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$522,500

5 Beds 3 Baths 2,021 SQFT 0.19 Acres
Type: Single Family

55 VELMA DRIVE W
LARGO, FL 33770

MLS#: TB8536306
Sandra Warfield
Sandra Warfield
The Real Estate Advantage
Agent
Phone: 612.845.4833
Office: 952.226.7700
Presented by: DALTON WADE INC with 888-668-8283. - 888-668-8283

Property Description

 

WELCOME TO 55 VELMA DR. W LARGO, FLORIDA! A highly lucrative, move-in ready or turn-key investment property specifically configured as a high-yield short-term rental (STR). Featuring 5 bedrooms and 3 full bathrooms, this 2,021-square-foot single-story home comes fully furnished and completely ready for immediate occupancy or immediate listing on platforms like Airbnb and VRBO. Offers a king-size bed, desk area, large walk-in closet, and an en-suite bathroom with a double vanity, walk-in shower, and jacuzzi bathtub. Features a split-bedroom plan; one attached guest bedroom can be closed off for private use. Includes a kitchen island with seating for 3, a dining room table that seats 6, a Keurig coffee maker, and a Ninja blender. The Living space Outfitted with a large sectional couch and a Smart TV. Game Room: The air-conditioned garage has been converted into an entertainment space with mini-golf, video games, foosball, basketball, and a full walk-in shower bathroom. PROPERTY HIGHTLIGHTS: + Sleeps 10: Large space for families and groups. + Full Furnishings: New furniture, beds, and kitchen tools. + Game Room: Air-conditioned garage with mini-golf and games. + Split Layout: Private lock-off wing and separate guest entrance. + Close to Beach: Just over 2 miles to the Gulf of Mexico( Belleair beach and Indian Rocks Beach) - Outdoor Space: Large deck, covered patio, and outdoor lights. - Parking: Driveway fits up to 4 cars. - Nearby Spots: Walk to local food and shops. Under a mile to the hospital. INCOME POTENTIAL Based on AirDNA market benchmarks for Largo and the adjacent coastal areas, this property is uniquely positioned to significantly outperform the local market median due to its 10-guest capacity, premium game room conversion, and smart income-generating layout Projections Over View: - Conservative base line: Average Daily Rate (ADR): $310, Projected Occupancy of 52%, and Annual Gross Revenue is $58,838 - Realistic Target: '' '' '' '' '' '' '' '' '' '' '' '' '' '' : $395, '' '' '' '' '' '' '' '' '' '' '' '' '' 58%, '' '' Annual Gross Revenue is $83,622 - Optimized Premium: '' '' '' '' '' '' '' '' '' '' '' '' '' '' : $480, '' '' '' '' '' '' '' '' '' '' '' '' '' 63%, '' '' Annual Gross Revenue is $110,376


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Half Baths0
Total Baths3

Other Interior Features

LivingAreaSource0 sqft
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile, Luxury Vinyl
Furnished Y/NTurnkey
Heating Y/NYes
Interior AmenitiesNinguno, Primary Bedroom Main Floor, Stone Counters
Laundry FeaturesIn Garage
Total Stories1

General

Additional Parcels Y/NNo
AppliancesCooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Attached Garage Yes
Building Area Units0 sqft
Carport Y/NNo
CityLARGO
Construction MaterialsBlock, Stucco
CoolingCentral Air
CountyPinellas
DirectionsTake West on Eat to Bay- turn right onto Velma Dr. The second house on the right hand side.
Elementary SchoolMildred Helms Elementary-PN
Facing DirectionWest
Flood Zone CodeX
Flood Zone Code XY
Full Baths3
Garage Spaces2
Garage Y/NYes
HeatingCentral
High SchoolLargo High-PN
Home Warranty Y/NNo
In Law Suite YNNo
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionVELMA MANOR BLK B, LOT 3 LESS N 6.2FT & N 3FT OF LOT 2
LevelsOne
Listing TermsCash, Conventional, FHA, VA Loan
Living Area Units0 sqft
Lot Size Square Feet8215
Lot Size UnitsSquare Feet
MLS Area33770 - Largo/Belleair Bluffs
Middle/Junior High SchoolLargo Middle-PN
Minimum Lease1-7 Days
New ConstructionNo
Occupancy TypeVacant
OwnershipFee Simple
Property ConditionCompleted
Property SubtypeSingle Family Residence
Property TypeResidential
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameVELMA MANOR
Tax Annual Amount$8,055
Tax Lot3
Tax Year2025
Total Rooms5
UtilitiesCable Connected, Electricity Connected, Public, Sewer Connected
Virtual TourClick here
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1957

Exterior

Building Area Total2,682 sqft
Covered Spaces2
Exterior AmenitiesOutdoor Grill
Foundation DetailsSlab
Lot Dimensions76 x 107
Lot FeaturesCleared, City Lot
Lot Size Acres0.19
Lot Size Area8,215 sqft
Private PoolNo
Road Surface TypePaved
SpaNo
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

  

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$522,500

5 Beds 3 Baths 2,021 SQFT 0.19 Acres
Type: Single Family

55 VELMA DRIVE W
LARGO, FL 33770

MLS#: TB8536306
Sandra Warfield
Sandra Warfield
The Real Estate Advantage
Agent
Phone: 612.845.4833
Office: 952.226.7700