Gulf Shores 1st Add Homes with No Deed Restriction Community Extras

Gulf Shores 1st Add Homes with No Deed Restriction Community Extras

Welcome to Gulf Shores 1st Add., a hidden gem nestled in the sun-kissed landscapes of Florida. This charming subdivision is perfect for those seeking a relaxed coastal lifestyle without the constraints of deed restrictions. Imagine living in a community where you have the freedom to truly make your home your own, whether that means adding a personal touch to your property or enjoying the outdoor space to its fullest.

Gulf Shores 1st Add. boasts a delightful mix of homes that cater to various tastes and lifestyles. From cozy beach cottages to more spacious family homes, there's something here for everyone. The community is characterized by its friendly atmosphere and laid-back vibe, making it an ideal spot for families, retirees, and anyone looking to embrace the Florida lifestyle.

One of the standout features of Gulf Shores 1st Add. is its proximity to some of Florida's most beautiful beaches. Imagine waking up to the sound of waves crashing and enjoying your morning coffee with a view of the sparkling Gulf waters. With no deed restrictions, residents have the flexibility to park their boats, RVs, or trailers right at home, making it easy to enjoy all that the great outdoors has to offer.

In addition to its beautiful homes and relaxed regulations, Gulf Shores 1st Add. is conveniently located near shopping, dining, and recreational activities. Whether you're looking for a day of fishing, a round of golf, or a delicious meal at a local restaurant, everything you need is just a short drive away.

Discover the beauty and freedom of Gulf Shores 1st Add. – where your dream home awaits!

Newest Gulf Shores 1st Add Homes with No Deed Restriction Community Extras

$1,300,000
Gulf Shores 1st Add SubDv. 33708 Zip Code
Located in the heart of Madeira Beach, FL, just one block from the Gulf beaches, 14135 Palm Street presents a rare opportunity to acquire a fully updated 5-unit income-producing property in one of the most desirable beach communities along Florida's Gulf Coast. This solid block construction 5-plex consists of five well-designed 1-bedroom, 1-bathroom units with ample on-site parking, offering strong appeal to both long-term and seasonal tenants. What truly sets this property apart is its extensive hurricane-resilient construction and post-storm preparedness improvements. The building successfully withstood the major storms of 2024, demonstrating the quality and durability of the upgrades completed. Improvements include waterproof stucco interior wall systems, durable epoxy flooring throughout, elevated electrical connections, and water-resistant kitchen fixtures designed to minimize future storm vulnerability and maintenance concerns. In addition, the property features a newer roof, and all restoration and improvement work has been fully permitted and completed, providing added confidence for investors and lenders alike. The property offers flexible rental opportunities including annual rentals, seasonal leasing, workforce housing, or furnished beach rentals, creating multiple paths for maximizing income potential. With an attractive CAP rate, investors can benefit from both strong current cash flow and long-term appreciation in a highly supply-constrained beach market. Tenants will enjoy exceptional walkability and convenience. The property is located near Gulf Boulevard with easy access to the Pinellas Suncoast Transit Authority trolley and bus routes connecting residents to surrounding beach communities, downtown St. Petersburg, and area attractions. Nearby shopping, dining, and entertainment options include the popular John's Pass Village & Boardwalk, local restaurants, waterfront bars, grocery stores, marinas, and recreational activities including boating, fishing, and beach access. The location also provides convenient access to Treasure Island, Redington Beach, and the greater Tampa Bay area. This is an outstanding opportunity to own a proven storm-resilient multifamily asset in a premier coastal location with strong rental demand, attractive projected returns, and lasting tenant appeal.

14135 Palm Street, Madeira Beach

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