200 S BAYSHORE BOULEVARD, CLEARWATER FL 33759

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$729,000

200 S BAYSHORE BOULEVARD, CLEARWATER, FL 33759

bedrooms

bathrooms

square feet

Acreage

0.31

Open Houses

year built

Full Baths

Half Baths

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Prime Investment Opportunity! 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!

Location
Subdivision	BAYEDGE TERRACE
County	Pinellas
Elementary School	Safety Harbor Elementary-PN
Middle School	Safety Harbor Middle-PN
High School	Countryside High-PN

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MLS number: TB8352958

Listing agent: Scott Dailey #3599449

Listing broker: Coastal Properties Group International, Llc (727) 493-1555

Copyright © 2025 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, February 28 2025 at 7:47 p.m. EST

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