Bought with
0.31 Acres Lot
0.31 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Subdivision Bayedge Terrace
MLS Listing ID TB8352958
HOA Y/N No
Annual Tax Amount $6,674
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 125x109
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
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.
Location
State FL
County Pinellas
Community Bayedge Terrace
Area 33759 - Clearwater
Exterior
Utilities Available Public
View Trees/Woods
Building
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water None
Schools
Elementary Schools Safety Harbor Elementary-Pn
Middle Schools Safety Harbor Middle-Pn
High Schools Countryside High-Pn
Others
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8352958
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