Spacious Condo with Golf Course
225 COUNTRY CLUB DRIVE 1207 Largo, FL 33771
225 COUNTRY CLUB DRIVE 1207, Largo, FL, 33771
$245,000
Pending
For Sale
$245,000
Pending
Comfortable 2-bedroom condo with updated kitchen and serene views.
Property Size1,440 SF
Days on Market655
Property Features for 225 COUNTRY CLUB DRIVE 1207
General Information
- Standard status
- Pending
- Size
- 1,440 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1975
Listing Agency
COASTAL PROPERTIES GROUP INTERNATIONAL
(727) 515-1418
Listed by
Heloise Povey · License #3327338
(727) 515-1418
Source
Exitrealty
Added: Oct 5, 2024 Updated: Jul 6 at 12:03 pm Checked: Jul 20 at 2:04 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COASTAL PROPERTIES GROUP INTERNATIONAL
Investment Insights
Based on property information with market context.
This spacious, low-maintenance, 2-bedroom, 2-full bath, 2nd-floor condo is located in Building F of Penthouse Greens, in a quiet neighborhood in a central Pinellas location. The west-facing living, dining, and kitchen areas offer views overlooking the community pond and greenspace of East Bay Golf Club. The updated kitchen features shaker-style cabinets, ample storage and counter space, and a spacious closet pantry. The large primary bedroom includes an oversized walk-in closet and an ensuite bathroom with a double sink vanity and separate tub/shower/toilet area. There is a good-sized 2nd bedroom and a full guest bathroom with a walk-in shower. The unit also features an inside laundry room with a washer and dryer. A newer impact living room window and sliders have been installed. The water heater was replaced in 2019, and the HVAC system was installed in 2008. In addition to in-unit storage, there is an assigned storage locker on the same floor, suitable for storing bikes. The building has two elevators. The unit comes with an assigned covered carport and plenty of guest parking. The association is well-run and proactive, with low monthly fees covering cable, high-speed internet, building insurances, water/sewer, trash, grounds and building exterior maintenance, a community pool, and two club rooms. Recent association projects include a roof replacement in 2018 and restoration work to balconies, railings, and walkways completed between 2021-2023. The special assessment for this work has been paid in full by the seller. A milestone inspection was completed in September 2023 with no issues identified. The building is of all-concrete construction and is located in a non-flood zone. Note that this is a no-pets building. The property size is 1440 square feet.
Key Highlights
- Serene direct views overlooking the community pond and greenspace of East Bay Golf Club from west‑facing living areas, offering gorgeous sunset skies.
- Low monthly fees cover cable, high‑speed internet, building insurances, water/sewer, trash, grounds and building exterior maintenance, community pool, and 2 club rooms.
- Updated kitchen with shaker‑style cabinets, plenty of storage and counter space, and a spacious closet pantry.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.9k | $18.00 |
| − Vacancy | −$1.8k | −$1.28 |
| EGI | $24.1k | $16.72 |
| − OpEx | −$10.8k | −$7.52 |
| NOI | $13.2k | $9.20 |
1,440 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$189.2K
$165.6K – $220.7K
NOI $13,244 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$374.6K
$327.7K – $437.0K
NOI $26,219 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sea Towers Condominium
Real Estate Agency
The Fairway at Penthouse Greens
Condominium Complex
Solar Mania USA ...
Production Facility
Tom and Julie's Condo
Hotel & Motel
Penthouse Greens - Building ...
Condominium Complex
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FAQs
What type of property is this?
Residential income property - Comfortable 2-bedroom condo with updated kitchen and serene views.
Where is this residential income property located?
The property is located at 225 COUNTRY CLUB DRIVE 1207 Largo, FL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Serene direct views overlooking the community pond and greenspace of East Bay Golf Club from west‑facing living areas, offering gorgeous sunset skies.; Low monthly fees cover cable, high‑speed internet, building insurances, water/sewer, trash, grounds and building exterior maintenance, community pool, and 2 club rooms.; Updated kitchen with shaker‑style cabinets, plenty of storage and counter space, and a spacious closet pantry.
