$2,990,000

12955 PELICAN LANE, Madeira Beach, FL 33708

  • 11 beds |
  • 6 baths |
  • 4,022 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1957
  • Property Lot Size Icon6,534sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $743/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Discover a rare investment opportunity with this waterfront, 5-unit licensed hotel, just steps from the iconic John's Pass Village & Boardwalk and directly across the street from the sugar-white sands of Madeira Beach. Recently refreshed with new furniture in 2025, this turn-key property offers immediate income potential and year-round appeal for both vacationers and long-term guests. Privately nestled in a lush, tropical setting, the property includes four 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit—a rare find in this area. Each unit features an individual electric meter, fully furnished, and equipped with full kitchens for a home-away-from-home experience. Guests will appreciate designated parking spaces - seven in total for assigned and guest parking- a serene paver patios, and a private dock with electricity and water—perfect for boaters or simply enjoying sunsets on the Intracoastal Waterway. The property is outfitted with electronic door locks, making day-to-day operations seamless and ideal for remote management or self-check-in. The three-bedroom unit adds unique flexibility—perfect for an owner-operator, seasonal resident manager, or Airbnb host running the property remotely. A separate utility room houses a washer and dryer for guest use or if self managed to wash during turn over. Location is everything, and this property places guests within walking distance to John's Pass Village, a vibrant hub for shopping, waterfront dining, bars, live music, fishing charters, jet ski rentals, dolphin cruises, and more. With over 100 merchants, John's Pass is one of the most visited attractions on Florida’s Gulf Coast, drawing more than 2 million visitors annually. Whether your guests are beach lovers, foodies, or adventure seekers, this one-of-a-kind property is ideally situated for them to enjoy the very best of Florida's Gulf Coast. Don’t miss this rare chance to own a fully licensed, turn-key hospitality business in one of Tampa Bay’s most desirable waterfront destinations.

Listing Status:
Active
Date Added:
July 2, 2025 at 05:00AM
Listing Office:
ENGEL & VOLKERS MADEIRA BEACH : 727-394-7365
Listing Agent:
Evan Pedone : 727-459-5543
MLS ID:
TB8399312
  • General: Eating Space In KitchenLiving Room/Dining Room ComboSolid Wood CabinetsStone CountersThermostat
  • Rooms: Inside Utility
  • Appliances: DryerElectric Water HeaterMicrowaveRangeRefrigeratorWasher
  • Laundry: InsideLaundry Room
  • Flooring: Ceramic Tile
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Evan Pedone, ENGEL & VOLKERS MADEIRA BEACH

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  â€ 
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

M

Madeira Beach Fundamental K-8

591 Tom Stuart Cswy, Saint Petersburg, FL, 33708

Grades KG-8

1.60 miles away

M

Madeira Beach Fundamental K-8

591 Tom Stuart Cswy, Saint Petersburg, FL, 33708

Grades KG-8

1.60 miles away

S

St. Petersburg Collegiate High School

6605 5th Ave N, Saint Petersburg, FL, 33710

Grades 10-12

3.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.