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727-415-4982
Real Estate Company
1500 Clearwater Largo Road N, Largo, FL 33770
- $1,067,000
- 10
- BD
- 6
- BA
- 3,724
- SqFt
- Sold Price
- $1,067,000
- List Price
- $1,700,000
- Status
- Sold
- Days on Market
- 92
- Closing Date
- Nov 10, 2023
- MLS#
- U8202296
- Property Style
- Multi-Family
- Year Built
- 1948
- Bedrooms
- 10
- Bathrooms
- 6
- Living Area
- 3,724
- Lot Size
- 18,256
- Acres
- 0.42
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Highland Park
- MLS Area Major
- Largo/Belleair Bluffs
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.
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Additional Information
- Taxes
- $6102
- Minimum Lease
- 1-7 Days
- Annual Gross Income
- 207776
- Location
- Corner Lot, Landscaped, Level, Near Marina, Near Public Transit, Oversized Lot
- Community Features
- No Deed Restriction
- Interior Layout
- 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)
- 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)
- Floor
- Ceramic Tile, Tile, Vinyl
- Appliances
- Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
- Utilities
- BB/HS Internet Available, Electricity Connected, Phone Available, Public, Sewer Connected, Sprinkler Meter, Water - Multiple Meters, Water Connected
- Heating
- Central, Exhaust Fan, Wall Units / Window Unit
- Air Conditioning
- Central Air, Mini-Split Unit(s)
- Exterior Construction
- Block
- Exterior Features
- Courtyard, Dog Run, Fence, Garden, Irrigation System, Lighting, Other, Private Mailbox, Sidewalk, Storage
- Roof
- Membrane, Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Assigned, Driveway, Guest, Off Street
- Elementary School
- Mildred Helms Elementary-Pn
- Middle School
- Largo Middle-Pn
- High School
- Largo High-PN
- Flood Zone Code
- X
- Parcel ID
- 27-29-15-38970-003-0030
- Legal Description
- HIGHLAND PARK BLK 3, LOTS 3, 4, AND 5
Listing courtesy of EXP REALTY LLC. 888-883-8509
Selling Office: COASTAL PROPERTIES GROUP INTERNATIONAL.Mortgage Calculator
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