200 S Bayshore Boulevard, Clearwater, FL 33759
Local realty services provided by:Better Homes and Gardens Real Estate Synergy
Listed by:scott dailey
Office:coastal properties group international
MLS#:TB8352958
Source:MFRMLS
Price summary
- Price:$509,000
About this home
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!
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Home facts
- Listing ID #:TB8352958
- Added:214 day(s) ago
- Updated:September 29, 2025 at 11:49 AM
Structure and exterior
- Lot area:0.31 Acres
Schools
- High school:Countryside High-PN
- Middle school:Safety Harbor Middle-PN
- Elementary school:Safety Harbor Elementary-PN
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$509,000
- Tax amount:$6,674 (2024)
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