Madeira Beach Video Tour And Sold Homes Price Review

Saturday was a stormy day in Pinellas.  I wanted to film Madeira Beach on a sunny day and possibly write a few condominiums reviews, but due to weather we ended up filming some waterfront homes, mostly from our car.  See sold prices review below.  In the video you will also see a popular local spot called John’s Pass.  Tourists love it because here you can find multiple dining places, gift shops, beach attire stores and jetski/boat rentals.  If you are on vacation or even live locally and love to fish, there are several fishing charter services available at the dock.  You can choose to go on a larger boat for a half of whole day of fishing.  A couple years back I caught quite a bit of gray snapper on a half day trip.  One thing I definitely enjoyed is that your fish can be filleted and cooked to order at a dockside restaurant as soon as you get of the boat.  Now, that’s service!

Madeira Beach, FL is a home to around 4,300 residents.  However, thousands of tourists come here on vacation yearly.  It’s a paradise for fishermen because of proximity to John’s Pass and direct access to the Gulf of Mexico.  At the same time you can find some of the most affordable waterfront housing in Madeira Beach.  When in places like neighboring Treasure Island, St. Pete Beach and even Redingtons many old homes have been replaced by newer construction, you can still find older 60s, 50s and even 40s and 30s homes that are still standing in Madeira Beach.  Often they can be bought for a bargain price (for a beach location that is).

A quick MLS price review and sales history gave me these numbers:

Single family homes. 

Waterfronts in the past 6 months sold within price range of $158-340/sq.ft, with average of $231/sq.ft with 17 homes sold in that category, and in the past 12 months – 31 homes.

Non-waterfront homes in the same time period sold in range of $88-241/sq.ft, with average of $146/sq/ft. In the past 6 months only 5 homes sold in that category. In the past 12 months – 18 homes.

Condominiums, townhomes, condo-hotels.

It’s harder to identify the price correctly when selling such properties as there are many variations of layouts, water views, floor levels, amenities and so on.  But sold numbers speak for themselves.  101 – is a total number of units sold in the past 12 months. Here are the categories:

Waterfronts sold in range of $108-400/sq.ft, with average of $253/sq.ft. That is in the last 12 months, and 84 units were sold in that timeframe. 17 of them were condos at Bellearte on the Gulf. In the past 6 months 45 units were sold in that category with range of $108-383/sq.ft and average sold price of $258/sq.ft.

Non-waterfronts sold in range of $85-225/sq.ft averaging at $139/sq.ft with 10 units sold in the last 6 months. Within last 12 months 17 units were sold and the sold price range was $85-251/sq.ft with average at $144/sq.ft.
In the last 6 months Madeira Beach properties sold as high as $1,350,000 and as low as $41,000. But majority of homes sold in $200’s, $300’s and $400’s.

How did your neighborhood do in the last 6 months?  Let us know if you want us to research your area and give you some numbers. We are here for you.

Tampa Bay Real Estate Blog by The HOME Team. St Pete Blog.