Under contract-accepting backup offers. Short Sale. Madeira Beach Multifamily Investment Lot – 14204 E Parsley Drive
An exceptional opportunity for builders and investors to capitalize on Madeira Beach’s thriving coastal real estate market. The lot currently hosts a flood-damaged duplex that, under FEMA’s 50% Rule, must be demolished, making this a prime site for new construction multifamily development. With options to build luxury duplex or triplex residences, the property offers multiple exit strategies: hold as long-term rentals, operate as income-producing seasonal units, or design vacation rentals for short-term stays (minimums apply).
Located directly across from an undeveloped parking lot, the site enjoys clear, protected Intracoastal Waterway views that will set any new build apart in this competitive market. Just blocks from Madeira Beach’s award-winning shoreline, John’s Pass Village & Boardwalk, ROC Park, waterfront dining, and boating amenities, this address guarantees consistent rental demand and lifestyle appeal.
Future residents or guests will enjoy quick access to Treasure Island, Indian Rocks, Seminole shopping corridors, and downtown St. Pete’s cultural attractions, with two international airports less than 40 minutes away. Investors benefit from strong appreciation, short supply of buildable lots, and the ability to deliver a turnkey income property in a highly sought-after Gulf Coast location.
Listing Courtesy of: KELLER WILLIAMS GULF BEACHES
727-367-3756
| Listing Id: | TB8430496 |
|---|---|
| List Price: | $455,000 |
| Property Type: | Land |
| Property Sub Type: | Multi Family |
| Status: | Active Under Contract |
| Tax Annual Amount: | $3,807 |
| Lot Size Square Feet: | 6,861 |
| Lot Size Acres: | 0.16 |
| Waterfront?: | No |
| City: | Madeira Beach |
| County Or Parish: | Pinellas |
| Subdivision Name: | Gulf Shores 6 Th Add Rep |
| Postal Code: | 33708 |
| Additional Parcels?: | No |
| Building Area Units: | Square Feet |
| Current Use: | Multi Family |
| Directions: | FROM Gulf Blvd go EAST on 140th to 4 way stop, go NORTH on East Parsley Dr to address |
| Elementary School: | Orange Grove Elementary-PN |
| High School: | Seminole High-PN |
| Listing Contract Date: | 2026-02-02 |
| Ownership: | Fee Simple |
| Living Area Units: | Square Feet |
| Lot Features: | City Limits, In County, Near Marina, Paved |
| Lot Size Acres: | 0.16 |
| Lot Size Dimensions: | 71x102 |
| Postal Code Plus4: | 2591 |
| Middle Or Junior School: | Seminole Middle-PN |
| 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: | $455,000 |
| Parcel Number: | 10-31-15-34470-024-0030 |
| Pets Allowed: | Yes |
| Township: | 31 |
| Road Surface Type: | Asphalt, Paved |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2024 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | Short Sale |
| State Or Province: | FL |
| Utilities: | BB/HS Internet Available, Cable Available, Electricity Available, Sewer Connected, Water Connected |
| Water Source: | Public |
| Public Survey Range: | 15 |
| Public Survey Section: | 10 |
| Possession: | Close Of Escrow |
| Alternate Key Folio Num: | 103115344700240030 |
| Backups Requested Yn: | Yes |
| Calculated List Price By Calcula: | 66.32 |
| Flood Zone Code: | AE |
| Flood Zone Date: | 2021-08-24 |
| Flood Zone Panel: | 12103C0191H |
| For Lease Yn: | No |
| Front Footage: | 82 |
| Listing Exclusion Yn: | No |
| Lot Size Square Meters: | 637 |
| Price Per Acre: | 2843750 |
| Realtor Info: | As-Is, See Attachments, Sign |
| Sdeo yn: | No |
| Total Acreage: | 0 to less than 1/4 |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | Yes |
| Association 2 Yn: | 0 |
| Attribution Contact: | 727-367-3756 |
| Originating System Name : | Stellar MLS |
| Designated Builder Yn: | No |
| Listing Contract Date: | 2025-09-24 |
Mortgage Calculator
Copyright 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of My Florida Regional MLS DBA Stellar MLS. Real estate listings held by brokerage firms other than the owner of this page include the name of the listing broker. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by a consumer looking to purchase real estate is prohibited. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on November 06, 2026 02:27 PM - ET
Based on information submitted to the MLS GRID as of November 06, 2026 02:27 PM - ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
Property Last Updated: November 06, 2026 02:27 PM - ET
