$3,500,000
42 Somerset Street
Clearwater Beach, FL 33767
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
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!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history361 days on market
- Status: ActiveSep 4, 2024
- Listed$3,500,000Sep 3, 2024
- Price increased$3,500,000
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Active
- Days on market
- 361
- Subdivision
- Mandalay Unit 5 Rep
- County
- Pinellas
- Year built
- 1950
- Living area
- 2,734 sq ft
- Price/sq ft
- $1,280
- Building area
- 2,998 sq ft (Public Records)
- Lot size
- 6,432 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AE
- Pool
- Private pool
- Annual taxes
- $11,228 (2023)
- Parcel #
- 05-29-15-54756-083-0070
- MLS #
- U8255576
Interior Details
- Bedrooms
- 7
- Flooring
- Tile
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
- Interior features
- Ceiling Fans(s), Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Window Treatments
- Laundry
- Laundry Closet, Outside
- Stories / Levels
- One
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Attached garage
- No
- Parking features
- Off Street
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Additional lease restrictions
- Verify with municipality.
Exterior & Construction
- Exterior features
- Fence, Outdoor Grill
- Construction materials
- Block
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Private pool
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Community
- Pets allowed
- Yes
Listing Details
- Listing date
- 2024-08-30
- On market date
- 2024-09-03
- Original list price
- $3,500,000
- Occupant type
- Tenant
- MLS area
- 33767 - Clearwater/Clearwater Beach
- Listing AOR
- Pinellas Suncoast
- Status changed
- 2024-09-04
- Tax legal description
- MANDALAY UNIT NO. 5 REPLAT BLK 83, LOT 7 AS DESC. IN PL 20 PG 27
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Heading North on Mandalay, go East on Somerset. Property will be on the left.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of August 30, 2025 at 2:05 PM ET. 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 or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA