Gulf Shores 1st Add Homes with No Deed Restriction Community Extras

Gulf Shores 1st Add Homes with No Deed Restriction Community Extras

Welcome to Gulf Shores 1st Add., a hidden gem nestled in the heart of Florida's stunning coastline! This charming subdivision offers a unique blend of coastal living and community spirit, making it an ideal destination for families, retirees, and anyone looking to embrace the Florida lifestyle.

One of the standout features of Gulf Shores 1st Add. is its welcoming atmosphere, characterized by a strong sense of community and neighborly camaraderie. Residents here enjoy the freedom of a no deed restriction environment, allowing for greater flexibility in property use. Whether you’re dreaming of a cozy beach cottage, a vibrant garden, or even an RV parking space, the possibilities are endless!

The homes in this subdivision are as diverse as its residents, with a variety of architectural styles that reflect the relaxed coastal vibe. Many properties boast spacious yards, perfect for outdoor gatherings, barbecues, or simply soaking up the sun. The proximity to beautiful beaches and recreational areas makes it easy for residents to enjoy the outdoors, whether it’s swimming, fishing, or simply strolling along the sandy shores.

Gulf Shores 1st Add. is not just about homes; it’s about creating a lifestyle. With nearby amenities such as local shops, restaurants, and parks, everything you need is just a stone's throw away. This community embodies the essence of Florida living, where the sun shines bright, and the ocean breeze whispers tales of adventure.

Come explore Gulf Shores 1st Add. and discover the perfect blend of comfort, freedom, and coastal charm!

Newest Gulf Shores 1st Add Homes with No Deed Restriction Community Extras

$1,300,000
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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