14204 E PARSLEY DRIVE at

14204 E PARSLEY DRIVE

$455,000

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Overview

0.16 acres

Property Description

Under contract-accepting backup offers. Short Sale. Madeira Beach Multifamily Investment Lot – 14204 E Parsley Drive An exceptional opportunity for builders and investors to capitalize on Madeira Beach’s thriving coastal real estate market. The lot currently hosts a flood-damaged duplex that, under FEMA’s 50% Rule, must be demolished, making this a prime site for new construction multifamily development. With options to build luxury duplex or triplex residences, the property offers multiple exit strategies: hold as long-term rentals, operate as income-producing seasonal units, or design vacation rentals for short-term stays (minimums apply). Located directly across from an undeveloped parking lot, the site enjoys clear, protected Intracoastal Waterway views that will set any new build apart in this competitive market. Just blocks from Madeira Beach’s award-winning shoreline, John’s Pass Village & Boardwalk, ROC Park, waterfront dining, and boating amenities, this address guarantees consistent rental demand and lifestyle appeal. Future residents or guests will enjoy quick access to Treasure Island, Indian Rocks, Seminole shopping corridors, and downtown St. Pete’s cultural attractions, with two international airports less than 40 minutes away. Investors benefit from strong appreciation, short supply of buildable lots, and the ability to deliver a turnkey income property in a highly sought-after Gulf Coast location.

Property Details

MLS#

TB8430496

Address

14204 PARSLEY E

City

MADEIRA BEACH

State/county

Zip/Postal Code

33708

Area

Gulf Shores 6th Add Rep

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$3,806

Maint Fee

$--

Tax Year

2024

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