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    Penthouse Condo with Panoramic Views Title is generated by Realmo AI

    1200 COUNTRY CLUB DRIVE 6302, Largo, FL 33771

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    For Sale
    $349,900

    Exquisite 2-bedroom penthouse condo with lake and golf course views.

    Type:Condo/Townhome
    Property size:
    1,320 SF
    Price / SF:
    $265/SF
    Added:
    Aug 30, 2024
    Days on Market:
    644
    Last Refresh:
    May 20 at 12:39 am

    Property Features for 1200 COUNTRY CLUB DRIVE 6302

    General Information

    Standard status
    Active
    Size
    1,320 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Deidre Gray

    Listing agent Deidre Gray License #3519545

    Listing office MAVREALTY

    Listing date Aug 30, 2024

    Source Exitrealty

    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 MAVREALTY

    HighLights

    • Price Improvement: Significant price reduction to $349,900.
    • Penthouse Condo with Panoramic Views: Enjoy breathtaking panoramic views of the lake and golf course from this exquisite 2‑bedroom, 2‑bathroom penthouse.
    • Hurricane Secure & Structurally Sound: Elevated and secure building with a completed SIRS showing good financial and structural shape.
    • Move‑in Ready with Modern Updates: Features an updated kitchen with wood plank ceramic tile, granite countertops and backsplash, upgraded hardware, and 2023 Samsung stainless steel appliances.
    • Expansive Balcony: West‑facing, covered, and screened‑in 140 sq ft balcony accessible from living room and primary bedroom, perfect for sunsets.
    • Resort‑Style Amenities & Low HOA: Access to a heated pool, hot tub, resort‑style clubhouse, and low HOA fees covering cable, internet, water, insurance, and grounds maintenance.

    Overview

    This move-in-ready, exquisite penthouse condo features two bedrooms and two bathrooms, offering panoramic views of a serene lake and lush golf course. The residence provides a lifestyle of tranquility and sophistication. The open living room, dining area, and kitchen concept welcomes you upon entering. The kitchen includes wood plank ceramic tile, granite countertops and backsplash, upgraded kitchen hardware, a 2023 Samsung refrigerator, and stainless steel appliances. A west-facing covered and screened-in 140 sq ft balcony, accessible from both the living room and primary bedroom, offers views. The expansive primary suite features his and hers walk-in closets, an ensuite bathroom with double vanities with quartz countertops, top tier sink fixtures, an oversized walk-in shower, and a private toilet closet. The split bedroom plan ensures privacy. The second bedroom is versatile enough to serve as an office or an additional bedroom with room for bunkbeds and a full-size bed. The HVAC was replaced in 2018. The building has a new roof. Located in Building Six of Country Club Condos, this unit provides a designated parking space with convenient elevator access and includes in-unit laundry. The HOA fee includes cable, internet, water, property insurance, and maintenance of the grounds. Community amenities include a heated pool, hot tub, and a resort-style clubhouse with a full kitchen, lounge area, and a private meeting room. The community is pet-friendly, allowing two pets up to 25 lbs, and welcomes residents with a minimum rental period of three months. A professional Association Manager is available. The East Bay Golf Course is nearby. The condominium community is a short drive away from Gulf beaches, restaurants, and the Seminole and Largo Malls, and is 20-30 minutes to Tampa and St Pete.
    Property Profile Location Intelligence

    Current Use by Public Records

    Country Club Condo ... Condominium Complex Lollie Crenshaw, PT Medical Clinic Best Insurance Yet Insurance Agency Howard Rothman Attorney Law Firm The Center for Applied Leadership Consultant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.768726
    Latitude
    27.911771

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    FAQs

    What type of property is this?
    Residential income property - Exquisite 2-bedroom penthouse condo with lake and golf course views.
    Where is this residential income property located?
    The property is located at 1200 COUNTRY CLUB DRIVE 6302 Largo, FL.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Price Improvement: Significant price reduction to $349,900.; **Penthouse Condo with Panoramic Views:** Enjoy breathtaking panoramic views of the lake and golf course from this exquisite 2‑bedroom, 2‑bathroom penthouse.; Hurricane Secure & Structurally Sound: Elevated and secure building with a completed SIRS showing good financial and structural shape.
    (813) 892-2456
    We can help!
    Listing Contact
    Deidre Gray
    Real Estate License ID: 3519545
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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