Velma Manor Real Estate

Welcome to Velma Manor, a hidden gem nestled in the picturesque city of Belleair Bluffs, Florida. This charming subdivision is situated in the heart of Pinellas County, where the sun shines brightly and the coastal breeze whispers through the palm trees. Velma Manor is the perfect blend of tranquility and convenience, making it an ideal choice for families, retirees, and everyone in between.

As you stroll through the tree-lined streets of Velma Manor, you’ll be captivated by the warm sense of community and the beautifully maintained homes that reflect a variety of architectural styles. This inviting neighborhood is known for its friendly atmosphere, where neighbors become friends and community events foster lasting connections.

One of the standout features of Velma Manor is its prime location. Residents enjoy easy access to some of Florida’s most beautiful beaches, including the stunning shores of Clearwater and Indian Rocks Beach, both just a short drive away. For those who appreciate outdoor activities, nearby parks and recreational areas offer a plethora of options for hiking, biking, and picnicking in the sun.

In addition to its natural beauty, Velma Manor boasts proximity to excellent shopping, dining, and entertainment options. The vibrant downtown area of Belleair Bluffs is filled with delightful boutiques, cozy cafes, and fine dining establishments, ensuring that you’ll never run out of things to do.

Whether you’re looking to settle down or invest in a vacation home, Velma Manor offers an idyllic lifestyle in a captivating coastal setting. Come explore the charm and warmth of this delightful subdivision, where your dream home awaits!

$522,500

5 Beds ⋅ 3 Baths ⋅ Velma Manor SubDv. ⋅ 33770 Zip Code

WELCOME TO 55 VELMA DR. W LARGO, FLORIDA! A highly lucrative, move-in ready or turn-key investment property specifically configured as a high-yield short-term rental (STR). Featuring 5 bedrooms and 3 full bathrooms, this 2,021-square-foot single-story home comes fully furnished and completely ready for immediate occupancy or immediate listing on platforms like Airbnb and VRBO. Offers a king-size bed, desk area, large walk-in closet, and an en-suite bathroom with a double vanity, walk-in shower, and jacuzzi bathtub. Features a split-bedroom plan; one attached guest bedroom can be closed off for private use. Includes a kitchen island with seating for 3, a dining room table that seats 6, a Keurig coffee maker, and a Ninja blender. The Living space Outfitted with a large sectional couch and a Smart TV. Game Room: The air-conditioned garage has been converted into an entertainment space with mini-golf, video games, foosball, basketball, and a full walk-in shower bathroom. PROPERTY HIGHTLIGHTS: + Sleeps 10: Large space for families and groups. + Full Furnishings: New furniture, beds, and kitchen tools. + Game Room: Air-conditioned garage with mini-golf and games. + Split Layout: Private lock-off wing and separate guest entrance. + Close to Beach: Just over 2 miles to the Gulf of Mexico( Belleair beach and Indian Rocks Beach) - Outdoor Space: Large deck, covered patio, and outdoor lights. - Parking: Driveway fits up to 4 cars. - Nearby Spots: Walk to local food and shops. Under a mile to the hospital. INCOME POTENTIAL Based on AirDNA market benchmarks for Largo and the adjacent coastal areas, this property is uniquely positioned to significantly outperform the local market median due to its 10-guest capacity, premium game room conversion, and smart income-generating layout Projections Over View: - Conservative base line: Average Daily Rate (ADR): $310, Projected Occupancy of 52%, and Annual Gross Revenue is $58,838 - Realistic Target: '' '' '' '' '' '' '' '' '' '' '' '' '' '' : $395, '' '' '' '' '' '' '' '' '' '' '' '' '' 58%, '' '' Annual Gross Revenue is $83,622 - Optimized Premium: '' '' '' '' '' '' '' '' '' '' '' '' '' '' : $480, '' '' '' '' '' '' '' '' '' '' '' '' '' 63%, '' '' Annual Gross Revenue is $110,376

55 Velma Drive W, Largo

Velma Manor Real Estate

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