Updated Corner Unit with Pond
11440 HARBOR WAY 5009 Largo, FL 33774
11440 HARBOR WAY 5009, Largo, FL, 33774
$369,900
For Sale
$369,900
Updated first-floor corner unit with serene pond views and modern amenities.
Property Size1,200 SF
Lot Size0.79 Acres
Price / SF$308.25
Days on Market487
Property Features for 11440 HARBOR WAY 5009
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 0.79 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1985
Listing Agency
FLAT FEE MLS REALTY
(813) 642-6030
Listed by
Stephen Hachey · License #3389117
(813) 642-6030
Source
Exitrealty
Added: Mar 19, 2025 Checked: Jul 17 at 3:55 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 FLAT FEE MLS REALTY
Investment Insights
Based on property information with market context.
This first-floor corner unit offers a serene wraparound view of the Tanglewood pond. The unit features an updated kitchen with Quartz counters, a large walk-in shower in the master bathroom, ceramic tile floors, and plush carpeting. The split bedroom plan provides privacy, and a bonus garden room can serve as a den, office, or workout room. A unique extra storage room is located within the guest bedroom closet. The property is close to a heated pool and fitness center. Shipwatch offers two pools, two clubhouses, a fitness center, a hot tub, and free tennis for residents, all within a short walk to the beach. HOA fees cover building and ground maintenance and landscaping, building insurance, reserves, water, sewer, trash, cable television, pest control, pools, tennis, and two clubhouses. The HVAC system was replaced in 2024, along with new carpeting and painting. The kitchen was remodeled and new appliances were installed in 2021. The property is being sold as-is with no known defects. The property size is 1200 square feet.
Key Highlights
- Rare first‑floor corner unit with serene wraparound pond view.
- Updated kitchen with Quartz counters and remodeled in 2021 with new appliances.
- New (2024) HVAC, carpeting, and painting.
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 | $21.6k | $18.00 |
| − Vacancy | −$1.5k | −$1.28 |
| EGI | $20.1k | $16.72 |
| − OpEx | −$9.0k | −$7.52 |
| NOI | $11.0k | $9.20 |
1,200 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$157.7K
$138.0K – $184.0K
NOI $11,037 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.1K
$273.1K – $364.2K
NOI $21,849 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Updated first-floor corner unit with serene pond views and modern amenities.
Where is this residential income property located?
The property is located at 11440 HARBOR WAY 5009 Largo, FL.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Rare first‑floor corner unit with serene wraparound pond view.; Updated kitchen with Quartz counters and remodeled in 2021 with new appliances.; New (2024) HVAC, carpeting, and painting.
