Gulf Shores 1st Add Homes with Block Exterior Construction

Gulf Shores 1st Add Homes with Block Exterior Construction

Welcome to Gulf Shores 1st Addition, a hidden gem nestled in the sun-kissed paradise of Florida! This charming subdivision offers a unique blend of coastal living and serene neighborhood ambiance, making it the perfect destination for families, retirees, and anyone seeking a slice of the Sunshine State.

Gulf Shores 1st Add. boasts an array of beautifully designed homes, many featuring sturdy block exterior construction. This not only enhances the aesthetic appeal of the properties but also provides durability and energy efficiency, ensuring that your home remains a sanctuary against the elements. These homes are thoughtfully laid out, often showcasing spacious interiors filled with natural light, open floor plans, and modern amenities that cater to today’s lifestyle.

The community is characterized by its friendly atmosphere, where neighbors become friends and children can play freely in safe, well-maintained surroundings. The location is ideal, with easy access to pristine beaches, vibrant local shops, and delicious dining options that highlight the best of Florida’s coastal cuisine. Whether you're taking a leisurely stroll along the shoreline or enjoying a sunset picnic, Gulf Shores 1st Addition offers a lifestyle that is both relaxing and invigorating.

With a variety of homes to choose from, you can find the perfect fit for your needs in this enchanting neighborhood. If you’re ready to embrace the Florida lifestyle in a community that feels like home, Gulf Shores 1st Add. is waiting for you! Come discover the charm and beauty of this delightful subdivision today!

Newest Gulf Shores 1st Add Homes with Block Exterior Construction

$1,300,000
5 Beds 5 Baths Gulf Shores 1st Add SubDv. 33708 Zip Code
Located in the heart of Madeira Beach, FL, just one block from the Gulf beaches, 14135 Palm Street presents a rare opportunity to acquire a fully updated 5-unit income-producing property in one of the most desirable beach communities along Florida?s Gulf Coast. This solid block construction 5-plex consists of five well-designed 1-bedroom, 1-bathroom units with ample on-site parking, offering strong appeal to both long-term and seasonal tenants. What truly sets this property apart is its extensive hurricane-resilient construction and post-storm preparedness improvements. The building successfully withstood the major storms of 2024, demonstrating the quality and durability of the upgrades completed. Improvements include waterproof stucco interior wall systems, durable epoxy flooring throughout, elevated electrical connections, and water-resistant kitchen fixtures designed to minimize future storm vulnerability and maintenance concerns. In addition, the property features a newer roof, and all restoration and improvement work has been fully permitted and completed, providing added confidence for investors and lenders alike. The property offers flexible rental opportunities including annual rentals, seasonal leasing, workforce housing, or furnished beach rentals, creating multiple paths for maximizing income potential. With an attractive CAP rate, investors can benefit from both strong current cash flow and long-term appreciation in a highly supply-constrained beach market. Tenants will enjoy exceptional walkability and convenience. The property is located near Gulf Boulevard with easy access to the Pinellas Suncoast Transit Authority trolley and bus routes connecting residents to surrounding beach communities, downtown St. Petersburg, and area attractions. Nearby shopping, dining, and entertainment options include the popular John's Pass Village & Boardwalk, local restaurants, waterfront bars, grocery stores, marinas, and recreational activities including boating, fishing, and beach access. The location also provides convenient access to Treasure Island, Redington Beach, and the greater Tampa Bay area. This is an outstanding opportunity to own a proven storm-resilient multifamily asset in a premier coastal location with strong rental demand, attractive projected returns, and lasting tenant appeal.

14135 Palm Street, Madeira Beach

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