$515,000
381 Madeira Circle
Tierra Verde, FL 33715
Listing updated: June 25, 2026 at 5:35 PM ET
Listing courtesy of Realty One Group Sunshine · Oana Stefan · MLS #TB8498728 · Active · 727-325-5843Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Welcome to your coastal retreat in the highly desirable Tierra Verde community, just minutes from the award-winning beaches of Fort De Soto Park. Known for its pristine shoreline, scenic trails, and laid-back island lifestyle, this location offers the perfect blend of tranquility and convenience. This beautifully maintained three-story townhouse offers both space and functionality. The ground level features an expansive tandem three-car garage, or a two-car setup with a dedicated workshop—ideal for hobbies, storage, or additional workspace. The second level showcases a bright and open-concept living, dining, and kitchen area—perfect for entertaining or everyday living. This level also includes a fully updated bathroom with brand-new porcelain tile, vanity, mirror, and toilet, along with a laundry area and a versatile office or guest bedroom. Upstairs on the third level, you’ll find the spacious primary suite featuring new luxury vinyl flooring and a private balcony with freshly stained wood flooring—perfect for enjoying morning coffee or evening breezes. An additional guest bedroom with new luxury vinyl flooring and a fully renovated bathroom complete this level. Additional upgrades include interior paint (October 2022), a water softener (2022), and a brand-new AC unit, providing comfort and peace of mind for years to come. Notably, the property experienced no flooding during recent storms, including Hurricane Helene and Hurricane Milton, offering added confidence in its resilience. Experience coastal living at its finest in one of St. Pete’s most sought-after island communities.
Local Insight
At $325/sqft, this is a fair price for Tierra Verde's market, but the AE flood zone designation means mandatory flood insurance that will add several thousand annually to your carrying costs—factor that into your true monthly obligation alongside the $645 HOA. The 1998 construction and modest 0.02-acre lot are typical for this subdivision, so you're paying for location and the 3-car garage rather than newer finishes or land, which makes sense if you prioritize waterfront proximity and don't need renovation headroom. The real question is whether the location's appeal justifies the flood risk premium and whether you're comfortable with ongoing HOA + flood insurance costs that could easily exceed $10k-12k per year.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history70 days on market
- Status: ActiveApr 16, 2026
- Listed$549,000Apr 16, 2026
- Price reduced$515,000
Facts & features
- Property type
- Residential
- Sub type
- Townhouse
- Status
- Active
- Days on market
- 70
- Subdivision
- Palms Of Tierra
- County
- Pinellas
- Year built
- 1998
- Living area
- 1,585 sq ft
- Price/sq ft
- $325
- Lot size
- 902 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AE (12103C0286H)
- Garage
- 3 spaces
- Annual taxes
- $5,645 (2025)
- Parcel #
- 20-32-16-65905-001-0130
- Zoning
- RM-15
- MLS #
- TB8498728
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 3
- Flooring
- Hardwood, Luxury Vinyl, Tile
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer, Water Softener
- Interior features
- Ceiling Fans(s), Open Floorplan, PrimaryBedroom Upstairs, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
- Laundry
- Inside
- Stories / Levels
- Three Or More
- Direction faces
- Northeast
- Fireplace
- Yes
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 3
- Attached garage
- Yes
- Parking features
- Driveway, Oversized, Tandem, Workshop in Garage
HOA & Financial
- HOA fee
- $645 / Monthly
- Monthly HOA
- $645/mo
- Total monthly fees
- $645/mo
- Total annual fees
- $7,740
- HOA name
- Lori Baxter
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- 1-2 Years
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Buyer/ Buyer's agent to verify with the HOA.
- Approval process
- Buyer/ Buyer's agent to verify with the HOA.
Exterior & Construction
- Exterior features
- Balcony
- Construction materials
- Block, Stucco, Frame
- Roof
- Shingle
- Foundation
- Block, Slab
- Road surface
- Asphalt, Concrete
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Community
- Pets allowed
- Cats OK, Dogs OK
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | Second | 16x14 |
| Kitchen | Second | 12x10 |
| Primary Bedroom | Third | 15x13 |
Listing Details
- Listing date
- 2026-04-16
- On market date
- 2026-04-16
- Original list price
- $549,000
- Occupant type
- Vacant
- MLS area
- 33715 - St Pete/Tierra Verde
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-04-16
- Tax legal description
- PALMS OF TIERRA, REPLAT OF BLK A, LOT 13
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Pinellas Bayway S to Madeira Circle on east side of the Bayway. Property is on the right.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information 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.
Based on information submitted to the MLS GRID as of June 25, 2026 at 5:35 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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