$3,400,000
111 Lady Mary Drive
Clearwater, FL 33755
Listing updated: July 14, 2026 at 5:09 PM ET
Listing courtesy of G&R Real Estate Brokerage, Llc · William Gryboski · MLS #A4697854 · Active · 404-368-8072Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Kings Court Apartments - an 18-unit value-add multifamily asset in central Clearwater, minutes from downtown and the Gulf beaches and directly across from Clearwater Country Club. The mix is seven 1BD/1BA and eleven 2BD/1BA in a two-story CBS garden-style building. Major capital is already in place: a 40-year TPO roof installed within the last ~3 years, newer HVAC across most units, copper wiring, and a resurfaced lot - the next owner's capital goes into interiors, not systems. In-place rents (avg ~$1,366) sit well below a renovated pro forma (~$1,694), with staggered 2026-27 lease expirations offering a turn-by-turn mark-to-market path supported by a comp set averaging ~$1,676. Trailing NOI ~$220K; pro forma ~$242K. Laundry and RUBS utility reimbursement add income. Tours by appointment through Rider RE only - please do not disturb tenants.
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 history22 days on market
- Status: ActiveJun 23, 2026
- Listed$3,400,000Jun 22, 2026
- Price increased$3,400,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 22
- Subdivision
- Brookwood Terrace Rev
- County
- Pinellas
- Year built
- 1973
- Living area
- 13,056 sq ft
- Price/sq ft
- $220
- Building area
- 15,448 sq ft (Public Records)
- Lot size
- 23,235 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- AE (12103C0108J)
- Annual taxes
- $27,093 (2025)
- Parcel #
- 15-29-15-12276-001-0050
- MLS #
- A4697854
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Interior Details
- Appliances
- Refrigerator
- Stories / Levels
- Two
- Direction faces
- Undetermined
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Commercial Financing
- Ownership
- Fee Simple
Exterior & Construction
- Construction materials
- Block
- Roof
- Membrane
- Foundation
- Slab
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Available, Public, Water Connected
Listing Details
- Listing date
- 2026-06-22
- On market date
- 2026-06-22
- Original list price
- $3,400,000
- Occupant type
- Tenant
- MLS area
- 33755 - Clearwater
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-06-23
- Tax legal description
- BROOKWOOD TERRACE REVISED BLK 1, LOTS 5,6 AND N 1/2 OF LOT 7
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
From Sunset Point Rd, turn south onto N Lady Mary Dr; 111 N Lady Mary Dr is on the property directly across from Clearwater Country Club.
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Listing provided by Stellar MLS
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 July 14, 2026 at 5:09 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.
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