12924 Gulf Boulevard #502, Madeira Beach, FL 33708
Local realty services provided by:CENTURY 21 Alliance Realty Group
Listed by: tony anderson
Office: nexthome gulf coast
MLS#:TB8473441
Source:MFRMLS
Price summary
- Price:$749,000
- Price per sq. ft.:$865.9
About this home
Wake up to the sound of waves, salty Gulf breezes, and uninterrupted blue horizons—this top-floor beachfront penthouse is where the Florida dream becomes reality.
Welcome to 12924 Gulf Blvd #502, perched high above the sugar-sand shoreline in Madeira Beach at Sandy Shores Condominiums. Whether you’re searching for a personal coastal escape, a proven income producer, or a smart 1031 exchange opportunity, this residence delivers on every front.
From the moment you step inside, your eyes are drawn to sweeping, unobstructed views of the Gulf. The open-concept living space is filled with natural light and framed by hurricane-impact windows, creating a bright, airy atmosphere that feels both relaxed and refined. The updated kitchen features custom wood cabinetry, quartz countertops, and stainless steel appliances, perfectly positioned for effortless entertaining or quiet evenings after a day at the beach.
The one-bedroom, one-bath layout is thoughtfully designed and sold fully furnished, including linens, cookware, and décor—truly turnkey for immediate enjoyment by you or your guests. Step outside and take advantage of resort-style amenities including a heated beachfront pool, grilling area, tiki hut, and convenient bicycle storage—all just steps from the sand.
This property shines not only as a lifestyle purchase, but as a high-performing investment. Zoned for short-term rentals with no restrictions on owner use, the unit generated $73,000 in rental income in 2024 (despite storm-related booking disruptions) and $71,000 in 2025, making it a standout opportunity in a highly desirable market.
Peace of mind comes standard here. The building has completed all required structural integrity inspections and reserve studies, boasts fully funded reserves, and has undergone significant recent improvements including upgraded balconies, resurfaced pool and parking lot, and a backup generator—rare and valuable features for a beachfront condominium.
Location elevates everything. Situated directly on the beach and just steps from John’s Pass Village & Boardwalk, you’ll enjoy unmatched walkability to waterfront restaurants, boutique shops, fishing charters, boat rentals, dolphin tours, and live entertainment. St. Pete, Clearwater Beach, and Tampa are all an easy drive away, keeping this condo in constant demand with visitors year-round.
This is more than a condo—it’s a proven income-producing beachfront penthouse in one of Florida’s most beloved coastal destinations. Opportunities like this are rare. Schedule your private showing and experience it for yourself....
Contact an agent
Home facts
- Year built:1979
- Listing ID #:TB8473441
- Added:451 day(s) ago
- Updated:June 20, 2026 at 01:20 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Flooring:Carpet, Ceramic Tile, Luxury Vinyl
- Dining Description:Living Room/Dining Room Combo
- Kitchen Description:Dishwasher, Disposal, Kitchen/Family Room Combo, Microwave, Range, Refrigerator, Solid Surface Counters, Solid Wood Cabinets, Stone Counters
- Bedroom Description:Walk-In Closet(s)
- Basement Description:Concrete Perimeter, Pillar/Post/Pier
- Living area:865 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric
- Central air:Yes
Structure and exterior
- Roof:Membrane
- Year built:1979
- Building area:865 sq. ft.
- Lot area:0.92 Acres
- Construction Materials:Concrete
- Exterior Features:Balcony, Outdoor Grill
- Foundation Description:Concrete Perimeter, Pillar/post/pier
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$749,000
- Price per sq. ft.:$865.9
- Tax amount:$8,515 (2024)
Features and amenities
- Appliances:Dishwasher, Disposal, Microwave, Range, Refrigerator
- Laundry features:Same Floor As Condo Unit
- Amenities:Cable Connected, Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
- Pool features:Public Pool
New listings near 12924 Gulf Boulevard #502
- New
$1,000,050Active0.16 Acres14065 N Bayshore Drive, MADEIRA BEACH, FL 33708
MLS# TB8521365Listed by: CHARLES RUTENBERG REALTY INC - New
$465,000Active3 beds 2 baths686 sq. ft.13707 Plymouth Street, MADEIRA BEACH, FL 33708
MLS# TB8521298Listed by: DALTON WADE INC - New
$299,900Active4 beds 2 baths1,020 sq. ft.13104 4th Street E, MADEIRA BEACH, FL 33708
MLS# TB8520814Listed by: RE/MAX REALTEC GROUP INC - New
$499,900Active3 beds 2 baths1,399 sq. ft.14906 N Bayshore Drive, MADEIRA BEACH, FL 33708
MLS# TB8520500Listed by: YOU FIRST REALTY AND ASSOC LLC - New
$2,699,000Active4 beds 3 baths3,072 sq. ft.503 Johns Pass Avenue, MADEIRA BEACH, FL 33708
MLS# TB8519984Listed by: REALTY EXPERTS - New
$640,000Active2 beds 2 baths1,163 sq. ft.13235 Gulf Boulevard #603, ST PETERSBURG, FL 33708
MLS# TB8519619Listed by: MICHAEL SAUNDERS & COMPANY - New
$750,000Active2 beds 2 baths1,167 sq. ft.14900 Gulf Boulevard #401, MADEIRA BEACH, FL 33708
MLS# TB8519471Listed by: COLDWELL BANKER REALTY - New
$1,150,000Active3 beds 2 baths1,337 sq. ft.562 Johns Pass Avenue, MADEIRA BEACH, FL 33708
MLS# TB8520269Listed by: GORDON REALTY HOUSE - New
$1,235,000Active0.1 Acres13098 Boca Ciega Avenue, MADEIRA BEACH, FL 33708
MLS# TB8519663Listed by: KELLER WILLIAMS GULF BEACHES - New
$925,000Active2 beds 2 baths1,225 sq. ft.15000 Gulf Boulevard #602, MADEIRA BEACH, FL 33708
MLS# TB8518991Listed by: CHARLES RUTENBERG REALTY INC