13388 1ST STREET E
Madeira Beach, FL 33708
$699,999
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.
Listing Courtesy of: BEYCOME OF FLORIDA LLC
844-239-2663
| Listing Id: | O6391215 |
|---|---|
| List Price: | $699,999 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bedrooms Total: | 6 |
| Bathrooms Full: | 5 |
| Living Area: | 1,572 |
| Tax Annual Amount: | $4,805 |
| Lot Size Square Feet: | 4,060 |
| Lot Size Acres: | 0.09 |
| Waterfront?: | No |
| City: | Madeira Beach |
| County Or Parish: | Pinellas |
| Subdivision Name: | Mitchells Beach Rev |
| Postal Code: | 33708 |
| Year Built: | 1959 |
| Number Of Units Total: | 3 |
| Bathrooms Total Integer: | 5 |
| Building Area Units: | Square Feet |
| Foundation Details: | Slab |
| Construction Materials: | Block, Stucco |
| Cooling: | Mini-Split Unit(s) |
| Directions: | Drive southwest on Tom Stuart Causeway/FL 666. Left to Gulf Bld/FL 699. Left to 134th Ave East. Turn right. Property is on the left. |
| Exterior Features: | Balcony, Sidewalk, Storage |
| Heating: | Electric |
| Interior Features: | Thermostat |
| Laundry Features: | None |
| Ownership: | Fee Simple |
| Living Area Source: | Owner |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.09 |
| Postal Code Plus4: | 2989 |
| MLS Area Major: | 33708 - St Pete/Madeira Bch/N Redington Bch/Shores |
| MLS Area Major: | 33708 - St Pete/Madeira Bch/N Redington Bch/Shores |
| Original List Price: | $849,999 |
| Parcel Number: | 15-31-15-58320-011-0120 |
| Township: | 31 |
| Road Surface Type: | Concrete |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional, FHA, Other, VA Loan |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
| Water Source: | Public |
| Public Survey Range: | 15 |
| Public Survey Section: | 15 |
| Alternate Key Folio Num: | 31-15-15-58320-011-0120 |
| Annual Net Income: | 0.00 |
| Calculated List Price By Calcula: | 445.29 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/O6391215?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/O6391215?w=Customer |
| Dpryn: | Yes |
| Flood Zone Code: | AE |
| Flood Zone Date: | 2021-08-24 |
| Flood Zone Panel: | 12103C0191H |
| Green Verification Count: | 0 |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 146.04 |
| Lot Size Square Meters: | 377 |
| Sdeo yn: | No |
| Total Acreage: | 0 to less than 1/4 |
| Total Num Buildings: | 0 |
| Unit Count: | 3 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 844-239-2663 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
| Listing Contract Date: | 2026-03-16 |
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Property Last Updated: November 06, 2026 01:39 PM - ET
