117 140th Ave E · Madeira Beach, FL 33708

$1,291,000

24 bd · 4.0 ba · 2,806 sqft · MultiFamily public records · 149 Days on market

Built 1971 5,271 sqft lot

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.0/30.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• Schools +4.3/10.0
• 1% rule +3.8/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Great Investment Opportunity, . less than 1 block from the beach!!! Welcome to a rare income producing property located on the intracoastal waterway in beautiful Madeira Beach. This quadplex is a great opportunity for an investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and rent the others, or maximize your income by renting all four. Easy to rent long-term or seasonally, with a 3 month minimum rental. All unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. The two lower units did suffer flood damage and will need to be renovated. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt. Step out of the newer hurricane impact sliding doors to view the beautiful intracoastal waterway or travel just 100 yards to sugar-sand of beautiful Madeira Beach. Conveniently located near restaurants, John's Pass Village and Boardwalk, Downtown Madeira Beach, Tom Stuart Causeway, and everything else the Gulf Beaches have to offer. Just 40 minutes' drive to Tampa International Airport and an easy drive to the Orlando theme parks. These units are a rare affordable rental on the beaches, making it easy to find tenants. Please do not walk the property or disturb the tenants without a confirmed appointment.

Key facts

• Public beach access
• Direct water views
• 5,271 sq ft lot

Tags

• INTERCOASTAL WATERFRONT
• PRIVATE COMPOSITE DOCK
• RECENT TOTAL REMODELING
• TIMELESS TERRAZZO FLOORS
• DIRECT WATER VIEWS
• PUBLIC BEACH ACCESS

Property features AI

Finance

• Other: Total living area approximately 2,806 sq ft; total building area approximately 3,208 sq ft; Lot approximately 0.12 acres (about 490 sq meters); Water frontage total 114 feet (57 ft canal saltwater, 57 ft Intracoastal)
• Financial info: Annual net income reported for the multi-family property: $74,581; Lease terms: Gross lease (tenant pays electricity); Pro forma rents listed: 2-bedroom units $5,000 each; 1-bedroom units $4,000 each
• HOA & community: No HOA association indicated

Exterior

• Parking: Assigned parking; Driveway; Parking pad
• Security: Security lights; Smoke detectors
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Broadband/high-speed internet available; Water connected; Sewer connected
• Home design: Residential income property (quadruplex); Single building; Two levels
• Construction: Block and concrete construction; Built-up roof; Slab foundation; Built in multiple units (4 total)
• Exterior features: Covered rear porch; Balcony; Sliding doors; Private mailbox; Rain gutters; On waterfront (BOCA CIEGA BAY) with canal and Intracoastal Waterway access; No-wake zone; Concrete seawall; Asphalt road access; Public maintained road

Interior

• Kitchen: Range; Microwave; Refrigerator; Ice maker; Electric water heater
• Bedrooms: Total of 6 bedrooms (unit breakdown: two 2-bedroom units and two 1-bedroom units)
• Flooring: Terrazzo flooring
• Bathrooms: Four bathrooms (each unit is listed with 1 bath)
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Blinds; Double-pane windows; Security lights; Smoke detectors
• Laundry & utility: Washer; Dryer; Inside laundry (laundry closet)

What this means for you Summary

Snapshot

• This is a 4 × 6-bed/4.0-bath units multifamily listed at $1.29M.

