Front Exterior - 42 SOMERSET ST, CLEARWATER BEACH
Front Exterior with 6 parking spots - 42 SOMERSET ST, CLEARWATER BEACH
Main Living Room - 42 SOMERSET ST, CLEARWATER BEACH
Main Kitchen & Dining Room - 42 SOMERSET ST, CLEARWATER BEACH
Main Kitchen - 42 SOMERSET ST, CLEARWATER BEACH
Bedroom 1 - 42 SOMERSET ST, CLEARWATER BEACH
Bathroom 1 - 42 SOMERSET ST, CLEARWATER BEACH
Bedroom 2 - 42 SOMERSET ST, CLEARWATER BEACH
Bedroom 3 - 42 SOMERSET ST, CLEARWATER BEACH
Bathroom 3 - 42 SOMERSET ST, CLEARWATER BEACH
Bathroom 4 - 42 SOMERSET ST, CLEARWATER BEACH
Bathroom 5 - 42 SOMERSET ST, CLEARWATER BEACH
Bedroom 4 - 42 SOMERSET ST, CLEARWATER BEACH
Bedroom 5 - 42 SOMERSET ST, CLEARWATER BEACH
Bedroom 6 - 42 SOMERSET ST, CLEARWATER BEACH
Bedroom 7 - 42 SOMERSET ST, CLEARWATER BEACH
Bedroom 8 - 42 SOMERSET ST, CLEARWATER BEACH
Bedroom 9 - 42 SOMERSET ST, CLEARWATER BEACH
Pool - 42 SOMERSET ST, CLEARWATER BEACH
Pool & Patio - 42 SOMERSET ST, CLEARWATER BEACH
20 photos

$3,500,000

42 SOMERSET ST
CLEARWATER BEACH, FL 33767
Listed by ENGEL & VOLKERS BELLEAIR
Bedrooms
7
Bathrooms
N/A
Living area
2,734 sqft
Year built
1950

About this home

Exceptional & rare short-term rental opportunity with a prime Clearwater Beach location! Discover unparalleled profitability with this stunning short-term rental property well-suited for large group vacations, and ideally situated just 150 steps from the pristine sands of Clearwater Beach, one of the top beach destinations in the entire United States. This unique offering features two separate, fully updated cottages, perfectly designed for versatile accommodations. The front cottage features 7 bedrooms (two of them are suites with an additional attached extra room with their own door for extra privacy) and four bathrooms, while the back cottage has 3 bedrooms and two bathrooms. Both buildings have wood-look tile throughout, updated kitchens with granite counters. The backyard in-ground pool offers hours of fun, and two sets of washers & dryers provide convenience. Clearwater Beach is a high demand tourist area. This property is close to the shops and restaurants of Clearwater Beach. Zoned “Tourist”, so nightly rentals are allowed. Capitalize on this rare opportunity to own a highly profitable short-term rental property in one of Florida’s most coveted beach destinations. Your gateway to exceptional rental income and beachside bliss awaits!

Highlights

Private pool

Property details

MLS
Stellar MLS
MLS #
MFRU8255576
Property type
Duplex
Subdivision
MANDALAY UNIT 5 REP
Status
Active
Days on market
361
On market date
September 3, 2024
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.15 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
CURTIS FUNDAMENTAL ELEMENTARY
2.74 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
529
Student:teacher ratio
15.1:1
District
PINELLAS
Middle
DUNEDIN HIGHLAND MIDDLE SCHOOL
3.04 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,022
Student:teacher ratio
19.7:1
District
PINELLAS
High
DUNEDIN HIGH SCHOOL
4.38 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,196
Student:teacher ratio
20.3:1
District
PINELLAS

Walkability

Blended score for CLEARWATER BEACH's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

54
Somewhat walkable
out of 100
EPA National Walkability Index
16.0 / 20 -- Most walkable
Google Places amenity density
15 / 100
Restaurants & cafes0
Grocery stores0
Parks1
Schools0
Transit stops3
Pharmacies0

Market position

How this listing compares to current activity in CLEARWATER BEACH, from live MLS data.

On the market 361 days -- 156 more days than CLEARWATER BEACH's current average of 205 days.
For reference, the median list price across 410 active listings in CLEARWATER BEACH right now is $597,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
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Est. monthly payment
$21,227/mo
$700,000 down
$2,800,000 loan
Principal & interest$18,161
Property tax (est.)$2,917
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated August 30, 2025.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.