircases and gorgeous views of John’s Pass waterway (with refreshing island breezes), PLUS 3rd level which gets you to crow’s nest at top and unparalleled panoramic vistas of the frolicking dolphins, local waterways, island/sandbars. Enjoy the annual Christmas Lighted Boat Parades, plus spectacular fireworks displays from at least 7 neighboring cities throughout the year for various holidays. There’s even a 4th large open air deck on 2nd floor in front – great for sunbathing or jacuzzi/hot tub? Or maybe enclose for more (inside) living space? ELEVATION • Avoid exorbitant flood insurance premiums, Living spaces are 2nd and 3rd floors. Ground floor (garage and bonus room) is all concrete block. You're purchasing peace of mind here.