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    439 129Th Ave E Madeira Beach, FL 33708

    Sponsored
    For Sale
    Pending
    $1,295,000

    Duplex - MADEIRA BEACH, FL

    Type:Duplex
    Property size:
    1,582 SF
    Lot size:
    0.14 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 20 at 4:06 pm

    Property Features for 439 129Th Ave E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Zoning
    RESIDENTIA
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    15-31-15-97848-002-0090
    Parking features
    Carport, Covered, Driveway, Garage, Golf Cart, Guest, Off Street, Open, Tandem, Underground/Basement
    Interior features
    Attic Ventilator, Ceiling Fans(s), Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets
    Exterior features
    Paved, Lighting, Private Mailbox, Rain Barrel/Cistern(s), Rain Gutters, Storage
    Size
    1,582 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Ceiling, Ductless (Heating), Electric (Heating), Exhaust Fan (Heating), Radiant, Radiant Ceiling
    Cooling system
    Attic Fan, Multi Units, Wall/Window Unit(s), Window Unit(s)
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1966
    Number of units
    2
    Building materials
    Block, Concrete
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Patricia Miller

    Charles Rutenberg Realty, Inc (727) 538-9200 [email protected]

    Listing agent Patricia Miller (727) 538-9200 License #477199

    Listing date Jan 9, 2026

    MLS# TB8448663 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

    Waterfront Duplex on Johns Pass

    Located directly on Johns Pass in Madeira Beach, Florida, this property offers direct access to the Gulf of Mexico. The existing concrete block duplex structure, featuring two bedrooms and one bathroom on each side, sustained damage from the 2024 hurricanes but was not substantially damaged. This allows for several options: remodeling the existing structure, elevating and remodeling, or demolishing and building a new home or multiplex structure. The duplex units have an adjoining double door, allowing use as a mother-in-law suite or rental unit. Each unit features a large picture window with water views, and there is an 8' x 40' covered lanai across the rear with open water views. The waterfront yard is spacious enough for a pool and patio. The property includes an attached concrete block double carport with a half bathroom, and a large driveway that accommodates parking for six vehicles. There is potential to add a 50' dock and two boatlifts. The property is situated near restaurants, shops, live music, and attractions, including watersport activities, fishing charters, and cruises. The location is near two major airports, hospitals, and universities, and is a short drive to Tampa and Orlando. The lot size is 0.14 acres, and the property size is 1582 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Madeira Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.780315
    Latitude
    27.787307

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    FAQs

    What type of property is this?
    Duplex - Waterfront duplex with Gulf access and development options.
    Where is this duplex located?
    The property is located at 439 129Th Ave E Madeira Beach, FL.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Prime waterfront location directly on Johns Pass with 5-minute boat access to the Gulf of Mexico.; - Four options for the existing structure: remodel, elevate and remodel, demolish and rebuild, or use as a duplex/mother-in-law suite.; - Spacious waterfront yard suitable for a pool and/or patio.
    (727) 433-2323
    Request Owner's contact information
    439 129Th Ave E 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
    439 129Th Ave E Madeira Beach, FL 33708
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    We can help!
    Listing Contact
    Patricia Miller
    Real Estate License ID: 477199
    (727) 433-2323
    Learn more
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