509 129th Avenue E Madeira Beach, FL 33708

Multi-Family (2-4 Units) MLS #: TB8340387 Courtesy Of REDFIN CORPORATION

$1,088,000

2,082 sq ft
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Est. Property Tax: $11,586
Estimated monthly payments: $5,722/mo.* (recalculate)

Property InformationDescription

Welcome to this Madeira Beach triplex, ideally situated just steps from John's Pass Village and Boardwalk. Located on a deep-water canal with stunning views and direct access to Boca Ciega Bay and the Gulf of Mexico, this property features a 14' x 20' composite dock and a 13,000 lb boat lift with electric. The triplex consists of three units: a one-bedroom, one-bathroom unit of approximately 450 square feet, another one-bedroom, one-bathroom unit of about 559 square feet, and a spacious two-bedroom, two-bathroom unit measuring roughly 1,114 square feet. The roof was replaced in 2015, and while the 1/1 units boast polished terrazzo flooring, the 2/2 unit features durable concrete flooring. Additional upgrades include some impact windows, new plumbing and waste lines in the 2/2 unit, and brand-new mini-split A/C and heating units in all units. Although the property did sustain flooding during recent hurricanes, it offers a blank slate for investors to

reimagine the interior design. The dock could be rented for an additional $500 per month. The seller has a no substantial damage letter from the City of Madeira Beach so the home can get an interior repair permit and does not need to be demolished per FEMA's 50% rule. Zoned R2 with a three-month minimum lease requirement, this triplex is within a couple of blocks of John's Pass Village and Boardwalk, where you can enjoy an array of restaurants, breweries, nightlife, and more.
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Features

  • Age: Over 50 Years Old
  • Amenities: Dock, Security System, Security System, Water Front
  • Appliances: Microwave
  • Architecture Style: Other
  • Exterior Type: Block
  • Floor Covering: Concrete
  • Lot Size: 0.14 Acres

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509 129th Avenue E, Madeira Beach, FL 33708
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School Information

509 129th Avenue E, Madeira Beach, FL 33708

Other Nearby Schools Distance Type Grades School Rating
Madeira Beach Fundamental K-8 1.5 mi Public KG-8 A
Community Christian School Of Five Oaks 2.0 mi Private 1-12
Plato Academy Of St.petersburg 2.1 mi Public KG-8 B
Azalea Middle School 2.1 mi Public 6-8 D-
Admiral Farragut Academy 2.4 mi Private KG-12
Azalea Elementary 2.4 mi Public PK-5 B+
Keswick Christian School 2.4 mi Private PK-12
Seventy - Fourth St. Elementary 2.9 mi Public PK-5 B+
Pasadena Fundamental Elementary School 2.9 mi Public KG-5 A
Orange Grove Elementary 3.0 mi Public KG-5 A+
Gulf Beaches Elementary Magnet School 3.1 mi Public KG-5 A
St John Vianney Catholic School 3.2 mi Private PK-8
St. Petersburg Collegiate High School 3.2 mi Public 10-12 A+
Blessed Sacrament Catholic School 3.3 mi Private PK-8
Tyrone Middle School 3.4 mi Public 6-8 B
Seminole Elementary 3.5 mi Public PK-5 B
Northside Christian School 3.6 mi Private PK-12
St Petersburg Catholic High School 3.7 mi Private 9-12
De La Fontaine Trilingual Montessori School 3.7 mi Private PK-KG
Bay Pines Lutheran School 3.7 mi Private PK-8
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Saint Petersburg, FL 33708

Median Age: 59.8
Married: 50%
Number of Households: 8,523
Households with Children: 9.3%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.