7057 Sunset Drive, South Pasadena, FL 33707
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
Listed by: shawn dunn
Office: gulfside realty sales
MLS#:TB8465363
Source:MFRMLS
Price summary
- Price:$825,000
- Price per sq. ft.:$306.69
About this home
Introducing a rare opportunity for an owner-occupant or individual investor in desirable South Pasadena. This solid concrete-block 4-plex w/2 car garqage is ideally positioned directly across from Boca Ciega Bay, with Unit #1 offering water views and the unique flexibility to be occupied by a new owner or held open for additional rental income.The property has been recently renovated and fully remediated following Hurricane Helene, with updates completed to current building standards and code, providing peace of mind and long-term durability. Three of the four units are currently occupied, creating immediate cash flow, while the vacant waterview unit allows for personal use, premium rental positioning, or a blended live-in investment strategy.Each residence features a spacious 1-bedroom, 1-bath layout with durable vinyl plank flooring throughout and an open living and kitchen design that feels light, functional, and easy to maintain. All four units are equipped with new air-conditioning systems and updated electrical, further reducing future capital expenses for the next owner.From an investment standpoint, the property delivers a strong, stable cap rate with meaningful upside potential, particularly through improved rent positioning and utilization of the waterview unit. Utilities are efficiently structured with four separate electric meters and a shared water meter.The larger waterview unit (#1) benefits from private parking and a private rear entrance with alley access, offering added privacy and convenience and making it especially appealing as an owner-occupied residence if desired. The property also includes a large attached 2-car garage, accessible from both the courtyard and the rear alley.The 30-day minimum rental period provides notable flexibility and creates a clear opportunity to reposition the property toward seasonal or mid-term rentals, which may significantly increase rental income and materially improve the overall cap rate compared to traditional long-term leasing. Buyer and buyer’s agent to independently verify all material facts, including but not limited to minimum rental periods, zoning, future use, income potential, square footage, permitting, and compliance with all local, city, and county regulations.
DO NOT DISTURB TENANTS
Contact an agent
Home facts
- Year built:1968
- Listing ID #:TB8465363
- Added:6 day(s) ago
- Updated:January 23, 2026 at 01:13 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Living area:2,009 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Heat Pump
Structure and exterior
- Roof:Shingle
- Year built:1968
- Building area:2,009 sq. ft.
- Lot area:0.25 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$825,000
- Price per sq. ft.:$306.69
- Tax amount:$8,016 (2025)
New listings near 7057 Sunset Drive
- New
$349,000Active3 beds 2 baths1,274 sq. ft.6620 Gulfport Boulevard S, SOUTH PASADENA, FL 33707
MLS# O6376124Listed by: EXIT REALTY PREMIER LEGACY - New
$224,900Active2 beds 1 baths1,120 sq. ft.1847 Shore Drive S #204, SOUTH PASADENA, FL 33707
MLS# TB8467060Listed by: CENTURY 21 COASTAL ALLIANCE - Open Sat, 1:30 to 3:30pmNew
$298,988Active2 beds 2 baths1,170 sq. ft.7625 Sun Island Drive S #101, SOUTH PASADENA, FL 33707
MLS# TB8467442Listed by: COLDWELL BANKER REALTY - New
$624,000Active3 beds 2 baths1,592 sq. ft.6933 S Shore Drive S, ST PETERSBURG, FL 33707
MLS# TB8466852Listed by: RE/MAX PREFERRED - New
$375,000Active2 beds 2 baths1,215 sq. ft.7700 Sun Island Drive S #203, SOUTH PASADENA, FL 33707
MLS# TB8463844Listed by: POWER REAL ESTATE GROUP LLC
$327,000Pending1 beds 2 baths1,050 sq. ft.7897 Sailboat Key Boulevard S #206, SOUTH PASADENA, FL 33707
MLS# TB8465529Listed by: REALTY ONE GROUP MVP- Open Sat, 10am to 1pmNew
$345,000Active2 beds 1 baths844 sq. ft.7285 14th Avenue S, SOUTH PASADENA, FL 33707
MLS# TB8464916Listed by: COASTAL PROPERTIES GROUP - New
$230,000Active1 beds 1 baths1,068 sq. ft.1847 Shore Drive S #510, SOUTH PASADENA, FL 33707
MLS# TB8464373Listed by: CHARLES RUTENBERG REALTY INC - Open Sat, 1 to 3pmNew
$300,000Active2 beds 2 baths1,310 sq. ft.7300 Sun Island Drive S #303, SOUTH PASADENA, FL 33707
MLS# TB8449333Listed by: DALTON WADE INC