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2506 Madrid Way S

St. Petersburg, FL 33712

3 beds
3 baths
2,247 sqft
9,675 sqft lot
$444 per sqft
1962 build
– on site

No HOA. No Flood Zone. No Interior Hurricane Damage. Located at the end of a private cul-de-sac in Lakewood Estates, this exceptional home offers breathtaking 180-degree views of the newly renovated St. Petersburg Country Club. Designed for those who appreciate elegance and comfort, this residence has undergone a meticulous transformation, making it a true move-in-ready masterpiece. Step inside to a completely reimagined interior, featuring a brand-new kitchen outfitted with premium GE Café appliances, sleek cabinetry, and a seamless blend of modern updates with the charm of the past. Each of the three full bathrooms has been exquisitely remodeled with designer fixtures and spa-inspired finishes. The home’s waterproof luxury vinyl flooring extends throughout, providing both durability and sophistication, with beautifully matched stairs for a seamless look. Freshly painted both inside and out—including the garage floor and tile roof—the home radiates a pristine and welcoming ambiance. Beyond aesthetics, this home is equipped with state-of-the-art features, including a 2020 Carrier 5-ton air conditioning unit, eight brand-new hurricane-impact windows with a 50-year transferable warranty, and a converted half-bath that now serves as a full bath with an added laundry area, complete with a laundry chute from the upstairs suite. The outdoor space is equally impressive, boasting a newly screened pool area, a brand-new pool pump, and extensive landscaping in the front yard, creating a private oasis. A new fence adds both security and style, while a new garage door, along with the freshly painted exterior and tile roof, enhance the curb appeal. Wake up to breathtaking golf course views, entertain effortlessly, and enjoy the finest in modern living—all in one of St. Petersburg’s most sought-after locations. Situated just 10 minutes from downtown, 10 minutes from award-winning beaches, 5 minutes from multiple boat ramps, and5 minutes from Boyd Hill Nature Preserve, this is a rare opportunity to own a completely renovated luxury home on the premier lot in St. Petersburg’s hottest neighborhood.

Listing courtesy of STELLAR_MLS / CARPENTER REALTY GROUP

Last checked: Checking… • Last updated Feb 6, 2025 •

MLS# TB8347239 —

The Building

Year Built:

1962
New Construction:

false
Construction Materials:

Block
Levels:

Two
Stories Total:

2
Roof:

Tile
Foundation Details:

Slab
Building Area Total:

2845
Building Area Units:

Square Feet
Building Area Source:

Owner

Interior

Interior Features:

Ceiling Fan(s)
Flooring:

Luxury Vinyl
Fireplace:

false

Room Dimensions

Living Area:

2247
Living Area Units:

Square Feet
Living Area Source:

Owner

Location

Directions:

From 31st St S, take 35th Ter heading east, turn right onto Alberca, follow Madrid until the cul-de-sac, home will be the last one on the left.
Latitude:

27.730166
Longitude:

-82.669722
Coordinates:

-82.669722, 27.730166

The Property

Parcel Number:

023216496620030090
Property Type:

Residential
Property Subtype:

Single Family Residence
Lot Size Acres:

0.22
Lot Size Area:

9675
Lot Size SqFt:

9675
Lot Size Dimensions:

86 x 122
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Direction Faces:

West
View:

false
Exterior Features:

Lighting
Water Source:

Public
Road Surface Type:

Paved
Flood Zone Code:

X
Additional Parcels:

false
Homestead:

true
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

9
Tax Block:

3
Tax Legal Description:

LAKEWOOD ESTATES TRACTS 10-11 BLK 3, LOT 9 & 25FT X 99 FT(S) OF TRACT A ADJ ON E
Tax Book Number:

38-27
Tax Annual Amount:

3836.47

Beds

Bedrooms Total:

3

Baths

Total Baths:

3
Total Baths:

3
Full Baths:

3

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Connected
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Inside

The Community

Subdivision Name:

LAKEWOOD ESTATES TRACTS 10-11
Senior Community:

false
Waterview:

Lake
Waterview:

true
Water Access:

false
Waterfront:

true
Waterfront Features:

Lake
Pool Private:

true
Pool Features:

In Ground
Association:

false
Ownership:

Fee Simple

Parking

Garage:

true
Attached Garage:

true
Garage Spaces:

2
Carport:

false
Covered Spaces:

2

Monthly cost estimate

Asking price

$999,000

Expense	Monthly cost
Mortgage	$5,349
Taxes	$319
Insurance	$274
Utilities	$219 See report
Total	$6,161/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
2/6/25 Feb 6, 2025	Listed / Active	STELLAR_MLS	$999,000	61.1% (23.2% / YR)
6/20/22 Jun 20, 2022		STELLAR_MLS	$620,000	12.7%
5/17/22 May 17, 2022		STELLAR_MLS	$549,900

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This house located in Lakewood Estates, St. Petersburg, FL 33712 is currently for sale for $999,000. 2506 Madrid Way S is a 2,247 square foot house with 3 beds and 3 baths that has been on Estately for 0 days. 2506 Madrid Way S is in the Lakewood Estates neighborhood of St. Petersburg and has a WalkScore® of 15, making it car-dependent.

Listing Courtesy of: STELLAR_MLS and CARPENTER REALTY GROUP.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.