Compare Pinellas County Coastal Residences: Price, Rentals, Financing
Last reviewed · Smart Coastal Assets
The short answer
Smart Coastal Assets currently offers 5 coastal residences in Pinellas County, Florida: The Beachmaker Resort in Madeira Beach (From ~$837,000 to $4.4M); Sapphire Shores in Indian Shores ($2,275,000 – $3,250,000); Capri Townhomes in Treasure Island ($1,690,000); The Residences in Madeira Beach (From the $900Ks); Coastal Elegance at Snug Harbor in Madeira Beach ($1,600,000 – $3,200,000). 4 allow nightly or 1–7 day rentals, 5 offer DSCR financing, and 3 are move-in ready.
Price, size and completion
| Residence | Location | Price | Beds / Baths | Sq. Ft. | Residences | Completion |
|---|---|---|---|---|---|---|
| The Beachmaker Resort | 15000 Madeira Way, Madeira Beach | From ~$837,000 to $4.4M | Varies | Varies | 161 + 10 penthouses | Target opening 2029 |
| Sapphire Shores | 19631 Gulf Blvd, Indian Shores | $2,275,000 – $3,250,000 | 5 + den / 4 | 4,000+ | 10 | Q1 2027 |
| Capri Townhomes | 11605 First Street East, Treasure Island | $1,690,000 | 5 / 4 | ~3,000 | 7 | Completed · Move-in ready |
| The Residences | 400 150th Avenue, Madeira Beach | From the $900Ks | 3 (all en suite) / 3 | ~1,800 | 27 | Completed · Move-in ready |
| Coastal Elegance at Snug Harbor | 13655 Gulf Blvd, Madeira Beach | $1,600,000 – $3,200,000 | 3 | Varies | 5 | Completed · Move-in ready |
Rental rules and management
| Residence | Town | Minimum stay | Management | Personal use |
|---|---|---|---|---|
| The Beachmaker Resort | Madeira Beach | Nightly | Mandatory resort management and Marriott Autograph Collection booking channels. Not self-managed. | Up to 90 owner-use days per year; no blackout dates under the management program. |
| Sapphire Shores | Indian Shores | 1–7 days | No required manager; owners may self-manage. | No restrictions on personal use. Can be a full-time residence. |
| Capri Townhomes | Treasure Island | 1–7 days | No required management company. Self-manage or choose a manager. | May occupy as a primary residence or rent it out. |
| The Residences | Madeira Beach | 30 days | No required management company; owners may self-manage. 30-day minimum, one rental per 30 days. | Primary residence / homestead eligible, subject to buyer qualification. |
| Coastal Elegance at Snug Harbor | Madeira Beach | 1–7 days | Ask | Can be a primary residence/homestead or a permitted short-term rental. |
Deposits and financing
| Residence | Initial deposit | Total down | Financing |
|---|---|---|---|
| The Beachmaker Resort | $5,000 reservation deposit with a 15-day right of rescission | 20% placed in escrow for select Founders Club residences | Cash, conventional and DSCR financing (subject to approval) |
| Sapphire Shores | $10,000 | 20% | Cash, conventional, second-home or DSCR financing |
| Capri Townhomes | $10,000 | 20% | Cash, conventional or DSCR financing (subject to lender approval) |
| The Residences | $10,000 | 10% | Cash, conventional or DSCR financing (subject to underwriting) |
| Coastal Elegance at Snug Harbor | $10,000 | 20% | Cash, conventional, DSCR or investment loans (subject to lender approval) |
Published rental income figures
Income figures below are exactly as provided by the sources named. They are estimates or current rates, not guarantees.
| Residence | Figure | Basis | Source |
|---|---|---|---|
| The Beachmaker Resort | On request | Income projections | A conversation with the management company can be arranged for all income projections. Incentive offering: 60% owner revenue share, subject to the management agreement. |
| Sapphire Shores | $253,000 | Third-party estimated annual gross rental revenue | Stay Dream Rentals |
| Capri Townhomes | $215,000 | Projected annual gross rental revenue | Stay Dreams Rentals / Resort Rentals, verified by other residences in the complex |
| The Residences | $6,000–$10,000 / month | Annual-lease rental rates | Current rental rates at the community |
Frequently asked questions
Which Pinellas County residences allow short-term rentals?
The Beachmaker Resort (Madeira Beach): Nightly; Sapphire Shores (Indian Shores): 1–7 days; Capri Townhomes (Treasure Island): 1–7 days; Coastal Elegance at Snug Harbor (Madeira Beach): 1–7 days.
Which residences allow owners to self-manage rentals?
Sapphire Shores, Capri Townhomes, The Residences allow self-management. The Beachmaker Resort: Mandatory resort management and Marriott Autograph Collection booking channels. Not self-managed.
Which residences are move-in ready?
Capri Townhomes (Treasure Island), The Residences (Madeira Beach), Coastal Elegance at Snug Harbor (Madeira Beach).
Sources
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