42 Somerset Street

Clearwater Beach, FL 33767

$3,500,000
Price
Beds
2,734 Sq. Ft.
$1,280 / Sq. Ft.
2,734
Sq. Ft.
$1,280
per Sq. Ft.

Description

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...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!
  1. Listed by Cammie Whalen • ENGEL & VOLKERS BELLEAIR
    P: (727)-902-3090 C: (727)-902-3090 cammie.griffin@engelvoelkers.com

Property Details for 42 Somerset Street

Subdivision Name
MANDALAY UNIT 5 REP
Township
29
View
Garden
Waterfront
No
Furnished
Turnkey
LISTING UPDATED: 12/13/2024 05:49 PM

Property Details for 42 Somerset Street

StatusActive
MLS #U8255576
Days on Market110
Taxes$11,228 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1950
Lot Size0.15 AC / 6,432 SF
CountyPinellas County

Building Information for 42 Somerset Street

Stories-Residences2Year Built1950Building Size-Lot Size0.15 AC / 6,432 SF

Property Information for 42 Somerset Street

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 2998.0
  • Building Area Units: Square Feet
  • Directions: Heading North on Mandalay, go East on Somerset. Property will be on the left.
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Road Frontage Type: Street Paved
  • Senior Community: No
  • Unit Number: No
  • Street Number: 42
  • Street Name: Somerset
  • Street Suffix: STREET
  • State: FL
  • City: CLEARWATER BEACH
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: No
  • Parking Features: Off Street
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Pet Restrictions: Verify any pet restrictions with municipality.
  • Tax Block: 83
  • Tax Book Number: 20-48
  • Tax Legal Description: MANDALAY UNIT NO. 5 REPLAT BLK 83, LOT 7 AS DESC. IN PL 20 PG 27
  • Tax Lot: 7
  • Tax Year: 2023
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: In County, Landscaped, Level
  • Lot Size Dimensions: 60 x 110
  • Parcel Number: 052915547560830070
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Living Area: 2734
  • Lot Dimensions: 60 x 110
Property and Assessments
  • Year Built Numeric: 1950
  • Flood Zone Code: AE
  • Homestead: No
  • New Construction: No
  • Property Condition: Completed
  • Public Survey Range: 15
  • Public Survey Section: 05
  • Dock YN: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Public
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Fenced, Outdoor Grill
  • Foundation Details: Slab
  • Levels: One
  • Pool Features: Gunite, In Ground
  • Pool Private: Yes
  • Pool: None
  • Pool Private: Yes
  • Roof: Shingle
  • Security Features: Smoke Detector(s)
  • Spa: No
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Tile
  • Heating: Central
  • Interior Features: Ceiling Fan(s), Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Window Treatments
  • Laundry Features: Laundry Closet, Outside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
  • Window Features: Blinds, Window Treatments
Multi Family
Multi-Family Information
  • Annual Net Income: $222,254.00
  • Gross Income: $272,577
  • Unit Count: 2
Rental
Rental Information
  • Minimum Lease Period: 0
  • Pets Allowed: Yes

Property History for 42 Somerset Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 42 Somerset Street

Taxable ValueLand-Additions-Total-
Tax Record2023$11,228 ($936 / month)
Home Facts
Baths6Total Finished SqFt1,626 SqFtAbove Grade Finished SqFt1,626 SqFtStories1Lot Size6,434 SqFtStyleHotel / MotelYear Built1950Year Renovated1997CountyPINELLASAPN05-29-15-54756-083-0070

Schools near 42 Somerset Street

This home is within Pinellas.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 4 to 9
Rating
School
Distance
Sandy Lane Elementary School
PublicPK to 5

Dunedin Highland Middle School
Public6 to 8

Clearwater High School
Public9 to 12

Clearwater Intermediate School
Public4 to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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42 Somerset Street is a multi-family home for sale in Clearwater Beach, FL 33767. This property was listed for sale on September 3, 2024 by ENGEL & VOLKERS BELLEAIR, it's currently listed at $3,500,000. It has been on the market for a total of 110 days and was last sold on July 31, 2006. This listing's school district is Pinellas. Nearby schools include Sandy Lane Elementary School, Dunedin Highland Middle School and Clearwater High School. 42 Somerset Street is a 0-bed, 0-bath, 2,734 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ENGEL & VOLKERS BELLEAIR, Cammie Whalen

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 12/13/2024 05:49 PM