Great investment opportunity! This 4-plex property sits on three contiguous lots in the highly desirable coastal market of Madeira Beach. Prime location only a few blocks from the Gulf of Mexico and John’s Pass Village & Boardwalk. a popular tourist destination with over 100 merchants, including unique boutiques and waterfront restaurants, and full-service marina. The property consists of four tropical-themed one-bedroom, one-bath cottages thoughtfully arranged around a spacious courtyard. Amenities include a gated in-ground swimming pool and spa, two grilling stations, and 4 dedicated storage sheds. The cottages have undergone full remediation and are delivered as a blank canvas, providing a new owner the opportunity to implement custom interior finishes. The pool and spa have been drained, fully restored, and are operating with routine maintenance. The property had been successfully operated as a short-term vacation rental since 2011, but the grandfathering status ends wiith the sale. The property received a "not substantially damaged" determination from the City of Madeira Beach dated January 14, 2025. Buyer and Buyer’s agent are responsible for conducting their own due diligence with the City of Madeira Beach regarding zoning, permitted uses, and any development restrictions.This offering presents strategic repositioning and redevelopment to capitalize on the site’s underlying land value and prime coastal location. This unique property won’t last long!