Sarasota's Premier Homes

200 S BAYSHORE BOULEVARD

CLEARWATER , FL 33759

MLS#: TB8353085

$509,000

Status: Active
Listing number: TB8353085
Listing provided by: COASTAL PROPERTIES GROUP INTERNATIONAL
Listing agent phone: None
Last update: 5 days ago
On site: 4 months ago
Browse Properties
BAYEDGE TERRACE - Residential Income

Property

Beds

5

Full Baths

None

1/2 Baths

None

Year Built

1973

Sq.Footage

2,451

Prime Investment Opportunity with a price improvement! This property is ideally located just 2 minutes from downtown Safety Harbor and across from the Bayshore Pedestrian Trail, walking distance to Nova Southeastern University, 15 minutes from Tampa International Airport, and 20 minutes from the Gulf beaches—offering a major advantage in attracting tenants. The area is highly desirable for both short-term and long-term rentals, making it an excellent location for income generation. The property features a larger unit (1,600 square feet, 3 beds, 2 baths) and a smaller second unit (851 square feet, 2 beds, 1 bath), appealing to a wide variety of tenants. The layout allows for flexible rental strategies, enhancing its potential for steady cash flow. Sitting on a 0.314-acre lot, the property offers ample space for future development or upgrades. The possibility to subdivide the lot into two parcels adds significant value, particularly for investors looking to maximize their returns. While the property was affected by Hurricane Helene and is being sold in "as-is" condition, this presents an opportunity to rebuild, which could significantly increase its value. Hurricane Windows installed in 2020 and have a lifetime warranty transferrable to the next owner. The property has been cleared by the city and FEMA to be refurbished. see the attached FEMA substantial damage letter. The property is located within an AE flood zone. A one-time transfer of the flood policy is available under a "Policy Assumption" (interested buyers should confirm details with their insurance company). Additionally, the potential for subdividing the land could allow for two separate properties, offering even greater future value. This property represents an incredible, near-term opportunity for investors seeking strong rental income with significant future development potential!

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Block

  • Parking

    Attached

  • Patio and Porch Features

    Covered

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.31

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $509,000

  • Tax Amount

    6674.35

  • Sq. Footage

    2, 451

  • Price/SqFt

    $207

HOA

  • Association

    NO

School District

  • Elementary School

    Safety Harbor Elementary-PN

  • Middle School

    Safety Harbor Middle-PN

  • High School

    Countryside High-PN

Property Features

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    10

  • Water Source

    Public

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Location

County

Pinellas

Elementary School

Safety Harbor Elementary-PN

Middle School

Safety Harbor Middle-PN

High School

Countryside High-PN

Listing Courtesy of Scott Dailey , COASTAL PROPERTIES GROUP INTERNATIONAL

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Agent MichaelGraf

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(941) 315-6980

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Prime Investment Opportunity with a price improvement! This property is ideally located just 2 minutes from downtown Safety Harbor and across from the Bayshore Pedestrian Trail, walking distance to Nova Southeastern University, 15 minutes from Tampa International Airport, and 20 minutes from the Gulf beaches—offering a major advantage in attracting tenants. The area is highly desirable for both short-term and long-term rentals, making it an excellent location for income generation. The property features a larger unit (1,600 square feet, 3 beds, 2 baths) and a smaller second unit (851 square feet, 2 beds, 1 bath), appealing to a wide variety of tenants. The layout allows for flexible rental strategies, enhancing its potential for steady cash flow. Sitting on a 0.314-acre lot, the property offers ample space for future development or upgrades. The possibility to subdivide the lot into two parcels adds significant value, particularly for investors looking to maximize their returns. While the property was affected by Hurricane Helene and is being sold in "as-is" condition, this presents an opportunity to rebuild, which could significantly increase its value. Hurricane Windows installed in 2020 and have a lifetime warranty transferrable to the next owner. The property has been cleared by the city and FEMA to be refurbished. see the attached FEMA substantial damage letter. The property is located within an AE flood zone. A one-time transfer of the flood policy is available under a "Policy Assumption" (interested buyers should confirm details with their insurance company). Additionally, the potential for subdividing the land could allow for two separate properties, offering even greater future value. This property represents an incredible, near-term opportunity for investors seeking strong rental income with significant future development potential!

200 S BAYSHORE BOULEVARD

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