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$2,195,000

Beds
3
Baths
3.5
sq ft
3,451

410 140th Ave E, Madeira Beach, FL 33708

410 140th Ave E

MADEIRA BEACH, FL 33708

  • 68 days on market
    • Price drop $500,000↓
MOVE-IN READY NOW WATERFRONT ELEVATED COASTAL DREAM WITH OVERSIZED POOL – A BEACH PARADISE WITH GENERATIONAL LIVING POTENTIAL! If you’re considering rebuilding or new construction, expect a 1-3 year timeline—but why wait? This home is ready for immediate enjoyment and offers significant investment potential. This incredible 3-story elevated home, located just four blocks from the pristine white sands of Madeira Beach, combines luxurious coastal living with practicality and ample space. With a permitted new addition nearing completion, this property will soon boast 3,564 total square feet of versatile living space, making it perfect for multi-generational families. Move-in ready now (minus the addition), there is no need to wait for permits or construction. This home offers an unparalleled opportunity to enjoy coastal living immediately. The thoughtfully designed expansion includes an additional master bedroom with an en suite bathroom, private balcony, extra storage, additional living area, and a new laundry room. Built in 1983, the home already features two large primary suites with private en suite bathrooms, walk-in closets, and private balconies offering breathtaking views. The spacious, updated kitchen is filled with natural light, making it a delightful space to cook and gather. The living room, with its sliding glass doors, provides a cozy retreat with stunning views of the bay. A flexible bottom-floor bonus room adds even more versatility, suitable as an office, den, or additional guest room. The existing 570-square-foot garage, combined with the addition, offers extra covered parking and enclosed storage. Situated on an oversized 13,190-square-foot lot and surrounded by tropical landscaping, the property offers privacy and tranquility. The large pool, complete with paver decking and elevated seating areas, creates the perfect space for relaxation or entertaining. Boating enthusiasts will appreciate the composite dock and jet ski lift, completed in 2023 and capable of housing a pontoon boat. Enjoy direct water access for kayaking, paddleboarding, jet skiing, fishing, or a quick boat ride to the Gulf through Johns Pass Inlet. From your private dock, you can marvel at daily sightings of dolphins, occasional manatees, and breathtaking sunsets. Located just one mile from the famous Johns Pass Village, the home offers easy access to vibrant shopping and dining. This elevated coastal dream truly embodies the ultimate beach lifestyle. If you’re considering rebuilding or new construction, expect a 1-3 year timeline—but why wait? This home is ready for immediate enjoyment and offers significant investment potential. Schedule your private showing today and make your coastal living dreams a reality!

Details

Property type

Single Family Residence

Est. home value

$1,323,313

Lot size

0.3 acres

Price per sq ft

$637

Year built

1983

Annual property taxes

$11,399

HOA

No

Price History

02/02/2025
StellarMLS

StellarMLS #TB8328776

Price change
$2,195,000
-18.55%
12/17/2024
StellarMLS

StellarMLS #TB8328776

Listed
$2,695,000
+302.66%
07/07/2020
StellarMLS

StellarMLS #U8055269

Sold
$669,300

Schools & Community

Elementary school: 

Orange Grove Elementary-PN

Middle school: 

Seminole Middle-PN

High school: 

Seminole High-PN

Negotiation Insights

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

Seller could get up to

$1,552,310
Asking price
$2,195,000
Closing costs (~8% of asking)
-$175,600
Est. remaining loan balance
-$467,090
Cash to seller
$1,552,310

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Amerifirst Financial Corp

Loan start date

July 2020

Original loan amount

$517,545

Est. remaining balance

$467,090

Interest rate

3.24%

Loan type

VA, 30 year

Seller

Theresa Jan Nelson

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?

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Status: Active

Tomo last checked: 02/23/2025 at 3:45 AM

Listing updated: 02/04/2025 at 11:51 AM

Listed by: Kristin Leon, COASTAL PROPERTIES GROUP INTERNATIONAL Phone #: (727) 493-1555

MLS: StellarMLS #TB8328776

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