$5,225 Closing Credit¹
#TB8324785, Bona Nedelkovska, Listing Office: MAVREALTY
$448,900 List price
1005 Lake Palms Dr Largo, FL 33771
$5,331
Closing credit¹
5 beds
2 baths
1,846 sqft
0.2 acres
$243 / sqft
Multi-Family
Property details
About 1005 Lake Palms Dr
Income-Generating Duplex for Sale in Desirable Largo, FL Investors, take note! 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 4 units for sale by the owner: 914, 926, 1001, and 1005 Lake Palms! Seller would prefer to sell all of her duplexes as a package: TB8324930, TB8324881, TB8324870, TB8324856, TB8324819
Highlights
Home typeDuplex
HeatingCentral
StatusActive
CoolingCentral Air
Size1,846 sqft
Lot size0.19 Acres
Year built1973
MLS #TB8324881
Virtual tour
Summary
- MLS Number: TB8324881
- MLS Name: MFRMLS
- Office Name: CENTURY 21 RE CHAMPIONS
- Office Phone: (727) 398-2774
- Listing Agent: Kathryn Larkin
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 3/12/2025, 11:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$448,900
1005 Lake Palms Dr
$5,331
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
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
Similar homes for sale
Video tour
$10,000 Closing Credit¹
#TB8312488, Evan Perrett, Listing Office: CENTURY 21 RE CHAMPIONS
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 $448,900.
In February 2025, from all listings sold in Largo, FL there were more than 10 sold above asking price, over 60 sold below and more than 13 were sold right at the asked price. The number of homes for sale in Largo, FL increased by 8.9% between January and February 2025. The median list price of listings available in February 2025 was $364,633, while the average time on the real estate market was 69 days.
From Rocket Homes Real Estate and based on county public records data.