714 15th Avenue Nw, Largo, FL 33770

$399,649
7
BD
6
BA
3,724
SqFt
Sold Price
$399,649
List Price
$1,700,000
Status
Sold
Days on Market
91
Closing Date
Nov 17, 2023
MLS#
U8202301
Property Style
Single Family
Architectural Style
Cottage, Florida, Other, Ranch
Year Built
1956
Bedrooms
7
Bathrooms
6
Living Area
3,724
Lot Size
18,256
Acres
0.42
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
Highland Park
MLS Area Major
Largo/Belleair Bluffs

Property Description

***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.

Additional Information

Taxes
$1915
Minimum Lease
1-7 Days
Location
Landscaped, Level, Near Golf Course, Near Marina, Near Public Transit, Oversized Lot, Paved
Community Features
No Deed Restriction
Interior Layout
Built-in Features, Ceiling Fans(s), Crown Molding, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s)
Interior Features
Built-in Features, Ceiling Fans(s), Crown Molding, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s)
Floor
Ceramic Tile, Tile, Vinyl
Appliances
Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Washer
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Sprinkler Meter, Street Lights, Water Connected
Heating
Central
Air Conditioning
Central Air, Mini-Split Unit(s)
Exterior Construction
Block
Exterior Features
Courtyard, Dog Run, Garden, Hurricane Shutters, Irrigation System, Lighting, Private Mailbox, Sidewalk, Storage
Roof
Shingle
Foundation
Slab
Pool
No Pool
Garage Features
Driveway, Off Street
Elementary School
Mildred Helms Elementary-Pn
Middle School
Largo Middle-Pn
High School
Largo High-PN
Fences
Vinyl, Wood
Flood Zone Code
X
Parcel ID
27-29-15-38970-003-0050
Legal Description
HIGHLAND PARK BLK 3, LOTS 3, 4, AND 5

Mortgage Calculator

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Listing courtesy of EXP REALTY LLC. Selling Office: COASTAL PROPERTIES GROUP INTERNATIONAL.

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