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$560,000

Beds
3
Baths
2.0
sq ft
1,404

256 144th Ave, Madeira Beach, FL 33708

256 144th Ave

MADEIRA BEACH, FL 33708

  • 1 day on market
Rare Multi-Family Corner Lot in Madeira Beach – Prime Redevelopment Opportunity! 256 144th St, Madeira Beach, FL – A unique and highly desirable multi-family zoned lot (duplex, triplex, or fourplex) in the heart of Madeira Beach! This corner lot boasts generous 81x70 dimensions, making it larger than most in the area—offering ample space for your dream build. While the existing structure sustained damage during Hurricane Milton, the true value lies in the limitless potential of this rare lot. With only a handful of multi-family zoned properties available in Madeira Beach, this is a golden opportunity for investors, builders, or anyone looking to create a stunning beachside retreat. Located just steps from the Gulf of Mexico, this property is within walking distance of sandy shores, waterfront dining, shopping, and marinas—an ideal location for both residents and vacationers alike. For illustration purposes only, we have attached a conceptual rendering showcasing one potential development option. Please note that this design has not yet been approved by the city and is provided solely for inspiration. Property Highlights: - Rare multi-family zoning (duplex, triplex, or fourplex) - Prime corner lot – larger than most (81x70) - Exceptional redevelopment potential - Steps from the beach and local attractions - One of the few remaining multi-family lots in Madeira Beach Seize this rare chance to build your vision in one of Florida’s most sought-after coastal communities! Contact us today for more details.

Details

Property type

Single Family Residence

Lot size

5,672 sq ft

Price per sq ft

$399

Year built

1950

Annual property taxes

$7,456

HOA

No

Price History

03/08/2025
StellarMLS

StellarMLS #A4643735

Listed
$560,000
-8.94%
09/13/2024
StellarMLS

StellarMLS #U8238063

Removed
$615,000
08/30/2024
StellarMLS

StellarMLS #U8238063

Price change
$615,000
-1.6%

Schools & Community

Elementary school: 

Orange Grove Elementary-PN

Middle school: 

Madeira Beach Middle-PN

High school: 

Seminole High-PN

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Velocity Commerical Capital Llc

Loan start date

November 2021

Original loan amount

$728,000

Est. remaining balance

Not provided

Interest rate

3.01%

Loan type

Commercial

Seller

Melissa Penrose

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/09/2025 at 9:50 PM

Listing updated: 03/09/2025 at 8:02 PM

Listed by: Sophia Kramedas-Ghanayem, KW SUNCOAST Phone #: (941) 792-2000

MLS: StellarMLS #A4643735

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