200 S BAYSHORE BLVD, CLEARWATER, FL, 33759
$429,000
Residential Income
|
Bedrooms
5
|
Bathrooms
3
|
Living Area
2,451 Sqft
|
Lot Size
13,673 Sqft
|
Prime Investment Opportunity with Price Improvement!
Discover exceptional investment potential in this ideally located property—just 2 minutes from Downtown Safety Harbor and directly across from the Bayshore Pedestrian Trail. This sought-after location is within walking distance to Nova Southeastern University, only 15 minutes to Tampa International Airport, and 20 minutes to the Gulf beaches, offering unbeatable appeal for both short-term and long-term rental markets.
The property features two versatile units:
• Main Unit: 1,600 sq. ft. | 3 Bedrooms | 2 Bathrooms
• Second Unit: 851 sq. ft. | 2 Bedrooms | 1 Bathroom
This flexible configuration allows for multiple rental strategies—live in one unit and rent the other, or lease both for maximum cash flow. Situated on a 0.314-acre lot, the property offers ample space for future development, expansion, or upgrades. There’s even the potential to subdivide the parcel into two lots, significantly increasing overall value and ROI potential.
While the property was impacted by Hurricane Helene and is being sold as-is, this represents an exciting rebuild or redevelopment opportunity. The City of Safety Harbor and FEMA have cleared the property for refurbishment (see attached FEMA substantial damage letter). It is located in an AE flood zone, and the existing flood policy can be transferred to the new owner under a “Policy Assumption” (buyers should confirm details with their insurer).
Additional highlights include:
• Hurricane-rated windows (installed 2020) with lifetime transferrable warranty
• City and FEMA clearance for renovation
• Outstanding location near key employment, education, and recreation hubs
This property is a rare find for investors seeking strong rental income, value-add potential, and a prime Safety Harbor location with tremendous future upside.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8353085 | Year Built: | 1973 | |
| Construction Materials: | Block | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Pinellas | |
| Exterior Features: | Fence, Sidewalk | Flooring: | Tile | |
| Foundation Details: | Slab | Furnished: | Unfurnished | |
| Heating: | Central | Laundry Features: | In Garage | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash | Lot Features: | Corner Lot | |
| Occupant Type: | Vacant | Patio And Porch Features: | Covered | |
| Possession: | Close Of Escrow | Property Condition: | Fixer | |
| Property Sub Type: | Duplex | Property Type: | Residential Income | |
| Road Surface Type: | Asphalt | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Appointment Only, Call Listing Agent | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Electricity, Trash Collection, Water | |
| Utilities: | Public | Water Source: | Public | |
| Window Features: | Storm Window(s) | |||
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