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Sold for $5,000,000
  • $5,000,000

    16 HEILWOOD STREET, CLEARWATER, FL 33767

    8beds
    5,058sqft
    Single Family Residence
    Built in 1938
    4,334 Square Feet Lot
    $5,155,400 Zestimate®
    $989/sqft
    $3,305 Estimated rent

    Home value

    $5,155,400

    $4.33M - $6.19M

    $3,305/mo

    Zestimate® history
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    What's special

    Fully furnishedHigh occupancy ratesLounge chairsFully stocked kitchensCommon area washersOcean viewsCrystal clear waters
    ***CALLING ALL INVESTORS - 10% CAP RATE*** BEACH/OCEAN VIEWS!!! TURN-KEY, 8-UNIT FULLY FURNISHED SHORT TERM RENTALS - JUST 10 STEPS FROM THE WHITE SANDS & CRYSTAL CLEAR WATERS OF CLEARWATER BEACH!!! Welcome to an incredible investment opportunity in the heart of Clearwater Beach. This fully furnished, turn-key, 8-unit short-term rental property boasts breathtaking beach and ocean views. With its prime location, recent renovations, high occupancy rates, and potential revenue, this property is a dream investment for savvy investors. This two-story building houses 8 fully remodeled units, each thoughtfully designed and meticulously furnished. The interiors have been updated with new appliances, quartz counter-tops, luxury vinyl plank flooring, fresh paint, modern showers/tubs, plumbing, and the list goes on. The fully stocked kitchens make it effortless for guests to feel at home during their stay. Additionally, there are storage areas, common area washers and dryers, and an elevated courtyard with a grill and lounge chairs for guests' enjoyment. Strategically located, this property offers guests the convenience of being a stroll away from a variety of restaurants, bars, shops, the marina, and popular tourist spots like Pier 60. Guests can enjoy leisurely walks to nearby beachfront restaurants and the white sands and crystal-clear waters of Clearwater Beach, making their stay truly unforgettable. This property boasts consistently high occupancy rates exceeding 90% since its conversion to short-term rentals. The market demand for upscale accommodations in this desirable location ensures a steady stream of guests seeking a luxurious beachfront getaway. The projected gross revenue for the upcoming year is anticipated to exceed $650,000, further highlighting the incredible revenue potential of this investment. Adding to its appeal, the property is zoned as "T - Tourist," allowing for nightly rentals, maximizing its income-generating potential. This unique zoning enables owners to fully capitalize on the popularity of Clearwater Beach as a top vacation destination. Don't miss out on this remarkable investment opportunity. Whether you are an experienced investor looking to expand your portfolio or a first-time investor seeking a turn-key income property, this beachfront 8-unit short-term rental property is an exceptional choice. Get ready to embark on a lucrative investment journey in Clearwater Beach!

    Zillow last checked:

    Listing updated:

    Listed by:

    Ali Soofi 478-457-5870,

    REALTY ONE GROUP ADVANTAGE 813-909-0909

    Bought with:

    Anthony Johnson, 3491618

    LKG REALTY

    Source: Stellar MLS,MLS#: U8223703MLS LogoOriginating MLS: Pinellas Suncoast

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    • Full bathrooms: 8
    Primary bedroom
    • Features: Built-in Closet
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • Central, Electric, Wall Units / Window Unit
    Cooling
    • Central Air, Wall/Window Unit(s)
    Appliances
    • Included: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
    • Laundry: Common Area
    Features
    • Built-in Features, Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Thermostat
    • Flooring: Ceramic Tile, Luxury Vinyl, Tile
    • Doors: Outdoor Grill, Outdoor Shower
    • Windows: Window Treatments
    • Has fireplace: No
    Interior area
    • Total structure area: 5,264
    • Total interior livable area: 5,058 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Balcony, Courtyard, Lighting, Outdoor Grill, Outdoor Shower, Rain Gutters, Sidewalk, Storage
    • Has view: Yes
    • View description: Water, Beach, Gulf/Ocean - Full, Gulf/Ocean - Partial, Gulf/Ocean to Bay
    • Has water view: Yes
    • Water view: Water,Beach,Gulf/Ocean - Full,Gulf/Ocean - Partial,Gulf/Ocean to Bay
    • Waterfront features: Beach Access, Gulf/Ocean Access, Gulf/Ocean to Bay Access, Intracoastal Waterway Access
    Lot
    • Size: 4,334 Square Feet
    • Dimensions: 50 x 87
    Details
    • Parcel number: 052915163620050140
    • Zoning: T-TOURIST
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Block, Vinyl Siding
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • Completed
    • New construction: No
    • Year built: 1938

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Street Lights, Water Connected

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: CLEARWATER BEACH REV
    HOA
    • Has HOA: No
    Location
    • Region: Clearwater Beach

    Financial & listing details

    • Price per square foot: $989/sqft
    • Annual tax amount: $20,587
    • Date on market: 12/11/2023
    • Cumulative days on market: 45 days
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Concrete

    Price history

    DateEventPrice
    3/19/2024Sold$5,000,000-3.8%$989/sqft
    Source: Stellar MLS #U8223703 Report a problem
    1/26/2024Pending sale$5,199,500$1,028/sqft
    Source: Stellar MLS #U8223703 Report a problem
    12/11/2023Listed for sale$5,199,500$1,028/sqft
    Source: Stellar MLS #U8223703 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Clearwater Beach

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,155,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,155,400