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12955 Pelican Lane

Madeira Beach, FL 33708

11 beds
6 baths
4,022 sqft
6,395 sqft lot
$743 per sqft
1957 build
– on site

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 day-to-day operations seamless and ideal for remote management or self-check-in. The three-bedroom unit adds unique flexibility—perfect for an owner-operator, seasonal resident manager, or Airbnb host running the property remotely. A separate utility room houses a washer and dryer for guest use or if self managed to wash during turn over. Location is everything, and this property places guests within walking distance to John's Pass Village, a vibrant hub for shopping, waterfront dining, bars, live music, fishing charters, jet ski rentals, dolphin cruises, and more. With over 100 merchants, John's Pass is one of the most visited attractions on Florida’s Gulf Coast, drawing more than 2 million visitors annually. Whether your guests are beach lovers, foodies, or adventure seekers, this one-of-a-kind property is ideally situated for them to enjoy the very best of Florida's Gulf Coast. Don’t miss this rare chance to own a fully licensed, turn-key hospitality business in one of Tampa Bay’s most desirable waterfront destinations.

Listing courtesy of STELLAR_MLS / ENGEL & VOLKERS MADEIRA BEACH

Last checked: Checking… • Last updated Jul 8, 2025 •

MLS# TB8399312 —

The Building

Year Built:

1957
New Construction:

false
Construction Materials:

Block
Roof:

Shingle
Foundation Details:

Slab
Patio And Porch Features:

Patio
# of Buildings:

1
Building Area Total:

4022
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Eating Space In Kitchen
Furnished:

Furnished
Flooring:

Ceramic Tile
Additional Rooms:

Inside Utility
Fireplace:

false

Room Dimensions

Living Area:

4022
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Gulf Blvd South, left onto 131st Ave E., Right onto Pelican Ln. Follow down to Belle Vista on left.
Latitude:

27.786627
Longitude:

-82.782204
Coordinates:

-82.782204, 27.786627

The Property

Parcel Number:

153115978300000360
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Features:

Flood Insurance Required
Lot Size Acres:

0.15
Lot Size Area:

6395
Lot Size SqFt:

6395
Lot Size Dimensions:

49 x 122
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
View:

Water
View:

true
Exterior Features:

Balcony
Water Source:

Public
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

AE
Additional Parcels:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

36
Tax Legal Description:

WILLIAM'S, BILL MADEIRA HARBOR SUB 1ST ADD LOT 36 & RIP RTS
Tax Book Number:

25-67
Tax Annual Amount:

$29,649.58

Beds

Bedrooms Total:

11

Baths

Total Baths:

6

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Appliances

Appliances:

Dryer
Laundry Features:

Inside

The Community

Subdivision Name:

WILLIAMS BILL MADEIRA HARBOR SUB 1ST ADD
Senior Community:

false
Waterview:

Intracoastal Waterway
Waterview:

true
Water Access:

Intracoastal Waterway
Water Access:

true
Water Extras:

Bridges - No Fixed Bridges
Waterfront:

true
Waterfront Features:

Intracoastal Waterway
Pool Private:

false
Association:

false
Association Fee Requirement:

None
Ownership:

Fee Simple
Association Approval Required:

false
Waterfront Feet Total:

49

Parking

Garage:

false
Carport:

false
Parking Features:

Assigned

Extra Units

Other Structures:

Storage
# of Units Total:

5

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/2/25 Jul 2, 2025	Listed / Active	STELLAR_MLS	$2,990,000	492.1% (47.1% / YR)
1/21/15 Jan 21, 2015		STELLAR_MLS	$505,000

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This multifamily located in Mitchell's Beach, Madeira Beach, FL 33708 is currently for sale for $2,990,000. 12955 Pelican Lane is a 4,022 square foot multifamily with 11 beds and 6 baths that has been on Estately for 14 days. 12955 Pelican Lane is in the Mitchell's Beach neighborhood of Madeira Beach and has a WalkScore® of 63, making it somewhat walkable. This multifamily is in the attendance area of Seminole High School, Orange Grove Elementary School, and Seminole Middle School.

Listing Courtesy of: STELLAR_MLS and ENGEL & VOLKERS MADEIRA BEACH.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.