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497 NORMANDY ROAD

Multi-family For Sale
$890,000

BTC: 10.51760813

ETH: 335.84905660

375 days
7 bds
1,980 sqft

Overview

Waterfront, 5 bedrooms & 3 Bathrooms Beautiful Waterfront Duplex in Prime Madeira Beach Location. This stunning, Block concrete duplex sits on the intercoastal waters of Madeira Beach, complete with its own boat slip. This property features a brand-new roof and has been updated to code, including all permitted work, such as electrical, plumbing, and upgrades. It also includes new kitchens with appliances and updated bathrooms. The duplex offers a three-bedroom, two-bathroom unit on the first floor and a two-bedroom, one-bathroom unit on the second floor, complete with a balcony and gorgeous water views. It’s just a three-minute boat ride to John’s Pass, then you are in the middle of the Gulf of America and walking distance to the most beautiful beaches in the USA, 20 minutes to downtown St. Pete, and only 15-20 minutes away. The property can serve as an income property or a single-family home (five bedrooms, three bathrooms total). The buyer must honor the existing management company’s lease, which has a potential income of around $6,000.

Location

Florida • MADEIRA BEACH • 33708 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1953
Lot:
0.16 Acres
Heating:
Electric
Price/sqft:
$449
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$574,495
$335K – $770K
Confidence Low
List vs. estimate
$315K above estimate
List $890,000 · +54.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$449
+5.7% vs. city median $425
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,824
2024
Garage
1 car garage
All facts and features

  • Heating

    • Electric

    Cooling

    • Wall/Window Unit(s)

    Other interior features

    • Living Room/Dining Room Combo

    Bedrooms and bathrooms

    • Bedrooms: 7

  • Property

    • Exterior Features: Balcony / Sliding Doors

    Lot

    • Lot: 0.16 Acres

    Other Property Information

    • Parcel Number: 153115432900000010

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Available

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $10,825

  • Source details

    • MLS ID: TB8431677

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: In Garage

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1980

    • Water Source: Public

    • Lot Size Dimensions: 60 x 115

    • Subdivision Name: ISLAND ESTATES UNIT 1 SEC A

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33708
388
median $647K
Active
Same city
MADEIRA BEACH
160
median $799K
Active
Same type
Multi-family
10
median $905K
Active
Similar price
$623K – $1.2M
65
median $837K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BUXTON PROPERTIES INC