701 S MADISON AVENUE UNIT 505

$149,900

$237/sq ft

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Overview

Bedroom

1

Bath

1

Year Built

1985

Sqft

633

Property Type

Condominium

Property Description

One or more photo(s) has been virtually staged. Clearwater Beach Investment Gem – Airbnb/VRBO Ready! Just 10 minutes from the world-famous #1 Rated Clearwater Beach, this updated 1-bedroom, 1-bath condo offers the ideal mix of lifestyle and income potential. Whether you're looking for a personal beach retreat or a high-performing rental asset, this one delivers. Inside, you’ll find New Luxury Vinyl plank floors, granite kitchen countertops, a spacious layout, and in-unit laundry—all designed for comfort and convenience. The generously sized bedroom includes a walk-in closet, and recent upgrades like a new 2025 HVAC system means fewer maintenance worries. Set in a resort style gated community with lakeside views, enjoy access to a sparkling outdoor pool, a full gym, and a recreation room perfect for hosting private events. LOW HOA fee of $300/month includes: water, sewer, trash, and security entry keeping ownership simple and cost-effective. Airbnb & VRBO Ready: This condo is ready to set up for short-term rentals, with comparable units consistently earning $1,500–$1,600/month and never vacant. Whether you go long-term or list it on Airbnb or VRBO, the returns are excellent! CAP Rate Potential: 8-10%+ With a list price of $149,900 and strong rental history, this property is ideal for investors seeking cash flow near the coast. Located just minutes from Downtown Clearwater and 30 minutes from both Tampa International Airport and Downtown St. Pete—this central location makes it highly desirable for vacationers and snowbirds alike. Don’t miss this chance to own a proven income property near Florida’s top-ranked beach. Schedule your showing today and start generating revenue from day one! Seller financing available with sizable down payment* PASSED MILESTONE*

Property Details

MLS#

TB8395553

Total Floor in Bldg

5

Address

701 MADISON S

City

Clearwater

State/county

FL

Zip/Postal Code

33756

Area

Lakeside Crossing Condo

Country

United States

HOA

Yes

Assoc Fee

$300

Assoc Fee Pd

Monthly

Tax Amount

$1,498

Maint Fee

$--

Tax Year

2024

Cooktop

Dishwasher

Disposal

Dryer

Range

Range Hood

Refrigerator

Washer

City

Water

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Boris Gelfand