Active

$2,990,000

Features:
  • 11 Bedrooms
  • 6 Bathrooms
  • 4022 sq ft
Overview
  • ID: MFRTB8399312
  • Bedrooms: 11
  • Bathrooms: 6
  • Size: 4022 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$2,990,000
HOA Fee:
N/A
Tax Amount:
$29649.58
Price per SqFt:
$743.41
Tax Legal Description:
WILLIAM'S, BILL MADEIRA HARBOR SUB 1ST ADD LOT 36 & RIP RTS
Exterior Features
Lot Size:
6395
Lot Features:
Flood Insurance Required, FloodZone, City Limits, Landscaped, Near Marina, Near Public Transit, Paved
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
Assigned, Guest, Off Street
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
11
Bathrooms:
6
Heating:
Central
Cooling:
Central Air
Appliances:
Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Ceramic Tile
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1957
Construction Type:
Block, Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Courtyard, Fence, Sliding Doors, Storage
Additional Features 2:
Licensed hotel and zoned for daily rentals. Buyer to verify hotel license and zoning with city.
Map
  • Address
    12955 PELICAN LN
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