Velma Manor Homes with No Deed Restriction Community Extras

Welcome to Velma Manor, a hidden gem nestled in the heart of Belleair Bluffs, Florida. This charming subdivision offers a unique blend of serene living and coastal convenience, making it an ideal choice for families, retirees, and anyone seeking a vibrant community atmosphere without the confines of deed restrictions.

In Velma Manor, you’ll discover a delightful array of homes that reflect the individuality of their owners, allowing for personal expression and creativity in your living space. The absence of deed restrictions means you have the freedom to customize your home and yard to your heart's content, whether it’s adding a garden oasis, a cozy outdoor lounge, or even a boat to enjoy the nearby waters.

The community is characterized by its friendly neighbors and a welcoming vibe, perfect for those who value connection and camaraderie. Enjoy leisurely strolls through tree-lined streets or take a short drive to the stunning Gulf beaches, where sun-soaked days and breathtaking sunsets await. The nearby parks, shops, and restaurants further enhance the appeal, providing everything you need just moments from your doorstep.

Velma Manor is more than just a place to live; it’s a lifestyle choice that offers the best of both worlds: the tranquility of a residential neighborhood and the excitement of coastal living. Whether you’re looking to settle down or invest in a property with potential, Velma Manor is the perfect place to call home. Come experience the charm and freedom that this delightful community has to offer!

$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 Homes with No Deed Restriction Community Extras

Newest Velma Manor Homes with No Deed Restriction Community Extras