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$3,100,000

  • Sold
  • Closed
  • Commercial
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Kings Court Apartments - an 18-unit value-add multifamily asset in central Clearwater, minutes from downtown and the Gulf beaches and directly across from Clearwater Country Club. The mix is seven 1BD/1BA and eleven 2BD/1BA in a two-story CBS garden-style building. Major capital is already in place: a 40-year TPO roof installed within the last ~3 years, newer HVAC across most units, copper wiring, and a resurfaced lot - the next owner's capital goes into interiors, not systems. In-place rents (avg ~$1,366) sit well below a renovated pro forma (~$1,694), with staggered 2026-27 lease expirations offering a turn-by-turn mark-to-market path supported by a comp set averaging ~$1,676. Trailing NOI ~$220K; pro forma ~$242K. Laundry and RUBS utility reimbursement add income. Tours by appointment through Rider RE only - please do not disturb tenants.

Full Property Details for 111 N Lady Mary Dr

General

  • Sold For: $3,100,000
  • Taxes: $27,093 (2025)
  • Status: Closed
  • Type: Commercial
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4697854
  • Added to Site: 70 day(s) ago

Interior

  • Appliances: Refrigerator

Location

  • Area: 33755 - Clearwater
  • County: Pinellas
  • Development Name: 33755 - Clearwater
  • Subdivision: BROOKWOOD TERRACE REV
  • Driving Directions: From Sunset Point Rd, turn south onto N Lady Mary Dr; 111 N Lady Mary Dr is on the property directly across from Clearwater Country Club.
  • Direction Faces: Undetermined

Community

  • Community Name: 33755 - Clearwater
  • Management Type: Professional Off Site
  • Mgmt. Company: Professional Off Site

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central Individual, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Available, Public, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block
  • Roof: Membrane
  • Stories/Levels: Two
  • Square Feet: 13,056
  • Sq. Ft. Source: Public Records
  • Living Area: 13,056 Sq. Ft.
  • Year Built: 1973

Lot Features

  • Lot Size (Acres): 0.53
  • Lot Size (Sq. Ft.): 23,235
  • Lot Size: 23235
  • Lot Dimensions: 125 x 183
  • Frontage: City Street
  • Street/Road Desc.: Paved

Financial Considerations

  • Tax Amount: $27,093.08
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: BROOKWOOD TERRACE REVISED BLK 1, LOTS 5, 6 AND N 1/2 OF LOT 7
  • Flood Zone Info: AE
  • APN: 152915122760010050
  • Property ID: 152915122760010050
  • Block/Lot/Section: 1

Listed by G&R Real Estate Brokerage, Llc
Sold by Rider Real Estate

Listing agents

— 111 N Lady Mary Dr —

  • G&R Real Estate Brokerage, Llc

  • G&R Real Estate Brokerage, Llc

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 111 N Lady Mary Dr

School District:Pinellas County School District
NameGradesDistance
Belleair Elementary School
1156 Lakeview Road, Clearwater, FL 33756
PK-51.2 mi
Oak Grove Middle School
1370 South Belcher Road, Clearwater, FL 33764
6-82.5 mi
Clearwater High School
540 South Hercules Avenue, Clearwater, FL 33764
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 111 N Lady Mary Dr

Date
Details
Price
Change
Source
8/28/2026
Sold
$3,100,000
-8.82%
MLS
6/22/2026
Listed
$3,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by G&R Real Estate Brokerage, Llc
Sold by Rider Real Estate

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111 N Lady Mary Drive, Clearwater, FL 33755 (MLS# A4697854) is a Commercial property that was sold at $3,100,000 on August 28, 2026. Want to learn more about 111 N Lady Mary Drive? Do you have questions about finding other Commercial real estate for sale in Clearwater? You can browse all Clearwater real estate or contact a Coldwell Banker agent to request more information.