Gulf Shores 1st Add Homes with Block Exterior Construction

Gulf Shores 1st Add Homes with Block Exterior Construction

Welcome to Gulf Shores 1st Add., a hidden gem nestled in the breathtaking coastal landscape of Florida. This charming subdivision offers a unique blend of serene living and vibrant community life, making it an ideal choice for families, retirees, and anyone in search of a tranquil escape by the sea.

Gulf Shores 1st Add. is renowned for its beautifully constructed homes, many featuring durable block exterior construction. This building style not only enhances the aesthetic appeal of the residences but also promises longevity and resilience against the elements, ensuring your investment stands the test of time. The homes here are thoughtfully designed, boasting spacious layouts and modern amenities that cater to both comfort and functionality.

As you stroll through the tree-lined streets of Gulf Shores 1st Add., you’ll be captivated by the friendly atmosphere and well-maintained properties. The community is conveniently located near pristine beaches, local parks, and a variety of shopping and dining options, providing residents with everything they need just a stone's throw away.

Whether you're looking to relax by the shore, indulge in water sports, or explore the vibrant local culture, Gulf Shores 1st Add. has something for everyone. With its inviting homes and welcoming community spirit, this subdivision is not just a place to live; it's a lifestyle waiting to be embraced.

Discover your dream home in Gulf Shores 1st Add. today, and experience the perfect blend of coastal charm and modern living!

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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