Deal economics

• At list price, monthly cash flow is $219 ($3k/yr) — positive. Per door: $55/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.14M (11.5% below list).
• Recommended offer: $1.14M (12.0% below list) — sets the bar for market timing.
• Cap rate 6.9% vs local median 0.5% in Madeira Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#419 in FL) — a middle-class / working-renter tenant base. Strengths: health & safety B; Watch: crime D+, amenities F, cost of living F.
• Pinellas (suburban): math 51% / reading 51% proficiency, ranked #31 of 73 in FL (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Orange Grove Elementary School (math 82% / reading 72%, grade A, #170 of 2,144 statewide, top 9%, 435 students, 43% FRL); Seminole Middle School (math 55% / reading 53%, grade B-, #196 of 571 statewide, top 36%, 824 students, 49% FRL); Seminole High School (math 26% / reading 47%, grade F, #351 of 667 statewide, top 54%, 1,546 students, 39% FRL) — zoned schools at 43% FRL track the district average.
• Market conditions: Rents soft (-1.8%/yr); 573 active listings in the ZIP; solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $11,419/mo this rent would consume 166% of the median local household income ($82k/yr) (locally 734% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $9k of loan paydown is wiped out by about $39k of value loss. Plan a longer hold.
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($1.14M) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago; this cycle's ask has dropped $106k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $934k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 8→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,136,080 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
9. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
10. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
11. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
12. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.88% ✗
• Cap rate: 6.89%
• Cash-on-cash: 2.14%
• DSCR: 1.10
• GRM: 9.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -18.5%
• Equity multiple: 0.37×
• Total profit: $-228,629
• Equity at exit: $192,492

10-year hold

• IRR: -18.3%
• Equity multiple: 0.14×
• Total profit: $-310,071
• Equity at exit: $111,622

Cash invested: $361,480 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33708

• Rents YoY: -1.8%
• Active inventory: 573
• Price-to-rent: 37.7×

Monthly cashflow live

• Estimated rent: $11,419 medium
• Mortgage (P&I): −$6,770
• Tax from tax record: −$1,068 /mo · $12,812/yr
• Insurance: −$538
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,398
• Net cashflow: $219

Break-even live

Break-even rent $11,142

Max offer price $1,291,000

Occupancy floor 93%

Sensitivity live

Price	-10% $950	-5% $584	+0% $219	+5% $-147	+10% $-512
Rent	-10% $-683	-5% $-232	+0% $219	+5% $670	+10% $1,121
Rate	-1.0pp $869	-0.5pp $547	base $219	+0.5pp $-116	+1.0pp $-456

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	6	4	$11,420
Total (4 units)			$11,419

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $322,750
• Closing costs: $38,730
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-06-22
   days on market $1,291,000 Active 149 DOM
2. 2026-06-18
   days on market $1,291,000 Active 146 DOM
3. 2026-06-17
   days on market $1,291,000 Active 145 DOM
4. 2026-06-16
   days on market $1,291,000 Active 144 DOM
5. 2026-06-15
   days on market $1,291,000 Active 143 DOM
6. 2026-06-13
   days on market $1,291,000 Active 141 DOM
7. 2026-06-09
   days on market $1,291,000 Active 137 DOM
8. 2026-06-08
   days on market $1,291,000 Active 136 DOM
9. 2026-06-07
   days on market $1,291,000 Active 135 DOM
10. 2026-06-04
    days on market $1,291,000 Active 132 DOM
11. 2026-06-03
    days on market $1,291,000 Active 131 DOM
12. 2026-06-01
    days on market $1,291,000 Active 129 DOM
13. 2026-05-31
    days on market $1,291,000 Active 128 DOM
14. 2026-05-21
    price $1,291,000
15. 2026-02-23
    price $1,347,000
16. 2026-01-23
    listed $1,397,000 Active
17. 2025-02-06
    soldstatus $934,000
18. 2025-01-31
    soldstatus $934,000 Closed 1436-char remark

    Show marketing remark (1436 chars)

    Great Investment Opportunity, . less than 1 block from the beach!!! Welcome to a rare income producing property located on the intracoastal waterway in beautiful Madeira Beach. This quadplex is a great opportunity for an investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and rent the others, or maximize your income by renting all four. Easy to rent long-term or seasonally, with a 3 month minimum rental. All unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. The two lower units did suffer flood damage and will need to be renovated. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt. Step out of the newer hurricane impact sliding doors to view the beautiful intracoastal waterway or travel just 100 yards to sugar-sand of beautiful Madeira Beach. Conveniently located near restaurants, John's Pass Village and Boardwalk, Downtown Madeira Beach, Tom Stuart Causeway, and everything else the Gulf Beaches have to offer. Just 40 minutes' drive to Tampa International Airport and an easy drive to the Orlando theme parks. These units are a rare affordable rental on the beaches, making it easy to find tenants. Please do not walk the property or disturb the tenants without a confirmed appointment.

