1 month on rocket

1005 Lake Palms Dr, Largo, FL, 33771

$451,500

Home List Price

$5,362*

Closing Credit

5 Bedrooms
2 Baths
1,846 SqFt
$245/SqFt
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

1005 Lake Palms Dr, Largo$451,500

Buyer Closing Credits

$5,362*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeDuplex
Year Built1973
HeatingCentral
CoolingCentral Air
MLS #TB8324881
Lot Size0.19 Acres
StatusActive

About 1005 Lake Palms Dr

Income-Generating Duplex for Sale in Desirable Largo, FL Investors, take note! This well-maintained duplex in the heart of Largo, Florida, offers a fantastic opportunity to own a fully-rented property in a quiet, established neighborhood. Both units are currently leased, providing immediate rental income and the potential for long-term cash flow. Property Features: • Fully Rented: Both 2-bedroom, 1-bathroom units are currently leased with reliable tenants, ensuring steady rental income from day one. • Well-Maintained: Both units feature updated flooring, fresh paint, and functional kitchens, making them move-in ready and easy to manage. • Prime Location: Situated in a peaceful residential area, this duplex is close to major roadways, shopping, dining, schools, and just a short drive from the Gulf beaches. • Low Maintenance: With long-term tenants in place, this property offers a low-maintenance investment with minimal turnover and management. • Ample Parking: Each unit has its own parking space, with additional parking available for guests. • Spacious Outdoors: Both units enjoy access to a large backyard, providing plenty of room for outdoor enjoyment. This turnkey duplex is perfect for investors seeking a solid addition to their portfolio, offering consistent income and minimal hassle. The location in Largo, a growing and desirable area, makes it even more appealing for both current and future tenants. Don’t miss this opportunity! Contact us today for more details or to schedule a private showing. Please note: this is one of 4 units for sale by the owner: 914, 926, 1001, and 1005 Lake Palms! Seller would prefer to sell all of her duplexes as a package: TB8324930, TB8324881, TB8324870, TB8324856, TB8324819

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Living Area: 1,846 SqFt

Listing Office:

  • Office Name: CENTURY 21 RE CHAMPIONS
  • Office Phone: (727) 398-2774
  • Listing Agent: Kathryn Larkin

Interior Features

Interior Information:

  • Interior: Other

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Other

Virtual/3D Tour

  • Virtual Tour: 1005 Lake Palms Dr
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From the intersection of East Bay Drive and Fulton St., right on Fulton to right on Lake Ave., S. E. Follow Lake around to the south, where it becomes Lake Palms Drive. Continue on Lake Palms to address on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $451,500
  • Price Per SqFt: $245/SqFt

Tax Information:

  • Annual Amount: $3,238
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Largo, FL.

Map thumbnail provided by MapBox

Largo, FL

City

Med. Sold Price

$355.8K

Med. Price/SqFt

$273

Avg. Days On Market

48

# of Sold Homes

114

1005 Lake Palms Dr vs Largo

38 DAYS ON ROCKET

-10 Days

$451,500

+$95.6K More

$245/SqFt

-$29 Less

KEY TAKEAWAY

This property is $95.6K more than the Median Sold Price and $29/SqFt less than other homes in Largo, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #TB8324881

Listing Office:

  • Office Name: CENTURY 21 RE CHAMPIONS
  • Office Phone: (727) 398-2774
  • Listing Agent: Kathryn Larkin

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/4/2025, 10:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 14, 2017Home Sold
$154,163
May 31, 2005Home Sold
$186,700
Mar 18, 2004Home Sold
$150,000
Jul 27, 2001Home Sold
$95,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,238$161,913
2019$2,956$144,476
2018$2,719$131,342
2017$2,159$109,266

History based on county public records data.

Payment Calculator

$2,321

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,420

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-397696
7
/10

  • Frontier Elementary

  • 6995 Hopedale Ln

  • 1.23 miles

  • Public District Grades PK-5

school-card-donut-397697
7
/10

  • Fuguitt Elementary

  • 13010 101st St

  • 1.75 miles

  • Public District Grades PK-5

school-card-donut-397698
6
/10

  • Walsingham Elementary

  • 9099 Walsingham Rd

  • 1.78 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,882. Residents of Largo, FL typically earn less than $35k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Pinellas County›Largo›33771›1005 Lake Palms Dr

This home is located at 1005 Lake Palms Dr in Largo, FL and zip code 33771 in the Largo Paradise Island neighborhood. This 1,846 square foot home, which was built in 1973, sits on a 0.19 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 27, 2024 and is currently priced at $451,500.

Largo, FL housing market in December 2024 saw over 16 listings sold above listed price, more than 28 sold at listed price and over 70 sold below. Between November 2024 and December 2024, Largo, FL real estate market has seen increase in the number of listings by 2%. Listings spent 48 days on the market in December 2024, and had a median list price of $355,859 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More Resources