1500 Clearwater Largo Road NLargo, FL 33770MLS Number U8202296
- Sale Price: $1,067,000
- 311 Days Since Sale
- 10Bedrooms
- 0.42Acreage
- 6Bathrooms
- 1948Year Built
***Back on market after owners converted 3 of the cottages dining rooms to bunk rooms to accommodate more guests and higher nightly rates. Updated pictures to follow*** This unique 5-unit Airbnb property just a mile from the gulf consists of a large main house & 4 individual cottages spread across 3 lots on 2 parcels. Each unit comes fully furnished and has been professionally designed to form a short-term rental paradise with estimated annual rental income of over $207k, NOI of $166.8K, and a 10.46% cap rate. The 3 bedroom 2 bath main house operates as the crown jewel of the property as it comes equipped with luxury finishes, LVP flooring, a true master with walk in closet, bunk room, side patio w/ dining, and screened back porch with darts & foosball. The fenced in backyard includes a firepit, cornhole boards, string lights, and recently installed sod. While the front yard was also recently sodded, it also had irrigation put in place with a new timer. In addition, the cottages each offer large private retreats for 2, or even a small family, but still boast all the amenities of home, including an assigned parking spot out front & Yale smart locks. 3 of the 4 cottages are nearly identical layouts, but all have in common large backyards with string lights, Adirondack chairs, & cornhole boards. There is also a large shell courtyard in the center of the property where the current owners have plans for a swimming pool to be installed, which each unit would have direct access to via their rear gate. In addition, the mulched picnic table area between the pink cottage, main house, and future pool site has been prepped for a children's playset for all units to have access to. So while these properties are turnkey, they are still packed with plenty of potential value add opportunities such as adding the swimming pool for increased nightly rates & occupancy or converting the cottage dining rooms to 2nd bedrooms. To help the incoming buyer with bringing this property to its fullest potential the owners have also agreed to credit them $25k to have the pool and playground installed (for strong offers). The main house boasts its own interior laundry closet with W&D, but also includes a W&D in the centrally located utility room for cottages guests and/or cleaners use. To round out this Florida paradise the property also features tropical landscaping including Orange & Palm trees. In addition, the sellers also own the 2 vacant lots directly adjacent north of this listing and would be willing to entertain offers on those as well, although are not included in this listing. This isn't the type of property or new turnkey operation that comes around often, especially with Clearwater, Bellaire, & Indian Rocks Beach only a few minutes away, yet still in Airbnb friendly Largo. Don't pass up on this opportunity to operate your own Airbnb village without fear of fines.
Listing Courtesy of EXP REALTY LLC
Listing Sold by COASTAL PROPERTIES GROUP INTERNATIONAL
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Location Information
- Road Frontage DescriptionGravel, Paved
School Information
- Elementary SchoolMildred Helms Elementary-PN
- High SchoolLargo High-PN
- Junior HighLargo Middle-PN
Building
- Bathroom6
- Construction Materials Block
- Foundation Details Slab
- Patio And Porch Features
- Covered
- Enclosed
- Patio
- Rear Porch
- Screened
- Side Porch
- RoofMembrane, Shingle
- Units5
- Window Features Blinds
- Year Built1948
Utilities
- Cooling Central Air, Mini-Split Unit(s)
- Heating Central, Exhaust Fan, Wall Units / Window Unit
- Laundry Features Inside, Laundry Room
- Sewer Public Sewer
- Utilities
- BB/HS Internet Available
- Electricity Connected
- Phone Available
- Public
- Sewer Connected
- Sprinkler Meter
- Water - Multiple Meters
- Water Connected
- Water Source Public
Legal
- Disclosures Lead Paint, Seller Property Disclosure
- Listing Agreement Exclusive Right To Sell
- Parcel Number 27-29-15-38970-003-0030
- Tax Legal Description HIGHLAND PARK BLK 3, LOTS 3, 4, AND 5
Basic Information
- List Price$1,700,000
- MLS NumberU8202296
- Mls Status Sold
- Sale Date11/10/2023
- Sale Price$1,067,000
- StatusSLD
Basic Information
- Occupant Type Vacant
- Property SubTypeMulti-Family
- Special Listing Conditions None
- Virtual TourView Tour
Property
- MFR Building Area Total Srch Sq M392
Interior
- Flooring Ceramic Tile, Tile, Vinyl
- Furnished Turnkey
Amenities
- Appliances IncludedConvection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
- Other AmenitiesPool
- Security Features Smoke Detector(s)
Water Body
- MFR Water Access YN No
- Water ViewNo
Other
- Building Area Source Appraiser
- Date Listed06/01/2023
- Gross Income $207,776
- MFR Annual Net Income $166,872
- MFR Flood Zone Code X
- MFR Minimum Lease 1-7 Days
- View Count102
Tax Information
- Tax Year 2022
- Taxes$6,102
Parking
- Parking Features Assigned, Driveway, Guest, Off Street
Rooms
- Bedrooms10
Location
- Address1500 Clearwater Largo Road N
- AreaLargo/Belleair Bluffs
- CountyPinellas
- Exterior Features
- Courtyard
- Dog Run
- Fence
- Garden
- Irrigation System
- Lighting
- Other
- Private Mailbox
- Sidewalk
- Storage
- StateFL
- SubdivisionHighland Park
- TownLargo
- Township 29
- Zip33770
Property Information
- Acreage0.42
- Additional Parcels YN Yes
- Building Area Total 4,222
- Lot Description
- Corner Lot
- Landscaped
- Level
- Near Marina
- Near Public Transit
- Oversized Lot
- Lot Size Dimensions 112x163
- Lot Size Square Feet 18,256
- MFR Living Area Meters 345
- MFR Lot Size Square Meters 1,696
- MFR Total Acreage 1/4 to less than 1/2
- Number Of Lots 2
- Other Structures Guest House, Other, Storage
- Property Condition Completed
- Square Feet3,724
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832
Based on information submitted to StellarMLS as of September 15, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.