2 months on rocket

42 Somerset St, Clearwater Beach, FL, 33767

$3,500,000

0 Baths
2,734 SqFt
$1,280/SqFt
Multi

Location

Image provided by Mapbox

Property Highlights

Home TypeDuplex
ParkingOff Street
Year Built1950
HeatingCentral
CoolingCentral Air
ViewGarden
Private PoolYes
MLS #U8255576
Lot Size0.15 Acres
StatusActive

About 42 Somerset St

Exceptional & rare short-term rental opportunity with a prime Clearwater Beach location! Discover unparalleled profitability with this stunning short-term rental property well-suited for large group vacations, and ideally situated just 150 steps from the pristine sands of Clearwater Beach, one of the top beach destinations in the entire United States. This unique offering features two separate, fully updated cottages, perfectly designed for versatile accommodations. The front cottage features 7 bedrooms (two of them are suites with an additional attached extra room with their own door for extra privacy) and four bathrooms, while the back cottage has 3 bedrooms and two bathrooms. Both buildings have wood-look tile throughout, updated kitchens with granite counters. The backyard in-ground pool offers hours of fun, and two sets of washers & dryers provide convenience. Clearwater Beach is a high demand tourist area. This property is close to the shops and restaurants of Clearwater Beach. Zoned “Tourist”, so nightly rentals are allowed. Capitalize on this rare opportunity to own a highly profitable short-term rental property in one of Florida’s most coveted beach destinations. Your gateway to exceptional rental income and beachside bliss awaits!

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Living Area: 2,734 SqFt

Listing Office:

  • Office Name: ENGEL & VOLKERS BELLEAIR
  • Office Phone: (727) 461-1000
  • Listing Agent: Cammie Griffin

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
  • Flooring Type: Tile
  • Interior: Ceiling Fans(s), Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Window Treatments

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Garden
  • Exterior: Fence, Outdoor Grill

Parking Information:

  • Attached Garage: No
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Landscaped, Level, Paved
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Heading North on Mandalay, go East on Somerset. Property will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,500,000
  • Price Per SqFt: $1,280/SqFt
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Housing Market Comparison

See how this home compares to others in Clearwater Beach, FL.

Med. Sold Price

$814.8K

Med. Price/SqFt

$575

Avg. Days On Market

108

# of Sold Homes

23

42 Somerset St vs Clearwater Beach

80 DAYS ON ROCKET

-28 Days

$3,500,000

+$2.6M More

$1,280/SqFt

+$705 More

KEY TAKEAWAY

This property is $2.6M more than the Median Sold Price and $705/SqFt more than other homes in Clearwater Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #U8255576

Listing Office:

  • Office Name: ENGEL & VOLKERS BELLEAIR
  • Office Phone: (727) 461-1000
  • Listing Agent: Cammie Griffin

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 2024 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: 11/23/2024, 8:19:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$17.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.5K

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-846105
10
/10
  • Curtis Fundamental Elementary School

  • 531 Beltrees St

  • 2.73 miles

  • Public Magnet Grades KG-5

school-card-donut-846106
5
/10
  • Sandy Lane Elementary

  • 1360 Sandy Ln

  • 2.75 miles

  • Public District Grades PK-5

school-card-donut-846107
7
/10
  • Kings Highway Elementary Magnet School

  • 1715 Kings Hwy

  • 2.93 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $88,993. The most common annual income of people living in Clearwater Beach, FL is between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket HomesFloridaPinellas CountyClearwater Beach3376742 Somerset St

This home is located at 42 Somerset St in Clearwater Beach, FL and zip code 33767. This 2,734 square foot home, which was built in 1950, sits on a 0.15 acre lot. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $3,500,000.

While more than 2 listings in Clearwater Beach, FL in October 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 21 were sold below. The inventory of homes for sale in Clearwater Beach, FL between September 2024 and October 2024 decreased by 1.2%. Listings spent 108 days on the market in October 2024, and had a median list price of $814,833 during the same period.

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

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