Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Land in Crystal Island Title is generated by Realmo AI

    575 CRYSTAL DRIVE, Madeira Beach, FL 33708

    View on Map
    Claim this Listing
    For Sale
    $1,195,000

    Land - MADEIRA BEACH, FL

    Lot size:
    0.17 Acres
    Added:
    May 4, 2026
    Days on Market:
    30
    Last Refresh:
    Jun 2 at 4:06 am

    Property Features for 575 CRYSTAL DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES
    Pets allowed
    Yes
    Exterior features
    Paved, Dock
    Dock
    1
    Standard status
    Active
    APN
    10-31-15-19962-000-0480
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    14169.06

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Linda Golparvar

    Listing agent Linda Golparvar License #3556062

    Listing office COASTAL PROPERTIES GROUP INTERNATIONAL 423 Mandalay Ave Ste 102, Clearwater Beach, FL

    Listing date May 4, 2026

    MLS# TB8504147 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.

    HighLights

    • Cleared waterfront property in Crystal Island, Madeira Beach, ready for redevelopment.
    • Newer pool and spa (2020), seawall (2020), composite dock (2020), and a 13,000‑pound boat lift included.
    • Architectural drawings, renderings, and permits are prepared and ready for approval, enabling fast‑track construction.
    • Direct deep water access to the Intracoastal Waterway and the Gulf of Mexico.
    • Located in a desirable neighborhood with upscale homes and stunning water views.
    • Convenient access to beaches, waterfront dining, Johns Pass Village, and local entertainment.

    Overview

    This waterfront property presents an exceptional opportunity to build a custom waterfront estate in the Crystal Island neighborhood of Madeira Beach. The cleared property is ready for redevelopment and features a pool and spa installed in 2020, along with a seawall and composite dock, also from 2020. A 13,000-pound boat lift is already in place. The property offers deep water access with direct boating access to the Intracoastal Waterway and the Gulf of Mexico. Architectural drawings, renderings, and permits are prepared and ready for approval, allowing for expedited construction. Located in a desirable waterfront community, the property is surrounded by upscale homes and water views, offering convenient access to beaches, waterfront dining, Johns Pass Village, and local entertainment. This 0.17-acre lot, zoned for residential use, offers possibilities for a coastal design in one of Tampa Bay’s waterfront communities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    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
    -82.782107
    Latitude
    27.800948

    Nearby Similar for Sale

    • $2,200,000
      5,500 SF

      Madeira Beach Development Opportunity

      Approved condo-hotel project with commercial space and rental potential.
      13495 GULF BOULEVARD, MADEIRA BEACH, FL 33708
      View Details
    • $675,000
      1,378 SF

      Madeira Beach Duplex Near Johns Pass

      Duplex near Johns Pass, with updated units and ample parking.
      13440 1ST STREET E, MADEIRA BEACH, FL 33708
      View Details
    • $700,000
      1,516 SF

      Renovated Triplex Near Madeira Beach

      Newly renovated triplex in Madeira Beach, close to the beach.
      14013 MARGUERITE DRIVE, MADEIRA BEACH, FL 33708
      View Details
    • $799,900
      2,439 SF

      Beachfront Duplex in Madeira Beach

      Duplex with beach access and redevelopment potential in Madeira Beach.
      13098 GULF BOULEVARD, MADEIRA BEACH, FL 33708
      View Details
    • $549,900
      1,399 SF

      Remodeled Duplex Near Madeira Beach

      Duplex with remodeled units, near beaches, restaurants, and shopping.
      14906 N BAYSHORE DRIVE, MADEIRA BEACH, FL 33708
      View Details
    • $798,999
      1,572 SF

      Renovated Triplex Near Madeira Beach

      Turnkey triplex near the beach with strong income potential.
      13388 1ST STREET E, MADEIRA BEACH, FL 33708
      View Details
    • $1,291,000
      2,806 SF

      Madeira Beach Waterfront Quadruplex

      Fully occupied quadruplex with waterfront access in Madeira Beach, Florida.
      117 140TH AVENUE E, MADEIRA BEACH, FL 33708
      View Details
    • $525,000
      1,264 SF

      Remodeled Duplex Near Madeira Beach

      Extensively remodeled duplex near the beach with income potential.
      119 147TH AVENUE E, MADEIRA BEACH, FL 33708
      View Details
    • $569,000
      1,557 SF

      Remodeled Duplex Near Madeira Beach

      Remodeled duplex near Madeira Beach, move-in ready, great investment property.
      14040 MIRAMAR AVENUE, MADEIRA BEACH, FL 33708
      View Details
    • $1,900,000

      Gulf Blvd Frontage Redevelopment Opportunity

      Vacant land on Gulf Blvd ready for redevelopment.
      14225 GULF BOULEVARD, MADEIRA BEACH, FL 33708
      View Details
    • $837,583
      26,000 SF

      Beachmaker Resort Pre-Construction Condo-Hotel

      Luxury condo-hotel units with water views and premium amenities.
      15000 MADEIRA Way 615, Madeira Beach, FL 33708
      View Details
    • $310,000
      1,008 SF

      Charming Duplex Near Gulf Coast

      Duplex featuring two units near beaches and local amenities.
      30 LYNN WAY, MADEIRA BEACH, FL 33708
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Cleared waterfront property with pool, dock, and permits ready.
    Where is this waterfront land located?
    The property is located at 575 CRYSTAL DRIVE Madeira Beach, FL.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: Cleared waterfront property in Crystal Island, Madeira Beach, ready for redevelopment.; Newer pool and spa (2020), seawall (2020), composite dock (2020), and a 13,000‑pound boat lift included.; Architectural drawings, renderings, and permits are prepared and ready for approval, enabling fast‑track construction.
    (202) 744-2189
    We can help!
    Listing Contact
    Linda Golparvar
    Real Estate License ID: 3556062
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    575 CRYSTAL DRIVE, MADEIRA BEACH, FL 33708
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!