723 W BAYSHORE DRIVE TARPON SPRINGS FL 34689 MLS #W7876563

Investor Special in Tarpon Springs – Prime Location with Major Potential
Bring your vision to this rare opportunity in the heart of highly desirable Tarpon Springs. This spacious 3-bedroom, 3-bathroom property offers over 2,000 square feet of living space, plus a semi-attached mother-in-law suite (ADU), perfect for multi-generational living, rental income, or a value-adding renovation project.
Built in 1959, this home defies the expectations of its era. The main home features a massive eat-in kitchen, double French doors that separate the kitchen and living room, ensuite bathrooms in every bedroom, and deep closets throughout. The ADU is connected to the main home via a screened-in lanai and includes a private entrance, kitchenette, full bath, and window AC unit, while the rest of the home is serviced by central air.
The property sits on a fully fenced lot with mature landscaping and includes a shed in the back corner for additional storage. The electrical system has been updated, and the water heater is newer.
This is a true fix-and-flip opportunity. The interior will require upgrades including paint, baseboards, and likely a new roof and AC unit. However, with no rental restrictions, a savvy investor could flip for profit or hold as a long-term or Airbnb rental. There is no garage, but the property includes a driveway for parking. The neighborhood features sidewalks and paved streets, with a vacant lot next door that will not be developed and a brand-new home directly across the street, adding to the area’s rising value.
Centrally located near Tarpon Springs’ iconic Sponge Docks, beautiful beaches, and with easy access to major highways, this property is ideal for investors seeking location, layout, and income potential.
Cash buyers only.