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$1,550,000

249 Boca Ciega Drive Madeira Beach, FL 33708 Multi Unit - Multiple Active

  • 249 Boca Ciega Drive , Madeira Beach, FL 33708 Main Photo

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Description

Rare waterfront redevelopment opportunities situated on two lots totaling approximately 12,628 ft. (0.28 acres) with approximately 95 feet of seawall in a laid-back and beautiful neighborhood. The property currently has three existing structures, each approximately 720 ft. situated on a slab foundation with wood siding. The existing structure sustained substantial damage from the hurricane, and the property is being marketed primarily for its land value and redevelopment potential. Seller makes no representations or warranties regarding the condition of the existing structures. The structures currently remain in place as plans may need to be drawn and approved prior to demolition in order to preserve the opportunity for three properties across the two existing lots. Property use is multifamily less than 10 units, with a three month minimum rental period. Buyer is responsible for independently, verifying zone, land use, rental restrictions, building, permitting, demolition, density, and redevelopment requirements with the appropriate municipality. Ideally located just a short walk to John's Pass Village and the sandy beaches of Madeira Beach, this is a unique opportunity to own approximately 0.28 acres of waterfront property along Boca Ciega Bay with 95 feet of seawall and create something new in a highly desirable location.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air, Mini-Split Unit(s)
Heating: Central, Other
Lot Size: 0.29 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $12,232
Year Built: 1930

General Information

Bedrooms: 5
Sqft: 2,160
County: Pinellas
Subdivision: PAGES REP OF MITCHELLS BEACH
Listed By:
Paris Faughn CENTURY 21 BEGGINS 800-541-9923

Amenities

Other
Private Yard

Property Features

Annual Net Income: 108000.00
Body of Water: BOCA CIEGA BAY
Community Features: Street Lights
Days on Site: 1
Directions: Head South on Seminole Blvd. Use the left 2 lanes to take the exit toward 150th Ave/Tom Stuart Causeway. Use any lane to turn left onto Gulf Blvd. Turn left onto 133rd Ave E. Turn right onto Boca Ciega Dr.
Exterior: Wood Siding
Flood Zone Code: AE
Foundation: Slab
Frontage Bay Harbor: 1
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: FloodZone, City Limits, Paved
Lot Dimensions: 0.29
Other Equipment: Private Yard
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: Go Direct, No Lockbox
Special Sale Provisions: None
Special View Info: Water
Utilities: Electricity Available, Sewer Connected, Water - Multiple Meters, Water Available
Water: Public
Water Access: Bay/Harbor, Gulf/Ocean, Intracoastal Waterway
Water Access Y/N: Yes
Waterfront Features: Bay/Harbor, Assigned Boat Slip, Boat Port, No Wake Zone, Seawall - Concrete
Water View: Bay/Harbor - Full, Canal, Gulf/Ocean to Bay, Intracoastal Waterway
$1,550,000
5beds
2,160sqft
New to the Market Active
BEDS5 BATHS SQUARE FEET2,160 MLS#TB8544583
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONPAGES REP OF MITCHELLS BEACH

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249 Boca Ciega Drive , Madeira Beach, FL 33708.

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Estimated Payment

$ 6,699.31 per month $5,227.89 Principal & Interest $1,019.33 Property Tax $452.08 Homeowner's Insurance

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