Under contract-accepting backup offers. Prime Investment Opportunity with Price Improvement!
Discover exceptional investment potential in this ideally located property—just 2 minutes from Downtown Safety Harbor and directly across from the Bayshore Pedestrian Trail. This sought-after location is within walking distance to Nova Southeastern University, only 15 minutes to Tampa International Airport,… Read More and 20 minutes to the Gulf beaches, offering unbeatable appeal for both short-term and long-term rental markets.
The property features two versatile units:
• Main Unit: 1,600 sq. ft. | 3 Bedrooms | 2 Bathrooms
• Second Unit: 851 sq. ft. | 2 Bedrooms | 1 Bathroom
This flexible configuration allows for multiple rental strategies—live in one unit and rent the other, or lease both for maximum cash flow. Situated on a 0.314-acre lot, the property offers ample space for future development, expansion, or upgrades. There’s even the potential to subdivide the parcel into two lots, significantly increasing overall value and ROI potential.
While the property was impacted by Hurricane Helene and is being sold as-is, this represents an exciting rebuild or redevelopment opportunity. The City of Safety Harbor and FEMA have cleared the property for refurbishment (see attached FEMA substantial damage letter). It is located in an AE flood zone, and the existing flood policy can be transferred to the new owner under a “Policy Assumption” (buyers should confirm details with their insurer).
Additional highlights include:
• Hurricane-rated windows (installed 2020) with lifetime transferrable warranty
• City and FEMA clearance for renovation
• Outstanding location near key employment, education, and recreation hubs
This property is a rare find for investors seeking strong rental income, value-add potential, and a prime Safety Harbor location with tremendous future upside. Read Less
Courtesy of COASTAL PROPERTIES GROUP INTERNATIONAL 727-493-1555
Listing Snapshot
Days Online
210
Last Updated
Property Type
Single Family Residence
Beds
5
Full Baths
3
Square Ft.
2,451
Lot Size
0.31 Acres
Year Built
1973
MLS Number
TB8352945
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Microwave
Building
Built in 1973, Living area: 2451, Living area units: Square Feet, Building faces East, 1 storey, Levels: One, Construction Materials: Block
Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed 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 be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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