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$451,250
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Property Description
Income-Generating Duplex for Sale in Desirable Largo, FL Investors, take note! Seller is willing to contribute toward 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.
Full Property Details
Full Property Details for 1005 Lake Palms Dr
General
- Price: $451,250
- Taxes: $4,015 (2023)
- Status: Active
- Type: Duplex
- Source: MidFloridaRegionalMLS
- MLS ID: TB8324881
- Updated: 11/20/2025
- Added to Site: 416 day(s) ago
Interior
- Interior Features: Other
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Inside, Washer Hookup
Exterior
- Exterior Features: Other
Location
- Area: 33771 - Largo
- County: Pinellas
- Development Name: 33771 - Largo
- Subdivision: WHITEGATES SUB
- Driving 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.
School Information
- Elementary School: Southern Oak Elementary-PN
- Middle School: Largo Middle-PN
- High School: Largo High-PN
Community
- Community Name: 33771 - Largo
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Sewer Connected, Water Connected
Structural Information
- # Buildings: 2
- Exterior Const.: Block, Other
- Roof: Shingle
- Square Feet: 1,846
- Sq. Ft. Source: Public Records
- Year Built: 1973
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,276
- Lot Size: 8276
- Street/Road Desc.: Asphalt, Gravel
Financial Considerations
- Tax Amount: $4,015
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: WHITEGATES SUB LOT 27
- Flood Zone Info: X
- APN: 13015973530000270
- Property ID: 13015973530000270
Listed by Century 21 Re Champions
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Schools
Schools serving 1005 Lake Palms Dr
School District:Pinellas County School District
| Name | Grades | Distance |
|---|---|---|
Southern Oak Elementary School 9101 Walsingham Road, Largo, FL 33773 | PK-5 | 1.8 mi |
Largo High School 410 Missouri Avenue North, Largo, FL 33770 | 9-12 | 2 mi |
Largo Middle School 155 8th Avenue Southeast, Largo, FL 33771 | 6-8 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1005 Lake Palms Dr
Date
Details
Price
Change
Source
10/09/2025
Price Reduced
$451,250
-5%
MLS
5/26/2025
Price Increased
$475,000
5.81%
MLS
3/12/2025
Price Reduced
$448,900
-0.22%
MLS
1/29/2025
Price Increased
$449,900
0.09%
MLS
1/28/2025
Price Reduced
$449,500
-0.44%
MLS
11/27/2024
Listed
$451,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1005 Lake Palms Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,512
12%
$265,000
24%
2023
$4,015
13%
$214,000
14%
2021
$3,567
-5%
$187,500
-11%
2022
$3,764
6%
$210,000
30%
2021
$3,567
21%
$161,913
12%
2019
$2,957
9%
$144,476
10%
2018
$2,719
26%
$131,342
20%
2017
$2,159
7%
$109,266
3%
2016
$2,009
9%
$106,019
13%
2015
$1,850
16%
$93,856
25%
2014
$1,594
13%
$74,818
14%
2013
$1,411
—
$65,467
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1005 Lake Palms Dr
1005 Lake Palms Drive, Largo, FL 33771 (MLS# TB8324881) is a Duplex property with 5 bedrooms and 0 full bathrooms. 1005 Lake Palms Drive is currently listed for $451,250 and was received on November 27, 2024. Want to learn more about 1005 Lake Palms Drive? Do you have questions about finding other Duplex real estate for sale in Largo? You can browse all Largo real estate or contact a Coldwell Banker agent to request more information.

