27 days on rocket

5407 29th Ave S, Gulfport, FL, 33707

$1,200,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,207 SqFt
$374/SqFt
Multi

Location

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5407 29th Ave S, Gulfport$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingGuest, Off Street, Open
Year Built1940
HeatingCentral, Electric
CoolingCentral Air
MLS #TB8323293
Lot Size0.22 Acres
StatusActive

About 5407 29th Ave S

RARE GULFPORT INCOME-PRODUCING SINGLE FAMILY HOMES (3) W/ LEGAL AIRBNB GRANDFATHER STATUS | Exceptional Income-Producing Opportunity in Gulfport's Thriving Downtown This rare triple-bungalow property in the heart of vibrant downtown Gulfport, Florida, represents an exceptional investment opportunity. Generating an impressive annual rental income, these three charming bungalows are poised to deliver strong cash flow and long-term appreciation.Each bungalow which is a stand-alone structure x 3 is fully licensed for nightly rentals, an invaluable asset in this vibrant vacation destination. The three bungalows include a 3-bedroom, 2-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit. Ideally situated just steps from Gulfport's finest dining, shops, beach, marina, and entertainment, the property provides an unbeatable location for short-term guests seeking the authentic charm of this coastal town.With a combined total of six bedrooms and four bathrooms spread across the three units, the layout accommodates large groups and families comfortably. And with the properties being sold fully furnished, including all indoor and outdoor furnishings, this truly is a turnkey investment ready to generate income immediately. Also, for a value-add play, there is a wonderful opportunity to remodel and revamp the vibe to increase total rental income.Boasting classic bungalow architecture, in-unit laundry, and spacious outdoor amenities like a large courtyard, off-street parking, and lush landscaping, these meticulously maintained properties offer the historic character and modern conveniences that today's discerning travelers demand. Own knowing you have security in Flood Zone X which remained high and dry even during these last 2 storms of 2024. This investment is primed to capitalize on Gulfport's thriving vacation rental market. Don't miss this exceptional opportunity to own a highly profitable, low-maintenance portfolio of income-producing properties in one of Florida's most desirable coastal destinations.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Living Area: 3,207 SqFt

Listing Office:

  • Office Name: ENGEL & VOLKERS ST. PETE
  • Office Phone: (727) 295-0000
  • Listing Agent: Leisa Mohler-Erickson

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Ceramic Tile, Wood
  • Interior: Ceiling Fans(s), Living Room/Dining Room Combo

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Outdoor Grill, Sidewalk

Parking Information:

  • Parking: Guest, Off Street, Open

Virtual/3D Tour

  • Virtual Tour: 5407 29th Ave S
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Lot Features

Lot Information:

  • Lot: Corner Lot, City Lot, Landscaped, Near Public Transit, Bricked Street
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Head southbound on I-275. Take exit 19 towards 22nd Ave S. Turn left onto 49th St S, Right on 28th Ave S, Next left on 54th St S then right onto 29th Ave S. Property is on your right hand side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $374/SqFt

Tax Information:

  • Annual Amount: $8,542
  • Tax Year: 2020
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Housing Market Comparison

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

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Gulfport, FL

City

Med. Sold Price

$406.6K

Med. Price/SqFt

$352

Avg. Days On Market

84

# of Sold Homes

16

5407 29th Ave S vs Gulfport

27 DAYS ON ROCKET

-57 Days

$1,200,000

+$793.3K More

$374/SqFt

+$21 More

KEY TAKEAWAY

This property is $793.3K more than the Median Sold Price and $21/SqFt more than other homes in Gulfport, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #TB8323293

Listing Office:

  • Office Name: ENGEL & VOLKERS ST. PETE
  • Office Phone: (727) 295-0000
  • Listing Agent: Leisa Mohler-Erickson

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: 12/17/2024, 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

May 03, 2018Home Sold
$625,000
Aug 27, 2004Home Sold
$260,000

Tax History

YEARPROP. TAXASSESSMENT
2020$8,542$457,500
2019$8,290$440,000
2018$3,928$195,887
2017$3,603$201,812

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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-4342804
3
/10

  • Gulfport Elementary

  • 2014 52nd St S

  • 0.67 miles

  • Public Magnet Grades KG-5

school-card-donut-4342805
4
/10

  • Bear Creek Elementary

  • 350 61st St S

  • 1.90 miles

  • Public District Grades PK-5

school-card-donut-4342806
2
/10

  • Fairmount Park Elementary

  • 575 41st St S

  • 1.92 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 $37,596. The most common annual income of people living in Gulfport, FL is less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Pinellas County›Gulfport›33707›5407 29th Ave S

This home is located at 5407 29th Ave S in Gulfport, FL and zip code 33707. This 3,207 square foot home, which was built in 1940, sits on a 0.22 acre lot. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $1,200,000.

In November 2024, from all listings sold in Gulfport, FL there were more than 1 sold above asking price, over 13 sold below and more than 2 were sold right at the asked price. The inventory of homes for sale in Gulfport, FL between October 2024 and November 2024 increased by 24.2%. In November 2024, listings were on the market for 84 days. During the same period, the median list price in this real estate market was $406,633.

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

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