13388 1st Street E, Madeira Beach, FL 33708
Local realty services provided by:CENTURY 21 Affiliates
Listed by: steven koleno
Office: beycome of florida llc.
MLS#:O6391215
Source:MFRMLS
Price summary
- Price:$798,999
- Price per sq. ft.:$508.27
About this home
Income-Producing Coastal Triplex – One Block from Madeira Beach
Rare opportunity to own a fully renovated, income-producing triplex just one block from the Gulf beaches in desirable Madeira Beach. Two of the three units are currently leased, generating $3,600 per month in rental income, with the third unit available to lease, occupy, or use as a seasonal residence—offering immediate cash flow with additional upside.
The property features two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, making it an ideal investment for seasonal residents, traveling professionals, or those seeking extended beach stays. The area is well suited for 90-day+ seasonal rentals, providing strong demand while minimizing the turnover associated with STR rentals.
Property Highlights
Income-producing property with two leased units generating $3,600/month
Opportunity to lease the third unit and achieve projected rental income of $6,000+ per month ($72,000+ annually)
One block from Madeira Beach
Approximately a 5-minute walk to John’s Pass Village, restaurants, shops, and marina
Multifamily zoning with potential for duplex through quadplex development (buyer to verify all zoning and redevelopment opportunities)
New HVAC systems and water heaters
Updated kitchens, bathrooms, flooring, and fixtures
Turnkey, low-maintenance condition
Located in a high-demand beachside area with excellent long-term appreciation and rental potential
Whether you’re an investor seeking immediate cash flow, a buyer looking to maximize rental income, or a house hacker wanting to live in one unit while the others generate income, this renovated beachside triplex provides a rare combination of location, flexibility, and long-term value....
Contact an agent
Home facts
- Year built:1959
- Subdivision & Development:MITCHELLS BEACH REV
- Listing ID #:O6391215
- Added:137 day(s) ago
- Updated:August 01, 2026 at 03:41 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Living area:1,572 sq. ft.
Heating and cooling
- Cooling:Mini-Split Unit(s)
- Heating:Electric
Structure and exterior
- Roof:Shingle
- Year built:1959
- Building area:1,572 sq. ft.
- Lot area:0.09 Acres
- Construction Materials:Block, Stucco
- Exterior Features:Balcony, Sidewalk
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Available, Water Connected
- Sewer:Public Sewer, Sewer Available, Sewer Connected
Finances and disclosures
- Price:$798,999
- Price per sq. ft.:$508.27
- Tax amount:$4,805 (2025)
Features and amenities
- Amenities:Electricity Available, Thermostat
- Pool features:Public Pool
New listings near 13388 1st Street E
- New
$670,000Active2 beds 2 baths1,100 sq. ft.15462 Gulf Boulevard #903, MADEIRA BEACH, FL 33708
MLS# TB8534212Listed by: BHHS FLORIDA PROPERTIES GROUP - New
$610,000Active4 beds 3 baths2,217 sq. ft.10132 Grand Oak Circle, MADEIRA BEACH, FL 33708
MLS# TB8533311Listed by: BRIGHT REALTY GROUP LLC
$255,000Pending2 beds 1 baths834 sq. ft.56 154th Avenue #56, ST PETERSBURG, FL 33708
MLS# TB8533331Listed by: PALM PARADISE REALTY GROUP- New
$788,800Active3 beds 3 baths2,223 sq. ft.116 131st Avenue E #F, MADEIRA BEACH, FL 33708
MLS# TB8531358Listed by: THE C SMITH REAL ESTATE GROUP LLC
$289,000Pending2 beds 2 baths1,252 sq. ft.9735 50th Avenue N, MADEIRA BEACH, FL 33708
MLS# TB8532073Listed by: EXP REALTY LLC
$898,000Active2 beds 3 baths1,469 sq. ft.639 Normandy Road, MADEIRA BEACH, FL 33708
MLS# TB8526905Listed by: CHARLES RUTENBERG REALTY INC- New
$1,600,000Active5 beds 4 baths2,424 sq. ft.15405 Gulf Boulevard #B4, ST PETERSBURG, FL 33708
MLS# TB8529969Listed by: KELLER WILLIAMS TAMPA CENTRAL
$659,000Active1 beds 1 baths920 sq. ft.12924 Gulf Boulevard #105, MADEIRA BEACH, FL 33708
MLS# TB8529435Listed by: DOIRON REALTY INC
$279,900Active2 beds 1 baths1,073 sq. ft.Address Withheld By Seller, MADEIRA BEACH, FL 33708
MLS# TB8530616Listed by: VYLLA HOME
$599,900Active3 beds 2 baths1,336 sq. ft.13148 3rd Street E, MADEIRA BEACH, FL 33708
MLS# TB8529095Listed by: EXP REALTY LLC