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$5,500,000

Beds
5
Baths
4.0
sq ft
6,087

205 Magnolia Dr, Clearwater, FL 33756

205 Magnolia Dr

CLEARWATER, FL 33756

  • 238 days on market
    • Price drop $700,000↓
House NOT affected by recent flooding. Be the one to own this historic masterpiece located high on the bluffs overlooking Clearwater Harbor in the sought-after Harbor Oaks area. Its beauty provides a historical classical Mediterranean street view when you first approach. The entrance is through a beautiful antique Tiffany glass door leading to a majestic center hall with a grand stairway to the upstairs with a classic wrought iron banister and railing. The floors throughout are beautiful oak and maple wood finished in a light blonde natural color. The kitchen is marble and the sunrooms are stone and terrazzo. The kitchen is ready for the chef with all appliances and a connected pantry. There is also a mud room at the rear access to the house and a connecting hallway to the dining room for grand affairs. The grand stairway leads to an upstairs surround balcony with matching wrought iron railing. All 5 of the bedrooms access from the surrounding hall balcony. There are three beautiful tiled full bathrooms on the second floor with a grandiose master bath. Two bedrooms have balconies overlooking the harbor. There is a third balcony facing the front entrance. Traversing the property to the rear is a beautiful terraced pool with spa and fountain. Located next to the pool is the original carriage house with an upstairs potential mother/daughter apartment ready for finishing which has a patio facing the waterfront and a 4 car garage below. The property slopes down to a second gated entry by the waterfront with a boathouse and room for a private dock. One of the most beautiful sunset views over the waterfront in all of Florida.

Details

Property type

Single Family Residence

Est. home value

$5,512,455

Lot size

2.76 acres

Price per sq ft

$904

Year built

1925

Annual property taxes

$52,043

HOA

No

Price History

07/17/2024
StellarMLS

StellarMLS #U8240755

Price change
$5,500,000
-11.29%
04/29/2024
StellarMLS

StellarMLS #U8240755

Listed
$6,200,000
+3.42%
02/01/2024
StellarMLS

StellarMLS #U8210394

Removed
$5,995,000

Schools & Community

Neighborhood: 

Harbor Oaks Homeowners Association

Elementary school: 

Belleair Elementary-PN

Middle school: 

Largo Middle-PN

High school: 

Clearwater High-PN

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$3,346,670
Asking price
$5,500,000
Closing costs (~8% of asking)
-$440,000
Est. remaining loan balance
-$1,713,330
Cash to seller
$3,346,670

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Morgan Stanley Private Bank Na

Loan start date

April 2022

Original loan amount

$1,800,000

Est. remaining balance

$1,713,330

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Osman Orhun Ozsan and Maria Dolores Gregori Fuster

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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208 Magnolia Dr, Clearwater, FL 33756

Status: Active

Tomo last checked: 12/22/2024 at 10:00 PM

Listing updated: 10/29/2024 at 11:00 AM

Listed by: Marta Falcon Gimenez, BHHS FLORIDA PROPERTIES GROUP Phone #: (727) 799-2227

MLS: StellarMLS #U8240755

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