#TB8388591, Tyler Stoltz, Listing office: MARK SPAIN REAL ESTATE
$475,000 List price
1005 Lake Palms Dr Largo, FL 33771
5 beds
2 baths
1,846 sqft
0.2 acres
$257 / sqft
Multi-Family
Property details
About 1005 Lake Palms Dr
Income-Generating Duplex for Sale in Desirable Largo, FL Investors, take note! Seller is willing to contribute up to 5% of buyer's closing costs. This well-maintained duplex in the heart of Largo, Florida, offers a fantastic opportunity to own a fully-rented property in a quiet, established neighborhood. Both units are currently leased, providing immediate rental income and the potential for long-term cash flow. Property Features: • Fully Rented: Both 2-bedroom, 1-bathroom units are currently leased with reliable tenants, ensuring steady rental income from day one. • Well-Maintained: Both units feature updated flooring, fresh paint, and functional kitchens, making them move-in ready and easy to manage. • Prime Location: Situated in a peaceful residential area, this duplex is close to major roadways, shopping, dining, schools, and just a short drive from the Gulf beaches. • Low Maintenance: With long-term tenants in place, this property offers a low-maintenance investment with minimal turnover and management. • Ample Parking: Each unit has its own parking space, with additional parking available for guests. • Spacious Outdoors: Both units enjoy access to a large backyard, providing plenty of room for outdoor enjoyment. This turnkey duplex is perfect for investors seeking a solid addition to their portfolio, offering consistent income and minimal hassle. The location in Largo, a growing and desirable area, makes it even more appealing for both current and future tenants. Don’t miss this opportunity! Contact us today for more details or to schedule a private showing. Please note: this is one of 2 units for sale by the owner: 1001, and 1005 Lake Palms! Seller would prefer to sell all of her duplexes as a package: TB8324930, TB8324881, TB8324870
Highlights
Home typeDuplex
HeatingCentral
StatusActive
CoolingCentral Air
Size1,846 sqft
Lot size0.19 Acres
Year built1973
MLS #TB8324881
Virtual tour
Summary
- Interior: Other
- Total Bedroom Count: 5
- Private Pool: No
- Exterior: Other
- Heating: Central
- Cooling: Central Air
- List Price: $475,000
- Price/SqFt: $257
- HOA Amount: $0
- Annual Tax Amount: $4,014
- Tax Year: 2023
- Directions: From the intersection of East Bay Drive and Fulton St., right on Fulton to right on Lake Ave., S. E. Follow Lake around to the south, where it becomes Lake Palms Drive. Continue on Lake Palms to address on left.
- Year Built: 1973
- Living Area: 1,846 SqFt
- Lot Size: 0.19 Acres
- MLS Number: TB8324881
- MLS Name: MFRMLS
- Office Name: CENTURY 21 RE CHAMPIONS
- Office Phone: (727) 398-2774
- Listing Agent: Kathryn Larkin
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 14, 2017 | Home Sold | $154,163 |
| May 31, 2005 | Home Sold | $186,700 |
| Mar 18, 2004 | Home Sold | $150,000 |
| Jul 27, 2001 | Home Sold | $95,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $214,000 | $4,014 |
| 2022 | $210,000 | $3,764 |
| 2021 | $187,500 | $3,764 |
| 2020 | $161,913 | $3,567 |
| 2019 | $144,476 | $2,956 |
| 2018 | $131,342 | $2,719 |
| 2017 | $109,266 | $2,159 |
History based on county public records data.
Nearby schools
8
Frontier Elementary
Public District PK-5
1.2 mi
•6995 Hopedale Ln
6
Fuguitt Elementary
Public District PK-5
1.7 mi
•13010 101st St
9
Walsingham Elementary
Public District PK-5
1.8 mi
•9099 Walsingham Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,882. The most common annual income of people living in Largo, FL is less than $<35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
55%
<35k
42%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
51%
Single, No Kids
6%
Single, with Kids
40%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
2%
12-17 yrs old
12%
18-34 yrs old
30%
35-64 yrs old
51%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Horse Races
Figure Skating
Where do the neighbors shop?
Chico's
Stein Mart
Big Lots
Where do the neighbors go to eat?
Cracker Barrel
Bonefish Grill
LongHorn Steakhouse
What do the neighbors drive?
Buick
Lincoln
Oldsmobile
What do the neighbors listen to?
Soft Adult Contemporary
Classical
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Tour
#TB8361331, Zach Steinberger, Listing office: COMPASS FLORIDA LLC
Frequently asked questions
About 1005 Lake Palms Dr
The listing price of 1005 Lake Palms Dr property is $475,000.
The property 1005 Lake Palms Dr is a multi located in Largo, Florida, 33771.
Active Listing: 1005 Lake Palms Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1005 Lake Palms Dr are: Frontier Elementary (GreatSchools Rating 8/10), Fuguitt Elementary (GreatSchools Rating 6/10), Walsingham Elementary (GreatSchools Rating 9/10), Pinellas Preparatory Academy (GreatSchools Rating 7/10), Plato Academy Largo Charter School (GreatSchools Rating 4/10), Largo Middle School (GreatSchools Rating 4/10), Pinellas Gulf Coast Academy (GreatSchools Rating 2/10), Largo High School (GreatSchools Rating 5/10), Dropout Prevention School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $4,014 (source: MLS/based on county public records data).
The last sale was on June 14, 2017 for $154,163 (source: MLS/tax record).
The property 1005 Lake Palms Dr is 1,846 SqFt (source: MLS/tax record).
The year of construction for 1005 Lake Palms Dr is 1973.
This home is located at 1005 Lake Palms Dr in Largo, FL and zip code 33771 in the Largo Paradise Island neighborhood. This 1,846 square foot home, which was built in 1973, sits on a 0.19 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 27, 2024 and is currently priced at $475,000.
While more than 9 listings in Largo, FL in June 2025 were sold above asking price, there were more than 18 listings sold at asking price, and more than 106 were sold below. Between May and June 2025, Largo, FL real estate market has seen increase in the number of listings by 3.2%. Listings spent 70 days on the market in June 2025, and had a median list price of $379,900 during the same period.
From Rocket Homes Real Estate and based on county public records data.