$2,990,000 for Sale
12955 pelican lane , madeira beach, FL 33708
| Beds 11 | Baths 6 | 4,022 Sqft | 0.15 Acres |
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1 of 100 |
Property Description
Discover a rare investment opportunity with this waterfront, 5-unit licensed hotel, just steps from the iconic John's Pass Village & Boardwalk and directly across the street from the sugar-white sands of Madeira Beach. Recently refreshed with new furniture in 2025, this turn-key property offers immediate income potential and year-round appeal for both vacationers and long-term guests. Privately nestled in a lush, tropical setting, the property includes four 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit—a rare find in this area. Each unit features an individual electric meter, fully furnished, and equipped with full kitchens for a home-away-from-home experience. Guests will appreciate designated parking spaces - seven in total for assigned and guest parking- a serene paver patios, and a private dock with electricity and water—perfect for boaters or simply enjoying sunsets on the Intracoastal Waterway. The property is outfitted with electronic door locks, making day-to-day operations seamless and ideal for remote management or self-check-in. The three-bedroom unit adds unique flexibility—perfect for an owner-operator, seasonal resident manager, or Airbnb host running the property remotely. A separate utility room houses a washer and dryer for guest use or if self managed to wash during turn over. Location is everything, and this property places guests within walking distance to John's Pass Village, a vibrant hub for shopping, waterfront dining, bars, live music, fishing charters, jet ski rentals, dolphin cruises, and more. With over 100 merchants, John's Pass is one of the most visited attractions on Florida’s Gulf Coast, drawing more than 2 million visitors annually. Whether your guests are beach lovers, foodies, or adventure seekers, this one-of-a-kind property is ideally situated for them to enjoy the very best of Florida's Gulf Coast. Don’t miss this rare chance to own a fully licensed, turn-key hospitality business in one of Tampa Bay’s most desirable waterfront destinations.
General Information
Sale Price: $2,990,000
Price/SqFt: $743
Status: Active
MLS#: TB8399312
City: madeira beach
Post Office: madeira beach
County: Pinellas
Subdivision: williams bill madeira harbor sub 1st add
Acres: 0.15
Lot Dimensions: 49 x 122
Bedrooms:11
Bathrooms:6
House Size: 4,022 sq.ft.
Acreage: 0.15 est.
Year Built: 1957
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Paved
Garage: No
Construction: Block, Concrete
Exterior Misc: Balcony, Courtyard, Fenced, Irrigation System, Sliding Doors, Storage
Basement: No
Foundation : Slab
Appliances: Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Cooling: Central Air
Heating: Central
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $29,650
Legal Description: WILLIAM'S, BILL MADEIRA HARBOR SUB 1ST ADD LOT 36 & RIP RTS
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Evan Pedone of ENGEL & VOLKERS MADEIRA BEACH, Phone: 727-394-7365
