42 SOMERSET STREET Clearwater Beach, FL $ 3,500,000
42 SOMERSET STREET
$ 3,500,000
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42 SOMERSET STREET

Clearwater Beach, FL, 33767
$ 3,500,000
Bedrooms7 Baths4.0 Sq 2,734

Monthly Estimate*

$ 21,550

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Multi-Family Home for sale in Clearwater Beach, FL

for $3,500,000 with 7 bedrooms and 4 full baths. This 2,734 square foot home was built in 1950 on a lot size of 0.15.

Exceptional & rare short-term rental opportunity with a prime Clearwater Beach location! Discover unparalleled profitability with this stunning short-term rental property well-suited for large group vacations, and ideally situated just 150 steps from the pristine sands of Clearwater Beach, one of the top beach destinations in the entire United States. This unique offering features two separate, fully updated cottages, perfectly designed for versatile accommodations. The front cottage features 7 bedrooms (two of them are suites with an additional attached extra room with their own door for extra privacy) and four bathrooms, while the back cottage has 3 bedrooms and two bathrooms. Both buildings have wood-look tile throughout, updated kitchens with granite counters. The backyard in-ground pool offers hours of fun, and two sets of washers & dryers provide convenience. Clearwater Beach is a high demand tourist area. This property is close to the shops and restaurants of Clearwater Beach. Zoned “Tourist”, so nightly rentals are allowed. Capitalize on this rare opportunity to own a highly profitable short-term rental property in one of Florida’s most coveted beach destinations. Your gateway to exceptional rental income and beachside bliss awaits!

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Multi-Family Active

Price

$ 3,500,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 11,228

Style

Duplex

Lot Size

0.15

Year Built

1950

Town/City

Clearwater Beach

County/Region

Pinellas

MLS | Web ID

U8255576

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Public
Roof Shingle
Appliances Dishwasher Dryer Microwave Range Refrigerator Tankless Water Heater Washer
Pool Features Gunite In Ground
Security Features Smoke Detector(s)
Construction Materials Block
Pets Allowed Yes
Year Built 1950
View Garden
Levels One
Property Subtype Duplex
Tax Year 2023
Ownership Fee Simple
Gross Income 272577
County Pinellas
New Construction false
Property Type Residential Income
Attached Garage false
Subdivision Name MANDALAY UNIT 5 REP
Garage Y/N false
Status Active
Directions Heading North on Mandalay go East on Somerset. Property will be on the left.
City CLEARWATER BEACH
Senior Community Y/N false
Number Of Units Total 2
MLS Area 33767 - Clearwater/Clearwater Beach
Lot Size Units Square Feet
Lot Size Square Feet 6432
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 11228.16
Property Condition Completed
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 7
Legal Description MANDALAY UNIT NO. 5 REPLAT BLK 83 LOT 7 AS DESC. IN PL 20 PG 27
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE
DockY/N false
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Interior
Interior Amenities Ceiling Fan(s) Primary Bedroom Main Floor Solid Surface Counters Solid Wood Cabinets Split Bedroom Stone Counters Window Treatments
Flooring Tile
Furnished Y/N Turnkey
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Window Treatments
Fireplace Y/N false
Laundry Features Laundry Closet Outside
Total Bedrooms 7
Total Baths 4
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Exterior
Exterior Amenities Fenced Outdoor Grill
Parking Features Off Street
Lot Features In County Landscaped Level
Water Source Public
Lot Size Area 6432
Foundation Details Slab
Number of Buildings 2
Spa false
Building Area Total 2998
Lot Dimensions 60 x 110
Lot Size Acres 0.15
Road Surface Type Paved Asphalt
Private Pool true
Waterfront Y/N false
Road Frontage Type Street Paved
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* Excluded Features
List By
Engel & Volkers Belleair

Broker

cammie.griffin@engelvoelkers.com

Email

Affordability Calculator

$22,486
Per Month
96%
4%
0%
Monthly Principal & Interest
$21,550
Monthly Property Taxes
$936
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$3,500,000 Listed Price

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42 SOMERSET STREET, Clearwater Beach, FL, 33767 is a Multi-Family Home for sale at $3,500,000 with 2,734 sqft and a lot size of 0.15. 42 SOMERSET STREET has 7 bedrooms, 4.0 baths, and was built in 1950. The property's zip code is 33767 which is in Clearwater Beach, FL