Florida
Madeira Beach
13326 1ST STREET E

$499,900

13326 1ST STREET E, Madeira Beach, FL 33708

3 beds |
2 baths |
1,213 sqft

Single-Family Home
Built in 1938
3,920sqft lot
—— car garage
$412/sqft
Listed 1 month ago

Property Description

This Madeira Beach property features two licensed short-term rental units, just a 5-minute walk from the beach and close to John's Pass, offering easy access to dining, shopping, and entertainment. The 1-bedroom, 1-bath and 2-bedroom, 1-bath cottages are ready for finishing touches. Owner has already completed mold remediation and electrical. With a proven history of generating $80,000 in Gross Operating Income (GOI) and an average Net Operating Income (NOI) of $67,000, this property delivers strong income potential. The 5.0-star ratings and glowing reviews from past guests on Airbnb and Vrbo transfer to the new owner, ensuring continued success. Onsite parking adds convenience, and the current owner will share their established rental base, allowing the property to be ready to operate before the next season. This property offers a cap rate of approximately 12.6% for cash buyers and is an excellent opportunity to invest in a high-demand vacation rental market.

Listing Status:: Active
Date Added:: May 8, 2025 at 05:00AM
Listing Office:: EXP REALTY LLC : 888-883-8509
Listing Agent:: Nicole Wolf : 314-728-2602
MLS ID:: TB8384120

General: Ninguno
Appliances: None
Laundry: Electric Dryer HookupOutsideWasher Hookup
Flooring: Other
A/C: Mini-Split Unit(s)Wall/Window Unit(s)
Heating: NoneWall Units / Window Unit

This listing courtesy of Nicole Wolf, EXP REALTY LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Madeira Beach Fundamental K-8

591 Tom Stuart Cswy, Saint Petersburg, FL, 33708

Grades KG-8

1.29 miles away

Madeira Beach Fundamental K-8

591 Tom Stuart Cswy, Saint Petersburg, FL, 33708

Grades KG-8

1.29 miles away

St. Petersburg Collegiate High School

6605 5th Ave N, Saint Petersburg, FL, 33710

Grades 10-12

3.62 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.