19. 2024-12-28
    status Pending 1436-char remark

    Show marketing remark (1436 chars)

    Great Investment Opportunity, . less than 1 block from the beach!!! Welcome to a rare income producing property located on the intracoastal waterway in beautiful Madeira Beach. This quadplex is a great opportunity for an investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and rent the others, or maximize your income by renting all four. Easy to rent long-term or seasonally, with a 3 month minimum rental. All unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. The two lower units did suffer flood damage and will need to be renovated. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt. Step out of the newer hurricane impact sliding doors to view the beautiful intracoastal waterway or travel just 100 yards to sugar-sand of beautiful Madeira Beach. Conveniently located near restaurants, John's Pass Village and Boardwalk, Downtown Madeira Beach, Tom Stuart Causeway, and everything else the Gulf Beaches have to offer. Just 40 minutes' drive to Tampa International Airport and an easy drive to the Orlando theme parks. These units are a rare affordable rental on the beaches, making it easy to find tenants. Please do not walk the property or disturb the tenants without a confirmed appointment.

20. 2024-12-17
    listed $950,000 Active 1436-char remark

    Show marketing remark (1436 chars)

    Great Investment Opportunity, . less than 1 block from the beach!!! Welcome to a rare income producing property located on the intracoastal waterway in beautiful Madeira Beach. This quadplex is a great opportunity for an investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and rent the others, or maximize your income by renting all four. Easy to rent long-term or seasonally, with a 3 month minimum rental. All unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. The two lower units did suffer flood damage and will need to be renovated. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt. Step out of the newer hurricane impact sliding doors to view the beautiful intracoastal waterway or travel just 100 yards to sugar-sand of beautiful Madeira Beach. Conveniently located near restaurants, John's Pass Village and Boardwalk, Downtown Madeira Beach, Tom Stuart Causeway, and everything else the Gulf Beaches have to offer. Just 40 minutes' drive to Tampa International Airport and an easy drive to the Orlando theme parks. These units are a rare affordable rental on the beaches, making it easy to find tenants. Please do not walk the property or disturb the tenants without a confirmed appointment.

21. 2021-09-07
    soldstatus $1,235,000
22. 2021-09-02
    soldstatus $1,215,000 Closed 1191-char remark

    Show marketing remark (1191 chars)

    Great Investment Opportunity!!! Welcome to a rare income producing property located on the intra-coastal waterways of Madeira Beach! This quadplex is turn key for any investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and let the tenants pay your mortgage. All 4 units are currently rented out with long term tenants but have the potential for 3 month minimum rentals. Each unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt and could easily be permitted for two boat slips for additional potential income. Step out of the new hurricane impact sliding doors to view the beautiful intracoastal waterways or walk 322 feet across the street to beautiful Madeira Beach. Conveniently located next to coffee shops, restaurants, John's Pass, Tom Stuart Causeway, and just minutes from the 35 miles of powdery sand beaches. Do Not Disturb Tenants! All units will be available for inspection, once under contract.

23. 2021-09-01
    status Pending 1191-char remark

    Show marketing remark (1191 chars)

    Great Investment Opportunity!!! Welcome to a rare income producing property located on the intra-coastal waterways of Madeira Beach! This quadplex is turn key for any investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and let the tenants pay your mortgage. All 4 units are currently rented out with long term tenants but have the potential for 3 month minimum rentals. Each unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt and could easily be permitted for two boat slips for additional potential income. Step out of the new hurricane impact sliding doors to view the beautiful intracoastal waterways or walk 322 feet across the street to beautiful Madeira Beach. Conveniently located next to coffee shops, restaurants, John's Pass, Tom Stuart Causeway, and just minutes from the 35 miles of powdery sand beaches. Do Not Disturb Tenants! All units will be available for inspection, once under contract.

