REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tim Oyler

tim@paramounthomegroup.com +1(813) 590-6295

Listed by Bill Kulaga AGILE GROUP REALTY

Est. payment | -/mo

2 Beds

2 Baths

1,276 SqFt

Save

Est. payment | -/mo

Save

2 Beds

2 Baths

1,276 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,276 sqft

Subdivision Milton Park

MLS Listing ID MFRTB8536484

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1946

Annual Tax Amount $3,975

Tax Year 2025

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 83x127

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

Rare Clearwater investment opportunity with multiple exit strategies. Whether you are an investor, builder, or end user looking for land value, rental potential, and future upside, this oversized property offers the flexibility to live, lease, expand, or redevelop in one of Clearwater's active growth corridors. Situated on an 83' x 127' quarter-acre lot with rear alley access, this property is currently configured as a duplex with two 1- bedroom, 1-bath units. The property has no rental history due to owner use, but projected rental potential is estimated at approximately $2,500 per unit per month, depending on final use, condition, rental strategy, and market demand. The real value is in the land, zoning, and flexibility. The property offers potential for duplex, triplex, or fourplex use, giving a future owner several possible paths to increase value: maintain the existing duplex, live in one unit and rent the other, lease both units for income, explore conversion or expansion into a triplex or fourplex, or redevelop the oversized lot with new construction. Buyer should verify zoning, permitted uses, density, rental projections, and redevelopment options with the City of Clearwater. The existing block construction and recent updates — including HVAC, cabinetry, and appliances — allow for continued use while preserving long-term upside. This makes the property especially appealing for buyers who want income potential now with the ability to plan future improvements or redevelopment. Location continues to drive demand. The property is conveniently positioned within a short drive to Clearwater Beach and the Gulf, with easy access to Tampa International Airport, Downtown St. Petersburg, shopping, dining, and major employment corridors. This central location supports strong long-term rental appeal and future resale value. Large lots with this level of flexibility — live-in potential, income-producing use, and redevelopment upside — are becoming increasingly rare in Clearwater. For the buyer looking to control land, create income, and unlock future value, this is a Clearwater opportunity worth serious attention.

Location

State FL

County Pinellas

Community Milton Park

Area 33756 - Clearwater/Belleair

Interior

Interior Features Thermostat

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Furnishings Unfurnished

Fireplace false

Appliance Range, Refrigerator

Laundry Common Area

Exterior

Exterior Feature Rain Gutters, Sidewalk

Utilities Available Cable Available, Electricity Available, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition None

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(813) 590-6295

tim@paramounthomegroup.com

Tampa, FL, USA

Learn More About LPT Realty

831 GRAND CENTRAL ST Clearwater, FL 33756