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Active · Multi-Family

42 SOMERSET STREET

CLEARWATER BEACH, FL 33767

Beds
7 beds
Baths
4 baths
Area
2,734 sqft
Multi-FamilyBuilt 19506,432 sqft lotCentralCentral AirPool$1280/sqft717 days on market

About this home

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!

Facts & features

Interior

Bedrooms
7
Bathrooms
4
Living area
2,734 sqft
Heating
Central
Cooling
Central Air
Flooring
Tile
Features
Ceiling Fans(s), Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters…
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Tankless Water Heater…

Exterior & lot

Lot size
6,432 sqft (0.15 ac)
Pool
Yes
Roof
Shingle
Construction
Block
Exterior
Fence, Outdoor Grill

Financial

Annual tax
$11,228 (2023)
Price / sqft
$1280/sqft

Utilities

Water
Public
Sewer
Public Sewer
Utilities
Public

Property

Property type
Multi-Family
Year built
1950
Subdivision
MANDALAY UNIT 5 REP
County
Pinellas

Listing

Status
Active
Days on market
361 days
MLS #
MFR735450125
Source
Stellar MLS

Listed by Cammie Whalen · ENGEL & VOLKERS BELLEAIR

Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.

RRENA ValiQRENA ValiQ is an estimated value, blended from public sale comps, neighbourhood trend and this listing’s own metrics. It is a reference, not a guaranteed or asking price. The final number moves on diligence, terms and timing.Estimate

Sample estimate — not an appraisal

$3.37M
−3.7% vs asking
$3.16M low$3.58M high

Based on 22 comparable sales within 3 miles of CLEARWATER BEACH, FL, this home is priced over RENA ValiQ.

Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.

Estimate your monthly cost

PITI + HOA
Estimated monthly payment$18,834/mo
Principal & interest
$17,698/mo
Property tax
$936/mo
Home insurance
$200/mo

Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.

Ask about this property

Answered from this listing’s own figures and the sales around it.

Price history

From the property’s MLS record.

DateEventPriceChange
Aug 30, 2024Listed$3,500,000

NeighbourhoodSample data

Reference scores for CLEARWATER BEACH, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.

Walk Score
75/ 100
Very walkable
Transit Score
56/ 100
Good transit
Bike Score
61/ 100
Bikeable
Elementary school
Not listed
Not named in the MLS record for this home
Middle school
Not listed
Not named in the MLS record for this home
High school
Not listed
Not named in the MLS record for this home

Location

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