13015 Pelican LANE, Madeira Beach, FL, 33708 | $4,395,000

Pre-Construction. To be built. Lot 25, with sister property under construction next door on Lot 24. Introducing an unparalleled coastal ownership experience, this 4 story plus double rooftop waterfront property offers unique zoning, allowing it to serve as an exquisite primary residence or a legally sanctioned short-term vacation rental allowing you to host lucrative nightly weekly or longer term stays. This is the ideal vacation property for hosting large or multiple families, corporate retreats, wedding parties, and more, it surpasses the experience of traditional accommodations, providing unmatched convenience, value and luxury.
Crafted as a fortress and built to commercial construction codes with poured concrete floors and roof and steel trusses, and hurricane impact windows and doors, this single-family residence stands well above the FEMA flood zone, boasting almost 7000 sq ft of luxury living space, including 4600 sq ft of air-conditioned comfort along with a private pool & hot tub, double rooftop terraces, a 5 stop elevator offering simple transitions from floor to floor with lavish appointments. This home redefines upscale vacationing, offering panoramic views of the Gulf of Mexico, Boca Ciega Bay, and the Florida coastlines.
With 9 bedrooms and 8. 5 baths, this home offers flexibility, with some rooms easily adaptable to become a game room, theater, or chilled wine room should you choose to not maximize with 9 bedrooms, inspiration photos shown. As priced it is a 9 bedroom 8. 5 bath residence. Situated in the heart of John's Pass Village, a hub of activity with millions of annual visitors, 120+ stores, bars, restaurants, watersports, tiki boat tours, pirate cruises, dolphins tours, fishing charters, parasails, jet ski and boat rentals are mere steps away. Nestled in a tranquil harbor teeming with sea life, including dolphins and manatees, the rental slips behind the homes do not convey yet offer unrivaled access to water activities and excursions for owners and guests. .
The ground level is all about entertaining with a spacious covered lanai and area for an outdoor bbq area and pool, spa. The first living level delivers an outstanding chef’s kitchen with double quartz waterfall islands, top-of-the-line appliances overlooking the waterfront dining area, family room and patios. The first living level also features 2 ensuite guest bedrooms, powder bath and expansive entertaining deck. A 5-stop elevator assures easy transition from floor to floor. The second level offers 4 bedrooms - 2 ensuite bedrooms and 2 with a luxury Jack and Jill. The third level boasts an impressive primary suite which offers large sliders to an expansive terrace to gaze at the Johns Pass Sandbar and Boca Ciega Bay. 3 additional bedrooms which could be converted into an office, media room, chilled wine room, game room or whatever else you could imagine. . On the 5th floor you will find 2 expansive rooftop terraces offering over 1, 600 SF, stunning beach vistas and captivating sunsets and sunrises.

As an investment, it satisfies all desires with 3rd party projected annual income projections from Resort Rentals around the $500k range and potential for appreciation and significant cost segregation depreciation tax benefits. Whether seeking a dream vacation retreat, unique primary residence, or a savvy investment opportunity, this waterfront masterpiece offers the ultimate in coastal living and vacationing. Be one of the fortunate few. Land can be purchased separately.

Features

  • Elevator: Y
  • Rooms: 3
  • Bedrooms: 9
  • Baths: 8 full / 1 half
  • Lot Size: 40 x 115
  • Laundry: Other
  • Year Built: 2023
  • Garage: Driveway, Ground Level, Tandem
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 4,600
  • Acreage: 0.21
  • Lot Size: 40 x 115
  • Est. Taxes: $22,000
  • Elem. School: Orange Grove Elementary-PN
  • Middle School: Seminole Middle-PN
  • High School: Seminole High-PN
  • Pool: In Ground
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Electric Water Heater, Microwave, Refrigerator
  • MLS#: U8237381
  • Days on Market: 5 days
  • Website: https://www.raveis.com
    /eprop/U8237381/13015pelicanlane_madeirabeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 6/2/2024 10:05:49 PM)

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13015 Pelican LANE, Madeira Beach, FL, 33708

$4,395,000

Nicole Vargas

William Raveis Real Estate

Phone: 978.995.0316

Nicole.Vargas@raveis.com

Joanne O'Keefe

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.314.1072

Joanne.OKeefe@raveis.com

NMLS Mortgage Loan Originator ID 38342

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,516,000 $3,516,000 $3,516,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.128% 7.061%
Monthly Tax Payment $1,833 $1,833 $1,833
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $23,688 $23,392 $31,358
Total Monthly Payment $25,646 $25,350 $33,316

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.