12955 Pelican Lane, MADEIRA BEACH, FL

$2,990,000

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11

Beds

6

Baths

4,022

Square feet

0.15

Acres

About 12955 Pelican Lane

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.

Features of 12955 Pelican Lane

MLS® # TB8399312
Price $2,990,000
Bedrooms 11
Bathrooms 6.00
Square Footage 4,022
Acres 0.15
Year Built 1957
Type Residential Income
Sub-Type Multi Family
Status Active

Community Information

Address 12955 Pelican Lane
Area St Pete/Madeira Bch/N Redington Bch/Shores
Subdivision WILLIAMS BILL MADEIRA HARBOR SUB 1ST ADD
City MADEIRA BEACH
County Pinellas
State FL
Zip Code 33708-2679

Amenities

Parking Assigned, Guest, Off Street
View Water
Is Waterfront Yes
Waterfront Intracoastal Waterway
Has Pool No

Interior

Interior Features Eating Space In Kitchen, Living Room/Dining Room Combo, Solid Wood Cabinets, Stone Counters, Thermostat
Appliances Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Heating Central
Cooling Central Air
Fireplace No

Exterior

Exterior Features Balcony, Courtyard, Fenced, Irrigation System, Sliding Doors, Storage
Lot Description Flood Insurance Required, FloodZone, City Lot, Landscaped, Near Marina, Near Public Transit
Roof Shingle
Foundation Slab

Additional Information

Date Listed July 2nd, 2025
Days on Market 93
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeENGEL & VOLKERS MADEIRA BEACH

Listing Map

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