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Updated Duplex with Private Pool
For Sale
$3,500,000

42 SOMERSET Street, Clearwater Beach, FL 33767

Residential Income, CLEARWATER BEACH, FL

Property Size2,734 SF
Lot Size0.15 Acres
Price / SF$1,280
Days on Market732

Property Features for 42 SOMERSET Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bedroom 7, Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 5
Parking features Off Street
Window features Blinds, Window Treatments
Pets allowed Yes
Pool private 1
Interior features Ceiling Fans(s), Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Window Treatments
Exterior features Fence, Outdoor Grill
Fencing Fenced
Appliances Dishwasher, Dryer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
Subdivision MANDALAY UNIT 5 REP
Lot features In County, Landscaped, Level, Paved
Directions Heading North on Mandalay, go East on Somerset. Property will be on the left.
Standard status Active
APN 05-29-15-54756-083-0070
Size 2,734 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description MANDALAY UNIT NO. 5 REPLAT BLK 83, LOT 7 AS DESC. IN PL 20 PG 27
Tax Annual Amount 11228
Legal Description MANDALAY UNIT NO. 5 REPLAT BLK 83, LOT 7 AS DESC. IN PL 20 PG 27

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Amenities

pool
washer/dryer

Building Details

Year built 1950
Floors in Building 1
Number of units 2
Flooring type Tile
Building materials Block
Roof type Shingle
Listing Agency: ENGEL & VOLKERS BELLEAIR · Engel & Völkers
Listed By: Cammie Whalen · License #3267991
Added: Aug 30, 2024 Changed: Aug 20 Last Checked: Aug 31 at 1:06AM
MLS# U8255576

Copyright © 2026 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,734-square-foot duplex property includes two separate cottages on a 0.15-acre lot. The front cottage offers 7 bedrooms and 4 bathrooms, including two suites with attached rooms, while the rear cottage provides 3 bedrooms and 2 bathrooms. Both buildings feature tile flooring, updated kitchens with stone or granite counters, central heating and cooling, and solid wood cabinetry. A private in-ground pool, fenced yard, outdoor grill, and off-street parking add to the property’s physical amenities. Two washer-and-dryer sets are included, along with a range, refrigerators, dishwashers, microwaves, and tankless water heaters.

The property is located 150 steps from Clearwater Beach’s sands and near the area’s shops and restaurants. Tourist zoning permits nightly rentals. Built in 1950, the block construction, public water, and public sewer support the existing two-building configuration.

Key Highlights

  • Two separate cottages with 10 bedrooms and 6 bathrooms combined
  • Front cottage includes 7 bedrooms, 4 bathrooms, and two suites with attached rooms
  • Rear cottage offers 3 bedrooms and 2 bathrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Auto Repair Shop Plumbing Service Grocery & Convenience Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

398
Businesses Nearby

Demographics for 33767, FL

8,462
Population
8,806
Households
1
Avg Household Size
64
Median Age
55%
College-Educated
97%
High-School Grad
2.0 sq mi
ZIP Area
4,231
Density / Sq Mi
$105,662
Median Household Income
$76,977
Median Earnings
$2,033
Median Rent
$704,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Tourist-zoned property with two detached cottages, updated kitchens, and accommodations suited to nightly rentals.
Where is this duplex located?
The property is located at 42 SOMERSET Street Clearwater Beach, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Two separate cottages with 10 bedrooms and 6 bathrooms combined; Front cottage includes 7 bedrooms, 4 bathrooms, and two suites with attached rooms; Rear cottage offers 3 bedrooms and 2 bathrooms
More about this property
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