Sold

$1,695,000

Features:
  • 5 Bedrooms
  • 4 Bathrooms
  • 2706 sq ft
Overview
  • ID: MFRU8148916
  • Bedrooms: 5
  • Bathrooms: 4
  • Size: 2706 sq ft
Property Details
Remarks
Capture the final opportunity to own at Azul Townhomes condominium in Madeira Beach. This stunning 5-bedroom, 4-bath, 2,800 sq. ft. residence is a rare find, legally allowing highly profitable short-term rentals (daily, nightly, or weekly) or serving as a perfect primary or vacation home. Located just steps from beach access, it features a rooftop terrace designed for entertaining, with space for a hot tub and wet bar, along with a private 2+ car garage and access to a community pool. Investment potential is unmatched, with third-party projections estimating nearly $200K in annual rental income. To make this an even better opportunity, a rate buy-down and furniture credit are available for a limited time. Cost segregation benefits allow for significant tax advantages, and DSCR financing makes approval quick and easy by considering projected cash flow. This property is also ideal for a 1031 exchange. Don’t wait—this is the last unit available at Azul Townhomes, and it won’t last long!
Financial Considerations
Price:
$1,695,000
HOA Fee:
0
Tax Amount:
$11169
Price per SqFt:
$626.39
Tax Legal Description:
LONE PALM BEACH BLK 5, LOTS 6, 7 & 8 LESS RD R/W ON SW TOGETHER WITH UNPLATTED LAND TO NE DESC BEG MOST N'LY COR OF LOT 6 BLK 5, LONE PALM BEACH TH N40DE 100FT TH S50DE 150FT TH S40DW 100FT TH N50DW 150FT TO POB
Exterior Features
Lot Size:
5134
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Garage Door Opener, Tandem, Basement
Roof:
Concrete
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
4
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Furnished:
No
Floor:
Ceramic Tile, Tile
Levels:
Three Or More
Additional Features
Property Sub Type:
Townhouse
Style:
N/A
Year Built:
2025
Construction Type:
Block, Cement Siding, Concrete, Metal Frame, Stucco
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Balcony, Sliding Doors
Additional Features 2:
Buyer to verify
Map
  • Address
    15405 GULF BLVD #B1
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