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Two-Cottage Short-Term Rental Property
For Sale
$3,500,000

42 Somerset St, Clearwater Beach, FL 33767

Two updated cottages with an in-ground pool, separate kitchens, and Tourist zoning near Clearwater Beach shops and restaurants.

Property Size2,734 SF
Price / SF$1,280
Days on Market727

Property Features for 42 Somerset St

General Information

Standard status Active
Size 2,734 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $11,228
Listing Agency: ENGEL & VOLKERS BELLEAIR
Listed By: Cammie Whalen · License #3267991
Source: Exprealty
Added: Sep 4, 2024 Changed: Aug 30 Last Checked: Aug 30 at 3:30AM

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 ENGEL & VOLKERS BELLEAIR

Investment Insights

Based on property information with market context.

This 2,734-square-foot short-term rental property includes two separate, fully updated cottages. The front cottage offers seven bedrooms and four bathrooms, including two bedroom suites with attached extra rooms and private doors. The rear cottage provides three bedrooms and two bathrooms. Both buildings feature wood-look tile flooring and updated kitchens with granite counters. An in-ground pool serves the backyard, while two washer-and-dryer sets support guest use.

The property is located approximately 150 steps from the sands of Clearwater Beach and near the beach’s shops and restaurants. Tourist zoning allows nightly rentals. Together, the two-cottage configuration provides distinct accommodations within a single property, with a combined 10 bedrooms and six bathrooms.

Key Highlights

  • Two separate, fully updated cottages totaling 2,734 square feet
  • Front cottage includes 7 bedrooms and 4 bathrooms
  • Back cottage provides 3 bedrooms and 2 bathrooms

Property Analytics

Current Use

Short term rental ...

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.

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
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Frequently Asked Questions

What type of property is this?
Short term rental property - Two updated cottages with an in-ground pool, separate kitchens, and Tourist zoning near Clearwater Beach shops and restaurants.
Where is this short term rental property located?
The property is located at 42 Somerset St 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, fully updated cottages totaling 2,734 square feet; Front cottage includes 7 bedrooms and 4 bathrooms; Back cottage provides 3 bedrooms and 2 bathrooms
More about this property
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