13136 4TH St E, Madeira Beach, FL 33708

This fourplex property is located in the coastal market of Madeira Beach, a few blocks from the Gulf of Mexico and John’s Pass Village & Boardwalk. The property consists of four one-bedroom, one-bath cottages arranged around a courtyard. The property sits on three contiguous lots totaling 104x120 square feet. Amenities include a gated in-ground swimming pool and spa, two grilling stations, and 4 dedicated storage sheds. The cottages have undergone full remediation and are delivered as a blank canvas, providing the new owner the opportunity to implement custom interior finishes or redevelop as single families or townhomes. The pool and spa have been drained, professionally restored, and are continuously operating. The property had been successfully used as a rental since 2011, and it received a "not substantially damaged" determination from the City of Madeira Beach. This offering presents compelling value-add potential through continued rental operations or strategic repositioning and redevelopment to capitalize on the site’s underlying land value and prime coastal location. John's Pass Village & Boardwalk is a popular tourist destination with over 100 merchants, including unique boutiques and waterfront restaurants, and full-service marina. The location has a walk score of 60, indicating it is somewhat walkable, and a bike score of 40, indicating it is somewhat bikeable.