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24436751
24436774

12955 Pelican Ln, Madeira Beach, FL 33708

AP
FL SL3462455
Engel & Völkers Madeira Beach
EP
3370730
Engel & Völkers Madeira Beach
Listed by Engel & Völkers Madeira Beach
$2,990,000
336 days on market
Updated 40 days ago

Belle Vista

Details
Property Type Hospitality, Multifamily
Sub Type Apartment Building, Hotel (+1)
Square Footage 4,022
Net Rentable (SqFt) 4,022
Units 5
Broker Co-Op Yes
Year Renovated 2025
Buildings 1
Stories 2
Lot Size (SqFt) 6,395
Parking Spaces 7 spaces
Parking Per SqFt 1.74
Investment Type Value Add

Waterfront 5 Unit Motel Short Term Rentals

Marketing description

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.

Investment highlights

This rare coastal gem offers a highly desirable mix of lifestyle, location, and income potential—a smart, scalable investment in one of Tampa Bay's most vibrant and high-demand waterfront markets.

  • Prime Location: Steps from John’s Pass Village & Boardwalk and directly across from Madeira Beach, one of Florida’s most popular Gulf Coast destinations.

  • High Traffic Tourism Area: Over 2 million visitors annually to John’s Pass ensures consistent short-term rental demand.

  • Turn-Key Operation: Fully licensed and refreshed with new furniture in 2025, offering immediate income potential.

  • Diverse Unit Mix:

    • Four 2BR/1BA units

    • One rare 3BR/2BA unit — ideal for an owner/operator or high-earning Airbnb option.

  • Fully Furnished & Equipped: All units come with full kitchens, individual electric meters, and are ready for guests.

  • Streamlined Operations:

    • Electronic door locks for easy self-check-in and remote management.

    • Utility/laundry room for on-site or managed turnover service.

  • Waterfront Amenities: Private dock with electricity & water, lush tropical landscaping, paver patios, and 7 parking spaces (assigned & guest).

  • Zoning Advantage: Legally licensed as a 5-unit hotel, a rarity in the area—ensuring compliance and added long-term value.

  • Flexible Use: Ideal for vacation rental income, owner occupancy, or hybrid use with on-site management or seasonal owner living.

  • Strong Guest Appeal: Walkable to dining, shopping, bars, live music, and water activities like jet skis, dolphin cruises, and fishing charters.

Listing Contacts

AP
FL SL3462455
Engel & Völkers Madeira Beach
EP
3370730
Engel & Völkers Madeira Beach
Listed by Engel & Völkers Madeira Beach

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Additional Information

Name
Ashley Pedone
License
SL3462455
Brokerage
Engel & Völkers Madeira Beach
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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