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12955 PELICAN LANE

Multi-family For Sale
$2,990,000

BTC: 99.66666667

ETH: 1,495.00000000

155 days
Waterfront
11 bds
4,022 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

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

Facts and features

Type:
Residential Income
Parking:
Assigned / Guest / Off Street
Year Built:
1957
Lot:
0.15 Acres
Heating:
Central
Price/sqft:
$743
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Flooring

    • Ceramic Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Eating Space In Kitchen

    • Living Room/Dining Room Combo

    • Solid Wood Cabinets

    • Stone Counters

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 11

  • Parking

    • Assigned

    • Guest

    • Off Street

    Property

    • Exterior Features: Balcony / Courtyard / Fenced / Irrigation System / Sliding Doors / Storage

    Lot

    • Lot: 0.15 Acres

    Other Property Information

    • Parcel Number: 153115978300000360

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Cable Available

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $29,650

  • Source details

    • MLS ID: TB8399312

    Other facts

    • Construction Materials: Block / Concrete

    • Foundation Details: Slab

    • Laundry Features: Inside / Laundry Room

    • Lot Features: Flood Insurance Required / FloodZone / City Lot / Landscaped / Near Marina / Near Public Transit

    • Patio And Porch Features: Patio

    • Other Structures: Storage

    • Waterfront: Yes

    • Living Area: 4022

    • Water Source: Public

    • Lot Size Dimensions: 49 x 122

    • Subdivision Name: WILLIAMS BILL MADEIRA HARBOR SUB 1ST ADD

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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 ©2025-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: ENGEL & VOLKERS MADEIRA BEACH