Madeira Beach, FL 107k Grossing Condo

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!!

Listing Provided by:

Gregory Schreiber (786) 223-3324 | gregschreiber@kw.com

Richard Grant (727) 858-5583 | richgrant@kw.com

Keller Williams Realty

Source: Stellar MLS / MFRMLS,MLS#: U8161427

See more details for 15305 1st St E #P3, Madeira Beach, FL 33708 on Zillow

Facts and features

• Condominium, single family residence
• 3 bedrooms
• 3 bathrooms
• Built in 2021
• Central
• Central air
• 2 Attached garage spaces
• $1,124 monthly HOA fee
• $611 price/sqft
• 2.25%-$199% buyer’s agent fee

Interior details

Bedrooms and bathrooms

• Bedrooms: 3
• Bathrooms: 3
• Full bathrooms: 3

Flooring

• Flooring: Vinyl

Heating

• Heating features: Central

Cooling

• Cooling features: Central Air

Appliances

• Appliances included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
• Laundry features: Inside, Laundry Room

Interior Features

• Window features: Blinds, Shades, Window Treatments
• Interior features: Ceiling Fan(s), Open Floorplan, Solid Surface Counters, Split Bedroom, Walk-In Closet(s)

Other interior features

• Total structure area: 1,800
• Total interior livable area: 1,800 sqft
• Virtual tour: View virtual tour
• Attic: Ceiling Fans(s), Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Window Treatments

Property details

Parking

• Total spaces: 2
• Parking features: Assigned, Common, Covered, Ground Level, Guest, Off Street
• Garage spaces: 2
• Covered spaces: 2

Property

• Levels: One
• Exterior features: Balcony, Sliding Doors
• View description: Water
• Has waterview: Yes
• Waterview: Water
• str property for sale

Lot

• Lot size: 1 Acres

Other property information

• Parcel number: 093115524050000403
• Special conditions: None

Construction details

Type and style

• Home type: Condo
• Property subType: Condominium, Single Family Residence

Material information

• Construction materials: Block
• Foundation: Slab
• Roof: Shingle

Condition

• New construction: No
• Year built: 2021

Utilities / Green Energy Details

Utility

• Electric utility on property: Yes
• Sewer information: Public Sewer
• Water information: Public
• Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected

Community and Neighborhood Details

Community

• Community features: Buyer Approval Required

Location

• Region: Madeira Beach
• Subdivision: Madeira Del Mar Condo

HOA and financial details

HOA

• Has HOA: Yes
• HOA fee: $1,124 monthly
• Amenities included: Elevator(s), Pool
• Services included: Common Area Taxes, Community Pool, Insurance, Maintenance Structure, Maintenance Grounds, Pool Maintenance

Other financial information

• Annual tax amount: $10,800
• Buyer agency compensation: 2.25%-$199%
• Total actual rent: 0

Other

Other facts

• Ownership: Condominium
• Road surface type: Asphalt