12955 Pelican Lane, Madeira Beach, FL 33708

Local realty services provided by:Gulf Shores Realty ERA Powered
12955 Pelican Lane,Madeira Beach, FL 33708
$2,990,000
  • 11 Beds
  • 6 Baths
  • 4,022 sq. ft.
  • Multi-family
  • Active
Listed by:evan pedone
Office:engel & volkers madeira beach
MLS#:TB8399312
Source:MFRMLS

Price summary

  • Price:$2,990,000
  • Price per sq. ft.:$743.41

About this home

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

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Home facts

  • Year built:1957
  • Listing ID #:TB8399312
  • Added:93 day(s) ago
  • Updated:October 04, 2025 at 11:57 AM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:6
  • Living area:4,022 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1957
  • Building area:4,022 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Public, Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$2,990,000
  • Price per sq. ft.:$743.41
  • Tax amount:$29,650 (2024)
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