- 5 beds
- 3 baths
- 2,364 sqft
55 Velma Drive WLargo, FL, 33770
- Price per sqft
- $259
- Days on market
- 77
- Listed
- Aug 6
About this property
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
Top Villas Intelligence
Projected rental revenue and ownership costs
Property details
- Property type
- Single Family Residence
- Street address
- 55 Velma Drive W
- City
- Largo
- State
- FL
- ZIP code
- 33770
- Year built
- 1957
- New construction
- No
- Faces
- West
- Rooms
- 5
- Building stories
- 1
- Living area
- 2,021 sqft
- Total building area
- 2,682 sqft
- Levels
- One
Price & sale history
Asking price reduced by $12,500 (2.3%) since first listed.
| Date | Event | Price | Change from previous recorded asking price |
|---|---|---|---|
| Price reducedMLS #TB8536306 | $522,500Change: −2.3%−$12,500 | −2.3%−$12,500 | |
| Listed for saleMLS #TB8536306 | $535,000 | Not applicable |
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