24. 2021-09-01
    status Active 1191-char remark

    Show marketing remark (1191 chars)

    Great Investment Opportunity!!! Welcome to a rare income producing property located on the intra-coastal waterways of Madeira Beach! This quadplex is turn key for any investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and let the tenants pay your mortgage. All 4 units are currently rented out with long term tenants but have the potential for 3 month minimum rentals. Each unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt and could easily be permitted for two boat slips for additional potential income. Step out of the new hurricane impact sliding doors to view the beautiful intracoastal waterways or walk 322 feet across the street to beautiful Madeira Beach. Conveniently located next to coffee shops, restaurants, John's Pass, Tom Stuart Causeway, and just minutes from the 35 miles of powdery sand beaches. Do Not Disturb Tenants! All units will be available for inspection, once under contract.

25. 2021-06-20
    status Pending 1191-char remark

    Show marketing remark (1191 chars)

    Great Investment Opportunity!!! Welcome to a rare income producing property located on the intra-coastal waterways of Madeira Beach! This quadplex is turn key for any investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and let the tenants pay your mortgage. All 4 units are currently rented out with long term tenants but have the potential for 3 month minimum rentals. Each unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt and could easily be permitted for two boat slips for additional potential income. Step out of the new hurricane impact sliding doors to view the beautiful intracoastal waterways or walk 322 feet across the street to beautiful Madeira Beach. Conveniently located next to coffee shops, restaurants, John's Pass, Tom Stuart Causeway, and just minutes from the 35 miles of powdery sand beaches. Do Not Disturb Tenants! All units will be available for inspection, once under contract.

26. 2021-05-25
    price $1,275,000 1191-char remark

    Show marketing remark (1191 chars)

    Great Investment Opportunity!!! Welcome to a rare income producing property located on the intra-coastal waterways of Madeira Beach! This quadplex is turn key for any investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and let the tenants pay your mortgage. All 4 units are currently rented out with long term tenants but have the potential for 3 month minimum rentals. Each unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt and could easily be permitted for two boat slips for additional potential income. Step out of the new hurricane impact sliding doors to view the beautiful intracoastal waterways or walk 322 feet across the street to beautiful Madeira Beach. Conveniently located next to coffee shops, restaurants, John's Pass, Tom Stuart Causeway, and just minutes from the 35 miles of powdery sand beaches. Do Not Disturb Tenants! All units will be available for inspection, once under contract.

27. 2021-04-30
    price $1,345,000 1191-char remark

    Show marketing remark (1191 chars)

    Great Investment Opportunity!!! Welcome to a rare income producing property located on the intra-coastal waterways of Madeira Beach! This quadplex is turn key for any investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and let the tenants pay your mortgage. All 4 units are currently rented out with long term tenants but have the potential for 3 month minimum rentals. Each unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt and could easily be permitted for two boat slips for additional potential income. Step out of the new hurricane impact sliding doors to view the beautiful intracoastal waterways or walk 322 feet across the street to beautiful Madeira Beach. Conveniently located next to coffee shops, restaurants, John's Pass, Tom Stuart Causeway, and just minutes from the 35 miles of powdery sand beaches. Do Not Disturb Tenants! All units will be available for inspection, once under contract.

28. 2021-04-22
    listed $1,399,999 Active 1191-char remark

    Show marketing remark (1191 chars)

    Great Investment Opportunity!!! Welcome to a rare income producing property located on the intra-coastal waterways of Madeira Beach! This quadplex is turn key for any investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and let the tenants pay your mortgage. All 4 units are currently rented out with long term tenants but have the potential for 3 month minimum rentals. Each unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt and could easily be permitted for two boat slips for additional potential income. Step out of the new hurricane impact sliding doors to view the beautiful intracoastal waterways or walk 322 feet across the street to beautiful Madeira Beach. Conveniently located next to coffee shops, restaurants, John's Pass, Tom Stuart Causeway, and just minutes from the 35 miles of powdery sand beaches. Do Not Disturb Tenants! All units will be available for inspection, once under contract.

