Largo, FL 33770,1500 CLEARWATER LARGO RD N
Largo, FL 33770,1500 CLEARWATER LARGO RD N
Largo, FL 33770,1500 CLEARWATER LARGO RD N
Largo, FL 33770,1500 CLEARWATER LARGO RD N
Largo, FL 33770,1500 CLEARWATER LARGO RD N
Largo, FL 33770,1500 CLEARWATER LARGO RD N
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$1,067,000

$1,700,000

37.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

10 Beds

6 Baths

3,724 SqFt


SOLD DATE : 11/10/2023

Key Details

Sold Price $1,067,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,724 sqft

Price per Sqft $286

Subdivision Highland Park

MLS Listing ID U8202296

Sold Date 11/10/23

Bedrooms 10

HOA Y/N No

Originating Board Stellar MLS

Year Built 1948

Annual Tax Amount $6,102

Lot Size 0.420 Acres

Acres 0.42

Lot Dimensions 112x163

Property Description

***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.

Location

State FL

County Pinellas

Community Highland Park

Direction N

Interior

Interior Features Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s)

Heating Central, Exhaust Fan, Wall Units / Window Unit

Cooling Central Air, Mini-Split Unit(s)

Flooring Ceramic Tile, Tile, Vinyl

Furnishings Turnkey

Fireplace false

Appliance Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Tankless Water Heater, Washer

Laundry Inside, Laundry Room

Exterior

Exterior Feature Courtyard, Dog Run, Fence, Garden, Irrigation System, Lighting, Other, Private Mailbox, Sidewalk, Storage

Parking Features Assigned, Driveway, Guest, Off Street

Utilities Available BB/HS Internet Available, Electricity Connected, Phone Available, Public, Sewer Connected, Sprinkler Meter, Water - Multiple Meters, Water Connected

Roof Type Membrane,Shingle

Porch Covered, Enclosed, Patio, Rear Porch, Screened, Side Porch

Attached Garage false

Garage false

Private Pool No

Building

Lot Description Corner Lot, Landscaped, Level, Near Marina, Near Public Transit, Oversized Lot

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Schools

Elementary Schools Mildred Helms Elementary-Pn

Middle Schools Largo Middle-Pn

High Schools Largo High-Pn

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

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Stellar MLS
Listed by EXP REALTY LLC
Bought with COASTAL PROPERTIES GROUP INTERNATIONAL
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