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

    331 BOCA CIEGA DRIVE Madeira Beach, FL 33708

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $905,000

    Prime waterfront lot with new seawall, ready for development.

    Added:
    May 10, 2025
    Days on Market:
    357
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 331 BOCA CIEGA DRIVE

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    ANTHONY RUSSANO, JR

    Listing agent ANTHONY RUSSANO, JR

    Listing office TREASURE ISLAND REALTY LLC

    Listing date May 10, 2025

    Source Corcoran

    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 TREASURE ISLAND REALTY LLC

    Overview

    Waterfront Lot in Madeira Beach

    This 60 x 100 lot is situated in a prime waterfront location on deep waters, featuring a newer seawall completed in 2024. Located in a desirable boating community near John's Pass and the Gulf of Mexico, this property offers potential for creating a home, retreat, or investment property. The residential zone R-2 lot provides serene water views and enduring value in Madeira Beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Law Firm Spa & Massage Center Real Estate Agency Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic 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
    -82.7826
    Latitude
    27.7891

    Nearby Similar for Sale

    • $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
    • $629,000

      Waterfront Land in Madeira Beach

      Waterfront land with Intracoastal and Gulf access in Madeira Beach.
      14045 E PARSLEY DRIVE, MADEIRA BEACH, FL 33708
      View Details
    • $565,000
      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
    • $600,000
      3,706 SF

      Madeira Beach Multifamily Redevelopment Opportunity

      Prime coastal redevelopment site near the beach in Madeira Beach.
      107 145TH AVENUE E, 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
    • $1,347,000
      2,806 SF

      Madeira Beach Waterfront Quadruplex

      Fully occupied, concrete block quadruplex with waterfront access in Madeira Beach.
      117 140TH AVENUE E, MADEIRA BEACH, FL 33708
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Prime waterfront lot with new seawall, ready for development.
    Where is this waterfront land located?
    The property is located at 331 BOCA CIEGA DRIVE Madeira Beach, FL.
    What is the asking price?
    The asking price for this property is $905,000.
    What are key features of this property?
    This property features: Prime waterfront location on deep waters with direct access to John's Pass and the Gulf of Mexico.; Newer seawall completed in 2024.; 60 x 100 lot size.
    We can help!
    Listing Contact
    ANTHONY RUSSANO, JR
    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

    Thank You for Inquiry

    331 BOCA CIEGA 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!