The Beach Club at Madeira will consist of 12 condominiums offering more than 3,000 square feet of living space in an open floor plan. The project is targeted for completion in a year.
MADEIRA BEACH – Construction of a new 12-unit condominium project at 14010 Gulf Blvd., is scheduled to get underway soon in Madeira Beach.
Steve Page, president of the Page Co. LLC, said demolition of the Surfs Inn Motel would begin in about 30 days to make way for the new Beach Club of Madeira. The project is targeted for completion in 11 to 12 months.
“The big story is this is something new,” said Page. “It’s the first new (residential) construction in some time on the beaches.”
The project is the third to get off the ground in recent months in Madeira Beach.
The first, the Marriott Courtside hotel on American Legion Drive, which Page is also constructing, broke ground on July 2 and the new Gulf Grill, 14080 Gulf Blvd., had a groundbreaking on Sept. 9.
BCTM Group LLC, which Page also owns, purchased the Surfs Inn Motel in December 2005 for $6.9 million. Plans were to develop the site at that time but when the economy went south, Page put his plans on hold.
“About eight to nine months ago we decided the timing was right,” he said.
The Beach Club of Madeira will front on 260 feet of beachfront property. Page said eight of the 12 units have already been sold.
The price range, depending on location, is $1.1 million to $1.3 million.
“It’s good pricing,” said Page. “If these were built a few years ago they would have been in the $2 million to $3 million range.
Each unit features 3,034 square feet in an open floor plan with a master bedroom and great room on the beach side. The layout includes three bedrooms, a kitchen with an island, master bedroom with two walk-in closets, a den and study in the center of the unit and a 43-foot wide balcony.
Parking is in an enclosed garage under the building. Outside amenities include cabanas, a swimming pool and spa.
Evelyn Page, president of Beach and Bay Realty, is marketing the site. For more information, call 595-0366.