Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$599,000

For Sale - Active
14180 W Parsley Dr, Madeira Beach, FL 33708
2 Beds
2 Baths
1,650 Square Feet
0.12 Acres Lot
Built in 1950
For Sale - Active
1 Units
Checked: 5 hours ago
Updated: Jun 10, 2025 at 04:56AM

Investment Summary


Monthly Cash Flow
-$476
Cap Rate
5.2%
Cash-on-Cash Return
-4.1%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
0.0%

Property Description


0.12 Acres Lot
Built in 1950
For Sale - Active
1 Units

Prime Waterfront Property – Tear Down Opportunity on Boca Ciega Bay. This is your chance to create the waterfront home of your dreams on a highly sought-after Madeira Beach lot! This is a 5,108 Square feet lot with dimensions of 50 x 108. Located directly on Boca Ciega Bay, this single-family residence was affected by the storm surge from Hurricane Helene and is being sold as a tear down, offering a rare opportunity for new construction in a prime location. Direct Bayfront Access to Enjoy breathtaking sunrises, sunsets, and water views right from your backyard. Ideal for boaters and water enthusiasts, with easy access to the Intracoastal Waterway and Gulf of Mexico. Perfect for designing your custom coastal retreat, with plenty of space for a spacious home, pool, and dock. Prime Location Nestled in a quiet, residential neighborhood of Madeira Beach, you're minutes away from pristine Gulf beaches, local dining, and vibrant shopping options.Tear Down for New Construction The current structure is not habitable due to damage from a recent storm surge, giving you the freedom to start fresh with modern construction designed for today’s lifestyle and up-to-date hurricane standards. Seize this rare chance to build your custom waterfront oasis in a desirable area with stunning bay views. The location alone is a builder’s dream and an opportunity that doesn’t come around often. Sold As-Is. Contact us today to explore the possibilities for your new waterfront construction on beautiful Boca Ciega Bay

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 103115344160260040
  • Lot Size: 5108 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1950

Tax Information

  • Annual Tax: $2,846

Utilities

  • Water & Sewer: Public
  • Heating: Other
  • Cooling: Other

Location

  • County: Pinellas

Listing Details


Listed by:
Jacob Schmidt LLC
CAPSTAR REAL ESTATE LLC
(727) 744-0273

Source:
Stellar MLS
MLS#: TB8313596
Stellar MLS

Investment Summary


Monthly Cash Flow
-$476
Cap Rate
5.2%
Cash-on-Cash Return
-4.1%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
0.0%

Purchase Details

Find an Agent

Purchase price:
$599,000
Amount financed:
-$479,200
Down payment:
$119,800
Closing costs:
$17,970
Rehab costs:
$0
Initial cash invested:
$137,770
Square feet:
1,650
Cost per square foot:
$363
Monthly rent per square foot:
$2.48

Financing Details

Find a Lender

Loan amount:
$479,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,068
Property tax:
$237
Insurance:
$287
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,592

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,100 $49,200
Vacancy loss: (6%)
6% -$246 -$2,952
Operating income:
$3,854 $46,248

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$237-$2,847
Insurance: (7%)
7%-$287-$3,444
Property management: (8%)
8%-$328-$3,936
Repairs & maintenance: (5%)
5%-$205-$2,460
Capital expenditures: (5%)
5%-$205-$2,460
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$1,262-$15,147

Cash Flow


Monthly Yearly
Net operating income:
$2,592 $31,104
Mortgage payments:
-$3,068 -$36,816
Cash flow:
$476 $5,712