$2,500,000
4124 Harbor Circle S, Largo FL 33770
Details
Property Type Multifamily, Hospitality
Sub Type Single Family Rental Portfolio, Business and Building
Square Footage 3,130
Net Rentable (SqFt) 3,130
Units 1
Cap Rate 6.40%
Tenancy Single
Rent Bumps No
Pro-Forma Cap Rate 6.4%
Pro-Forma NOI $160,000
Price per SqFt $799
Class A
Year Built 1959
Year Renovated 2024,2026
Buildings 1
Stories 2
Acreage 0.310
Zoning R-3
Parking Spaces 4 spaces
Parking Per SqFt 1.28
Investment Type Value Add
Ground Lease No
Stabilized 6.4% Cap Rate on rare 510-Ft Waterfront Point Lot
Marketing description
Discover a rare, premium hospitality asset in Largo, Florida. Situated on a 0.31-acre cul-de-sac point lot, this fully renovated luxury waterfront estate operates as a stabilized, turn-key short-term rental business. Strategically configured as a 6-bedroom, 3-bathroom layout to capture the lucrative large-group travel segment, the property legally hosts up to 22 guests—driving an elite actual Average Daily Rate (ADR) of $1,001.84.
Investment Highlights
- Turn-Key Infrastructure: Sale includes all luxury, guest-optimized furnishings and a premium private vessel docked on-site for immediate operations or guest upsells.
- Rare Waterfront Footprint: Features 510 continuous linear feet of wide saltwater frontage and two composite docks with power and water to host multiple large vessels.
- Energy Infrastructure: Equipped with a modern, high-efficiency solar power grid, a 2-year-old roof, full impact glass, and a newer HVAC system—drastically minimizing operational utility overhead and protecting bottom-line margins.
- Regulatory Protection: Located in unincorporated Pinellas County (R-3 zoning), completely exempt from the strict short-term rental bans and minimum-night lease restrictions of neighboring beach cities.
Financial Summary: Offered at $2,500,000 (6.40% Cap Rate backed by verified TTM Hostaway actuals). The property is booked out through August already.
Investment highlights
1. Elite Revenue Generation with Turn-Key Luxury Vessel Included
- Exceptional $1,001.84 actual Average Daily Rate (ADR) achieved from January through May 2026, delivering a highly lucrative baseline for hospitality investors. The asset is offered 100% turn-key and fully furnished with high-capacity upscale decor. The sale includes a premium, private boat stationed on-site—serving as a high-ticket guest amenity or a luxury lifestyle asset for the next owner.
2. Rare Waterfront Footprint: 510 Linear Feet of Gulf Access Shoreline
- Situated on an expansive, premium 0.31 acre cul-de-sac point lot boasting an extraordinary 510 continuous linear feet of wide saltwater frontage. This massive, coastal footprint features two composite docks equipped with power and water, allowing the property to comfortably accommodate multiple large watercraft while providing guests with panoramic water views from nearly every room.
3. Optimized for High-Yield Scale & Unincorporated Zoning Protection
- Designed with a spacious 6-bedroom, 3-bathroom layout specifically engineered to capture the undersupplied and highly profitable large-group travel segment (sleeping up to 22 guests). Located in unincorporated Pinellas County with favorable R-3 zoning, the business is completely insulated from the strict short-term rental bans found in neighboring beach municipalities.
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