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
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 Clearwater Beach, FL.
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
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.
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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$17.5K
Per Month
Principal & Interest
$17.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ 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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
10
/10
Curtis Fundamental Elementary School
531 Beltrees St
Distance between this listing and this school2.73 miles
Public Magnet Grades KG-5
5
/10
Sandy Lane Elementary
1360 Sandy Ln
Distance between this listing and this school2.75 miles
Public District Grades PK-5
7
/10
Kings Highway Elementary Magnet School
1715 Kings Hwy
Distance between this listing and this school2.93 miles
Public Magnet Grades PK-5
Nearby Schools
1
/10
Clearwater Intermediate School
1220 Palmetto St
Distance between this listing and this school2.60 miles
Public District Grades 4-9
4
/10
Dunedin Highland Middle School
70 Patricia Ave
Distance between this listing and this school3.03 miles
Public Magnet Grades 6-8
9
/10
Clearwater Fundamental Middle School
1660 Palmetto St
Distance between this listing and this school3.74 miles
Public Magnet Grades 6-8
Nearby Schools
4
/10
Dunedin High School
1651 Pinehurst Rd
Distance between this listing and this school4.38 miles
Public Magnet Grades 9-12
3
/10
Clearwater High School
540 S Hercules Ave
Distance between this listing and this school4.73 miles
Public Magnet Grades 9-12
1
/10
Pinellas Teleschool
2235 NE Coachman Rd
Distance between this listing and this school5.17 miles
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.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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.