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Julia Vakulenko - Broker -

TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945 TB8352945
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200 S BAYSHORE BLVD, CLEARWATER, 33759

  • $679,000
  • Price changed 03/18/2025 from $729,000, -6.86%
  • 5 Beds, 3 Baths , 2,451 Sq.Ft
  • County: Pinellas
  • Subdivision: BAYEDGE TERRACE


Property highlights

  • MLS#: TB8352945
  • 13,673.00 lot size Sq.Ft.
  • Year built: 1973
  • Parking spaces: 1

Property Overview

Prime Investment Opportunity with 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!

Driving directions : From Tampa, head west on FL-60 W (Courtney Campbell Causeway) toward Clearwater. Turn right onto S Bayshore Blvd. Continue for approximately 0.2 miles; the property will be on your left. From Clearwater, head east on Gulf-to-Bay Blvd. (FL-60 E). Turn left onto S Bayshore Blvd. Proceed for approximately 0.2 miles; the property will be on your left.

Property Features

Rooms Dimension Description
Kitchen First level
Living Room First level
Primary Bedroom First level

Interior Features

  • Primary Bedroom Main Floor

Appliances

  • Microwave

Heating

  • Central

Laundry features

  • In Garage

Air Conditioning

  • Central Air

Floor Covering

  • Tile

Utilities

  • Public

Exterior features

  • Sidewalk

Patio and porch features

  • Covered
  • Patio
  • Rear Porch

Construction Materials

  • Block

Road Surface Type

  • Asphalt

Property Condition

  • Fixer

Roof

  • Shingle

Foundation

  • Slab

Lot Features

  • FloodZone
  • Sidewalk
  • Paved

School Information


Listing information courtesy of COASTAL PROPERTIES GROUP INTERNATIONAL

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Listing data comes from My Florida Regional MLS.