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    179 Medallion Blvd Madeira Beach, FL 33708

    Sponsored
    For Sale
    $399,000

    Multi-Family 5+ - MADEIRA BEACH, FL

    Property size:
    755 SF
    Lot size:
    9.67 Acres
    Days on Market:
    12
    Last Refresh:
    Mar 4 at 11:06 am

    Property Features for 179 Medallion Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Gated Community, Smoke Detector(s)
    Rooms
    Bedroom 1
    Bedrooms
    1
    APN
    09-31-15-54190-179-0050
    Pets allowed
    Size Limit
    Pool private
    1
    Interior features
    Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Primarybedroom Upstairs, Stone Counters, Thermostat, Walk-in Closet(s), Window Treatments
    Exterior features
    Outdoor Grill, Private Entrance, Private Mailbox, Sidewalk, Pool
    Fencing
    Gate
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Oven - Convection, Range, Refrigerator, Washer
    Size
    755 SF
    Lot size
    9.67 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Exhaust Fan (Heating), Fireplace(s), Heat Pump (Heating)
    Cooling system
    Central Air
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1973
    Number of units
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Cement Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Gregory Genzman

    Coldwell Banker (813) 754-3586

    Listing agent Gregory Genzman (727) 360-6927 License #3527204

    Listing date Feb 21, 2026

    MLS# TB8463468 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Madeira Beach Investment Opportunity

    This fully renovated unit at the Madeira Beach Yacht Club is offered as a turnkey investment opportunity, including high-end furniture, kitchen appliances, and beach equipment. The property is currently used as a vacation rental with a one-week minimum rental period. The unit features granite countertops throughout the kitchen and baths. A new roof and high-efficiency heat pump were installed in 2025. The property's 2024 gross income was $27,873, and the 2025 gross income was $19,122. Confirmed reservations for 2026 total $13,575. Located on Boca Ciega Bay, the Madeira Beach Yacht Club is situated 1,500 feet from public beach access and near ROC Park, which offers pickleball, tennis, basketball, a playground, and a dog park. The property is also within walking distance of a grocery store, pharmacy, liquor store, and restaurants. On-site amenities include a gated community, clubhouse, two heated pools, four private fishing piers, and a large marina. The property size is 755 square feet and the lot size is 9.67 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madeira Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.799726
    Latitude
    27.80463

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    FAQs

    What type of property is this?
    Short term rental property - Fully renovated, furnished vacation rental near Madeira Beach Yacht Club.
    Where is this short term rental property located?
    The property is located at 179 Medallion Blvd Madeira Beach, FL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Turnkey vacation rental with proven income: $27,873 gross in 2024 and $13,575 already booked for 2026.; - Fully renovated and furnished: Includes high-end furniture, kitchen appliances, bedding, and beach equipment.; - Prime location in Madeira Beach Yacht Club: Just 1,500 feet from the beach and walking distance to amenities.
    (419) 304-5192
    Request Owner's contact information
    179 Medallion Blvd Madeira Beach, FL 33708
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    Madeira Beach, FL 33708
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    179 Medallion Blvd Madeira Beach, FL 33708
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    We can help!
    Listing Contact
    Gregory Genzman
    Real Estate License ID: 3527204
    (419) 304-5192 (727) 360-6927
    Learn more
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