525 Johns Pass Ave Madeira Beach FL 33708 MLS U8252611

$1,450,000

Reduced By $200,000
last change 11/3/2024

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Home Description: 525 Johns Pass Ave

$200,000 price drop! Seller’s loss is your gain even though this house suffered a mere fraction of that amount in damage with Hurricane Helene! This house is habitable now and with a few dollars and a few days it can be repaired and offered into the local rental market for anyone who needs to stay locally while their home undergoes repairs, or as a remodel for yourself. Either way it is a fantastic investment. While the house had never come close to flooding in over 60 years, it did sustain very low-level flooding from Hurricane Helene. The damage was minimal and all within the realm of that which would be replaced during a remodel. Despite being described as a tri-level home, this house has four levels and only had water on the ground floor over minimal square footage consisting of a lower living room, pool bath, foyer, garage, and a crawl space. More importantly, the lower level is all concrete block with plaster walls and terrazzo or tile floors (no drywall). The other 3 levels…dining room, kitchen/family room, 3 bedrooms, and two bathrooms were all untouched. Thus, the house can be occupied during any remodel/repairs. Although the owners could make repairs, they are choosing to be transparent and show the house “as is” in order to allow a buyer to see what happened and what’s needed, rather than covering it up. Also, Hurricane Milton was no match for this house with a full set of hurricane shutters on every opening, and he did no damage. So, don't miss your chance to transform this waterfront property into your very own slice of paradise or an income producing investment! This property offers a spacious 70x120 ft lot on Crystal Island in Madeira Beach with breathtaking views of Boca Ciega Bay (no looking across a canal at your neighbor’s backyard here!) This house has a charming mid-century feel with 3 bedrooms & 3 bathrooms in a multi-level layout, including that rare lower-level room with views of the pool, yard, and waterfront! The possibilities are endless for the lower floor to serve as a cozy family room with its fireplace, a second master suite, or a game room, with sliding glass doors leading to the poolside patio. The kitchen is spacious with a large attached area for dining-in or use as a family room. There’s also another dining room, too! The kitchen features wraparound, floor-to-ceiling windows and a large deck to take in the amazing water views. The 70' of waterfront provides a large backyard but still gives you that privacy feeling despite being on the gorgeous open water with unobstructed views of the bay, the Intracoastal Waterway, mangrove islands and gorgeous sunrises & moonrises. For boating enthusiasts, the home is a few-minute boat ride to the Gulf of Mexico and close to everything the beaches have to offer. Or, stay home and relax in the gorgeous salt-water pool that features a hot tub and waterfall, as well as being built to be low-maintenance with an in-floor cleaning system. Your boat also will be conveniently stationed on the 10k lb lift, with new pilings, in your backyard and ready for adventure at a moment’s notice. Overall, this home offers a firm foundation for transforming it into your waterfront dream or investment, with upgraded electric panel, new sewer main, newer seawall, new flat roof and a full complement of hurricane shutters for added protection. Whether you're into boating, fishing, or simply enjoying the surrounding natural beauty, this location has it all.