Under Construction. Capture the final opportunity to own at Azul Townhomes condominium in Madeira Beach. This stunning 5-bedroom, 4-bath, 2, 800 sq. ft. residence is a rare find, legally allowing highly profitable short-term rentals (daily, nightly, or weekly) or serving as a perfect primary or vacation home. Located just steps from beach access, it features a rooftop terrace designed for entertaining, with space for a hot tub and wet bar, along with a private 2+ car garage and access to a community pool. Investment potential is unmatched, with third-party projections estimating nearly $200K in annual rental income. To make this an even better opportunity, a rate buy-down and furniture credit are available for a limited time. Cost segregation benefits allow for significant tax advantages, and DSCR financing makes approval quick and easy by considering projected cash flow. Fully furnished and rental-ready, this property is also ideal for a 1031 exchange. Dont waitthis is the last unit available at Azul Townhomes, and it wont last long!
Property Features
Bedrooms
- Bedrooms: 5
- Primary Bedroom Dimensions: 19 x 15
- Primary Bedroom Level: Third
Other Rooms
- Total Rooms: 3
- Living Room Dimensions: 10 x 18
- Living Room Level: Second
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Interior Features
- Split Bedroom
- Walk-In Closet(s)
- Flooring: Ceramic Tile, Tile
Appliances
- Dishwasher
- Electric Water Heater
- Microwave
- Range
- Refrigerator
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central, Electric
Kitchen and Dining
- Kitchen Dimensions: 14 x 11
- Kitchen Level: Second
Exterior and Lot Features
Manufactured and Mobile Info
Garage and Parking
- Attached Garage: Yes
- Garage Spaces: 3
- Parking Features: Garage Door Opener, Tandem, Under Building
Land Info
- Lot Size Acres: 0.1178604
- Lot Size Square Feet: 5134
Homeowners Association
- Association: Yes
- Association Amenities: Pool, Sauna
- Association Fee Frequency: Monthly
- Association Fee Includes: Pool, Maintenance Grounds, Sewer, Trash, Water
- Calculated Total Monthly Association Fees: 1395
- Association Name: Azul Townhomes
- Pets Allowed: Yes
Rental Info
- Lease Term: Minimum Lease: No Minimum
Amenities and Community Features
Other Property Info
- Annual Tax Amount: 11169
- Source Listing Status: Active
- County: Pinellas
- Directions: From the Tom Stuart causeway/150th Ave and Gulf Blvd, head North and the parcel will be on the Right side - 15405 Gulf
- Tax Year: 2021
- Ownership: Fee Simple
- Source Property Type: Residential
- Area: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
- Property Subtype: townhouse
- Source Neighborhood: LONE PALM BEACH
- Parcel Number: 15405 GULF BLVD # B1
- Subdivision: LONE PALM BEACH
- Township: 31
- Property Features: Condo Fees: 1395 Monthly
- Property Subtype: Townhouse
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 2706
- Year Built: 2025
- Builder Name: Beach Builders
- Building Name: B
- Construction Materials: Block, Cement Siding, Concrete, Metal Frame, Stucco
- Direction Faces: South
- Foundation Details: Slab
- Levels: Three Or More
- New Construction: Yes
- Property Condition: Under Construction
- Roof: Concrete
Utilities
- Sewer: Public Sewer
- Cable Available
- Electricity Connected
- Phone Available
- Public
- Sewer Connected
- Water Connected
- Water Source: Public