Generous price reduction to sell! Investor Special! Two income making properties on one lot. Rare Opportunity in the Historic District of Tarpon Springs. Discover this 1,157 sq. ft. bungalow-style home with a 350 sq. ft. cottage, located in the heart of Tarpon Springs' historic district. Just steps from Craig Park, you can enjoy evening walks along the bayou, where dolphins and manatees are frequent visitors. This is a rare chance to own a property in a dream location, offering incredible potential for renovation and restoration. Situated in a historic district and exempt from FEMA’s 50% rule, this property also has no restrictions on short-term rentals, making it an excellent investment opportunity. Main Home Features: Two bedrooms, one bathroom, plus a versatile den—perfect for a home office or guest space. A stunning centerpiece fireplace in the living room with new French doors and updated tile. Kitchen upgrades include a new microwave, Hans-Grohe fixtures, a new sink (currently stored in the cottage), and new double-pane front windows. Bathroom includes new tile, a Toto toilet, and a quartz countertop (stored in the cottage). Raised electrical panel post-Hurricane Helene for added security. Cottage Highlights: A 350 sq. ft. structure that can be transformed into a beautiful income property or private retreat. Laundry access in the back for added convenience. Exterior & Additional Features: A new vinyl fence creates a cozy, private outdoor space to enjoy peaceful mornings. Off-street parking in two designated areas. A newly paved brick road completed in 2023 adds charm and character to the property. Servpro water remediation was completed in October 2024 for both the main house and cottage. Tented for termites by Turner Pest Control in November 2024, with an extended warranty through November 2025. Transferable FEMA flood insurance policy active through December 2027. Why You'll Love This Location: Walking distance to downtown Tarpon Springs, offering shops, restaurants, and cultural attractions. Close proximity to the iconic Sponge Docks and waterfront activities. A peaceful neighborhood steeped in charm and history. This property has all the essentials to be restored into a stunning residence or a lucrative investment. Don’t miss out on this rare opportunity to own a piece of Tarpon Springs history. Schedule a showing today!