Multi Family – Maderia Beach – Value Add

This rare beachfront investment opportunity offers outstanding income potential through both short-term vacation rentals and long-term leases. Located in the heart of Madeira Beach, just a street away from the pristine shoreline, this prime property allows guests and tenants to enjoy direct beach access with stunning Gulf views. With high demand for rentals in this area, capitalize on its unbeatable location and revenue-generating potential.

Investment Highlights

• Investment Opportunity: Rare chance to transform a waterfront property into a premier residential, hospitality, or mixed-use destination with strong income potential.
• Units for Sale: 8 out of 10 units available; remaining 2 units can be purchased separately for $600,000 to gain full property control.
• Zoning & Land Use: C-3 Zoning District with Residential/Office/Retail Future Land Use designation.
• Development Potential:
  • Up to 18 residential units per acre
  • Up to 40 units per acre for hotel or condo-hotel use
  • Maximum building height of 44 feet from design flood elevation, allowing for 3–4 stories above ground-floor parking or retail
• Rebuilding Advantages: Under Section 110-96, post-disaster redevelopment can exceed existing zoning limits if prior structures were below current height allowances, providing an opportunity for increased density and higher investment returns.
• Short-Term Rental Potential: Prime location for an Airbnb or vacation rental development, benefiting from high tourist demand in Madeira Beach.

Executive Summary

Average Nightly Vacation Rental Rates:

• 2BD/1BA: $298 per night
• 1BD/1BA: $198 per night
• Studio: $150 per night

Average Airbnb/VRBO occupancy is 87% for this area. With many alternatives being outdated, this value-add opportunity has the potential of a $497,361 NOI.

• Units Available: 8 out of 10 units for sale. Secure the remaining 2 units for $600,000 to gain full ownership of the whole building.
• Rehabilitation Opportunity: All units require renovation due to hurricane impact in 2024, offering a fresh start to design modern, high-yield rentals.

Development & Investment Upside:

• Flexible Zoning & Land Use: Zoned C-3 with Residential/Office/Retail designation, allowing for a versatile mix of rental and commercial spaces to maximize revenue.
• High-Density Potential: Permits up to 18 units per acre, providing significant expansion opportunities.
• Optimal Building Height: The allowable 44 feet from design flood elevation enables 3-4 stories over ground-level parking or retail, enhancing both views and value.
• Rebuilding Advantages: Local ordinance Section 110-96 allows greater density and flexibility in post-disaster reconstruction, giving investors the ability to enhance property value beyond prior limitations.
• Enhanced Development Potential: This property can be reconstructed with a higher density than originally allowed if the previous structure’s height was below the current maximum, enabling greater flexibility and increased return on investment without strict adherence to pre-existing conditions.

Strong Revenue Potential & Beachside Appeal

Located in the middle of Madeira Beach, this property is surrounded by top-rated restaurants, shopping, and entertainment, making it highly desirable for vacationers and long-term tenants alike. With direct beach access just across the street, guests can enjoy the best of the Gulf Coast lifestyle, ensuring high occupancy rates and long-term appreciation. Whether you envision a boutique vacation rental complex, high-end multifamily development, or mixed-use property, this location offers incredible flexibility to bring your vision to life.

Whether you’re an investor or a developer, this property presents an exciting chance to create a premier cash-flow asset! in a prime beachfront location. Don’t miss your chance to invest in one of Madeira Beach’s most promising real estate opportunities.