Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14217 East Parsley Drive Madeira Beach, FL 33708

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $720,000

    Prime waterfront lot in sought-after beach community.

    Type:Land
    Added:
    Apr 1, 2026
    Days on Market:
    17
    Last Refresh:
    Apr 1 at 8:36 pm

    Property Features for 14217 East Parsley Drive

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Wendy Smith

    Listing agent Wendy Smith License #180280

    Listing office WENDY A SMITH

    Listing date Apr 1, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of WENDY A SMITH

    Overview

    Waterfront Lot with Open Views

    This waterfront lot offers open water views, presenting an opportunity for residential development. The property is positioned for redevelopment, offering potential for developers to create a luxury residence or for investors to capitalize on its location. Situated in a desirable beach community in Florida, this lot is ready for development. This property offers the chance to influence the future of waterfront living on the Gulf Coast.
    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
    -82.7916229
    Latitude
    27.7999496

    Nearby Similar for Sale

    • $799,999
      1,572 SF

      Turnkey Triplex Near Madeira Beach

      Renovated triplex steps from the beach with income potential.
      13388 1ST STREET E, MADEIRA BEACH, FL 33708
      View Details
    • $575,000
      1,264 SF

      Remodeled Duplex Near Madeira Beach

      Extensively remodeled duplex with private yards near the beach.
      119 147TH AVENUE E, MADEIRA BEACH, FL 33708
      View Details
    • $599,000
      1,557 SF

      Remodeled Duplex Near Madeira Beach

      Remodeled duplex near Madeira Beach with two rental streams.
      14040 MIRAMAR AVENUE, MADEIRA BEACH, FL 33708
      View Details
    • $849,000
      1,936 SF

      Madeira Beach Quadruplex Investment Opportunity

      Four cottages near the Gulf, offering rental or redevelopment potential.
      13136 4TH STREET E, MADEIRA BEACH, FL 33708
      View Details
    • $895,000

      Waterfront Land in Madeira Beach

      Vacant waterfront land with boat lifts in Madeira Beach.
      449 S BAYSHORE DRIVE, 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
    • $950,000

      Waterfront Lot in Madeira Beach

      Deep-water canal lot ideal for a luxury coastal residence.
      837 BAY POINT DRIVE, MADEIRA BEACH, FL 33708
      View Details
    • $694,999
      1,790 SF

      Renovated Duplex Near Madeira Beach

      Renovated duplex near John's Pass Village and Madeira Beach.
      175 133RD AVENUE E, MADEIRA BEACH, FL 33708
      View Details
    • $1,347,000
      2,806 SF

      Madeira Beach Waterfront Quadruplex

      Fully occupied quadruplex with waterfront access in Madeira Beach.
      117 140TH AVENUE E, MADEIRA BEACH, FL 33708
      View Details
    • $869,900

      Waterfront Lot in Madeira Beach

      Cleared waterfront lot ready for your dream home.
      331 BOCA CIEGA DRIVE, MADEIRA BEACH, FL 33708
      View Details
    • $899,000

      Waterfront Land in Madeira Beach

      Waterfront land with seawall, decking, and boat lift.
      15307 HARBOR DRIVE, MADEIRA BEACH, FL 33708
      View Details
    • $449,000

      Residential Land Near Gulf Waters

      Corner lot two blocks from the beach, ready to build.
      14268 N BAYSHORE DRIVE, MADEIRA BEACH, FL 33708
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Prime waterfront lot in sought-after beach community.
    Where is this waterfront land located?
    The property is located at 14217 East Parsley Drive Madeira Beach, FL.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: Breathtaking open water views on a waterfront lot.; Prime location in a highly desirable St. Pete Beach community.; Redevelopment opportunity to build a custom dream residence.
    (727) 452-3301
    We can help!
    Listing Contact
    Wendy Smith
    Real Estate License ID: 180280
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!