7
Beds
6
Baths
3,724
Sq Ft
0.42
Acres
Highlights
- Additional Residence on Property
- Oak Trees
- 0.42 Acre Lot
- Largo High School Rated A-
- Property is near a marina
- 4-minute walk to Northwest Park
About This Home
As of November 2023***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. Live in the main house and rent the cottages to pay the mortgage, or use it as a multi-generational property, or just rent all 5, options are endless. The 3 bedroom 2 bath main house operates as the crown jewel of the property, while sleeping 10 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 of the amenities of home, including an assigned parking spot out front and 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.
Last Agent to Sell the Property
EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3464897 Listed on: 06/01/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,915
Year Built
- Built in 1956
Lot Details
- 0.42 Acre Lot
- Lot Dimensions are 163x112
- South Facing Home
- Dog Run
- Vinyl Fence
- Wood Fence
- Mature Landscaping
- Oversized Lot
- Level Lot
- Irrigation
- Oak Trees
- Fruit Trees
- Garden
- 2 Lots in the community
- Additional Parcels
Home Design
- Florida Architecture
- Cottage
- Turnkey
- Slab Foundation
- Shingle Roof
- Block Exterior
Interior Spaces
- 3,724 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Built-In Features
- Crown Molding
- Ceiling Fan
- Blinds
- Family Room Off Kitchen
- L-Shaped Dining Room
- Garden Views
- Hurricane or Storm Shutters
Kitchen
- Convection Oven
- Range
- Recirculated Exhaust Fan
- Microwave
- Ice Maker
- Dishwasher
- Stone Countertops
- Disposal
Flooring
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 6 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- Driveway
- Off-Street Parking
Outdoor Features
- Property is near a marina
- Courtyard
- Covered patio or porch
- Exterior Lighting
- Outdoor Storage
- Private Mailbox
Additional Homes
- Additional Residence on Property
Location
- Property is near public transit
- Property is near a golf course
Schools
- Mildred Helms Elementary School
- Largo Middle School
- Largo High School
Utilities
- Central Heating and Cooling System
- Mini Split Air Conditioners
- Thermostat
- Electric Water Heater
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Highland Park Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 5 / 3
- Assessor Parcel Number 27-29-15-38970-003-0050
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 1, 2023
Closed on
Nov 17, 2023
Sold by
Tb Investment Holdings Llc
Bought by
Luxe Oasis Rentals Llc
Seller's Agent
Josh Neighoff
EXP REALTY LLC
Buyer's Agent
Kerryn Ellson
COASTAL PROPERTIES GROUP INTERNATIONAL
List Price
$1,595,000
Sold Price
$399,649
Premium/Discount to List
-$1,195,351
-74.94%
Views
99
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,658
Avg. Annual Appreciation
6.84%
Original Mortgage
$251,875
Outstanding Balance
$248,734
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$198,165
Purchase Details
Closed on
Oct 3, 2007
Sold by
Zielinski Richard and Zielinski Elizabeth
Bought by
Zielinski Richard and Zielinski Elizabeth
Similar Homes in Largo, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $399,649 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $251,875 | New Conventional | |
| Previous Owner | $220,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/17/2023 11/17/23 | Sold | $399,649 | -76.5% | $107 / Sq Ft |
| 08/01/2023 08/01/23 | Pending | -- | -- | -- |
| 08/01/2023 08/01/23 | Price Changed | $1,700,000 | +6.6% | $456 / Sq Ft |
| 06/01/2023 06/01/23 | For Sale | $1,595,000 | +98.1% | $428 / Sq Ft |
| 03/11/2022 03/11/22 | Sold | $805,000 | -5.3% | $701 / Sq Ft |
| 01/10/2022 01/10/22 | Pending | -- | -- | -- |
| 06/20/2021 06/20/21 | For Sale | $850,000 | 0.0% | $740 / Sq Ft |
| 05/18/2021 05/18/21 | Pending | -- | -- | -- |
| 05/05/2021 05/05/21 | For Sale | $850,000 | -- | $740 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,872 | $262,909 | $102,688 | $160,221 |
| 2023 | $2,872 | $151,869 | $94,901 | $56,968 |
| 2022 | $1,915 | $110,842 | $62,110 | $48,732 |
| 2021 | $1,741 | $87,284 | $0 | $0 |
| 2020 | $1,844 | $91,051 | $0 | $0 |
| 2019 | $1,752 | $85,770 | $36,175 | $49,595 |
| 2018 | $1,540 | $77,572 | $0 | $0 |
| 2017 | $1,391 | $66,256 | $0 | $0 |
| 2016 | $1,417 | $70,621 | $0 | $0 |
| 2015 | $1,455 | $82,024 | $0 | $0 |
| 2014 | $1,163 | $54,621 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Josh Neighoff
J
Seller's Agent in 2023
Josh Neighoff
EXP REALTY LLC
(888) 883-8509
2 in this area
23 Total Sales
-
Kerryn Ellson
Buyer's Agent in 2023
Kerryn Ellson
COASTAL PROPERTIES GROUP INTERNATIONAL
(727) 408-4888
77 in this area
410 Total Sales
-
Rich Koster
R
Seller's Agent in 2022
Rich Koster
COASTAL PROPERTIES GROUP INTERNATIONAL
(727) 532-9402
1 in this area
16 Total Sales
Map
Source: Stellar MLS
MLS Number: U8202301
APN: 27-29-15-38970-003-0050
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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