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Off market
  • $730,500

    5407 29th Ave S, Gulfport, FL 33707

    6beds
    4baths
    --sqft
    Single Family Residence
    Built in 1940
    -- sqft lot
    $730,500 Zestimate®
    $--/sqft
    $3,650 Estimated rent

    Home value

    $730,500

    $614,000 - $862,000

    $3,650/mo

    Zestimate® history
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    $4,828/mo

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    What's special

    RARE GULFPORT INCOME-PRODUCING SINGLE FAMILY HOMES x (3) ZONED FOR LEGAL NIGHTLY RENTALS IN THE GULFPORT WATERFRONT REDEVELOPMENT DISTRICT (FLOOD ZONE X)| Exceptional Income-Producing Opportunity in Gulfport's Thriving Downtown. This rare triple-bungalow property in the heart of vibrant downtown Gulfport, Florida, represents an exceptional investment opportunity. Generating an impressive annual rental income, these three charming bungalows are poised to deliver strong cash flow and long-term appreciation. Each bungalow which is a stand-alone structure x 3 is fully licensed for nightly rentals, an invaluable asset in this vibrant vacation destination. The three bungalows include a 3-bedroom, 2-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit. Ideally situated just steps from Gulfport's finest dining, shops, beach, marina, and entertainment, the property provides an unbeatable location for short-term guests seeking the authentic charm of this coastal town. With a combined total of six bedrooms and four bathrooms spread across the three units, the layout accommodates large groups and families comfortably. And with the properties being sold fully furnished, including all indoor and outdoor furnishings, this truly is a turnkey investment ready to generate income immediately. Also, for a value-add play, there is a wonderful opportunity to remodel and revamp the vibe to increase total rental income.Boasting classic bungalow architecture, in-unit laundry, and spacious outdoor amenities like a large courtyard, off-street parking, and lush landscaping, these meticulously maintained properties offer the historic character and modern conveniences that today's discerning travelers demand. Own knowing you have security in Flood Zone X which remained high and dry even during these last 2 storms of 2024. This investment is primed to capitalize on Gulfport's thriving vacation rental market. Don't miss this exceptional opportunity to own a highly profitable, low-maintenance portfolio of income-producing properties in one of Florida's most desirable coastal destinations.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked: 19 hours ago

    Source: Engel & Volkers,MLS#: TB8320872MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4

    Property

    Details
    • Parcel number: 333116939420000250

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Year built: 1940

    Community & neighborhood

    Location
    • Region: Gulfport

    Price history

    DateEventPrice
    6/27/2025Listing removed$1,200,000
    Source: Engel & Volkers #TB8323293
    5/9/2025Listed for sale$1,200,000
    Source: Stellar MLS #TB8320872
    4/23/2025Listing removed$1,200,000
    Source: Engel & Volkers #TB8323293
    11/14/2024Listed for sale$1,200,000+92%
    Source: Stellar MLS #TB8320872
    5/3/2018Sold$625,000+140.4%
    Source: Public Record

    Public tax history

    YearProperty taxesTax assessment
    2024$9,912 +3.5%$580,000 +5.5%
    2023$9,579 +6.5%$550,000 +7.3%
    2022$8,992 +0.7%$512,500 +5.7%

    Find assessor info on the county website

    Neighborhood: 33707

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $730,500

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    Estimated market value

    $730,500