29. 2018-07-12
    soldstatus $715,000
30. 2018-07-06
    soldstatus $715,000 Sold
31. 2018-06-12
    status Pending
32. 2018-02-22
    price $799,000
33. 2017-12-04
    price $849,900
34. 2017-10-09
    listed $899,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $12,812 · $1,068/mo
• Projected year-2 tax: $12,812 · $1,068/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 8 d/yr ≥107°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $137,028
• − Mortgage interest: −$72,316
• − Property taxes: −$12,812
• − Insurance: −$11,574
• − Repairs & maintenance: −$10,962
• − Management: −$10,962
• − Depreciation: −$37,556
• Taxable loss: −$19,154
• Est. tax savings @ 24.0%: +$4,597
• After-tax cash flow: $7,222/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pinellas
• NCES district ID: 1201560
• Math proficiency: 51% ▼ -5.00%
• Reading proficiency: 51% ▼ -3.00%
• Median HH income: $46,270
• Composite: 43.27/100
• National rank: #3046
• State rank: #31 of 73 in FL

Livability — Madeira Beach

• Score: 70/100
• State rank: #419
• US rank: #7491

Category grades

Amenities F Commute C+ Cost of living F Crime D+ Employment C+ Housing C+ Health & safety B User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Madeira Beach, FL
• County: Pinellas County · 939,478 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 15,060
• Household income: $82,500
• Rent vs Own: 24.2% rent · 75.8% own
• Severe rent burden: 734.0

Population outlook (Pinellas County) Hauer SSP2

• Today (2025): 1,027,532 people
• By 2030: 1,063,586 · +3.5%
• By 2040: 1,125,020 · +9.5%
• By 2050: 1,168,637 · +13.7%
• By 2075: 1,265,188 · +23.1%
• By 2100: 1,260,357 · +22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 5% Asian 4% Two or more races 4% Black 1%
• Common ancestry: Romanian 4% Lithuanian 3% Italian 3%
• Foreign-born: 10% · Canada, Vietnam, Jamaica
• Languages at home: 89% English-only · Spanish 3% Vietnamese 2% Russian/Polish/Slavic 2%

Political lean MEDSL · Pinellas

• 2024 margin: Lean R (+5.2) · D 46.9% · R 52.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 8.3pp · 2024: -5.2pp
• All cycles: 2024: R+5.2 2020: D+0.2 2016: R+1.1 2012: D+5.6 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -663.41%
• Current HPI: 317.0675
• Rent YoY: ▼ -1.77%
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+43.5% since first listed

21 events — show timeline

• 2026-05-21 Price Changed $1,291,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-23 Price Changed $1,347,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-23 Listed $1,397,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-06 Sold (Public Records) $934,000 Public Records
• 2025-01-31 Sold (MLS) $934,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-12-17 Listed $950,000 Stellar MLS as Distributed by MLS Grid
• 2021-09-07 Sold (Public Records) $1,235,000 Public Records
• 2021-09-02 Sold (MLS) $1,215,000 Stellar MLS as Distributed by MLS Grid
• 2021-09-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-09-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-06-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-05-25 Price Changed $1,275,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-30 Price Changed $1,345,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-22 Listed $1,399,999 Stellar MLS as Distributed by MLS Grid
• 2018-07-12 Sold (Public Records) $715,000 Public Records
• 2018-07-06 Sold (MLS) $715,000 Stellar MLS as Distributed by MLS Grid
• 2018-06-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-02-22 Price Changed $799,000 Stellar MLS as Distributed by MLS Grid
• 2017-12-04 Price Changed $849,900 Stellar MLS as Distributed by MLS Grid
• 2017-10-09 Listed $899,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+9.1%/yr

Latest (2025): $12,812 · -31.0% YoY. Source: county tax records.