Investor & Developer Alert! This rare Madeira Beach triplex + adjacent lot presents an incredible value add or redevelopment opportunity on a large corner lot just steps from the water. Featuring a 3/2 upstairs with water views, plus a 2/1 and 1/1 downstairs, this property offers multiple income streams and high rental demand in a sought after beach community. While the downstairs units were impacted by recent storms, the upstairs remains intact, providing an immediate rental option while you plan your next move. Whether you renovate, hold for cash flow, or redevelop, the potential is limitless. The included extra lot with parking and a 2 car garage adds even more value, making this a prime opportunity for expansion or new construction in a high growth area. Additionally, short term seasonal rentals (3 month minimum) are allowed, making this an excellent option for snowbirds and vacation renters looking for extended stays. Located in the heart of Madeira Beach, a top destination for tourists and locals alike, this property offers unmatched privacy with a lush tree lined courtyard while being moments from Johns Pass, pristine beaches, and entertainment. Unique properties like this dont lastseize the opportunity today!