GULFPORT GEM IN NON-FLOOD ZONE – WITH INCOME POTENTIAL! Welcome to a unique, income-producing property featuring two fully separated dwellings—each with its own address, driveway, entrance, and private yard. Located on a corner lot in Flood Zone X, with alley access, this 1948 Gulfport charmer offers flexibility for multi-generational living, rental income, or a creative live/work setup. The bungalow (5101) spans 936 sq ft and features a bedroom, upstairs loft, and full kitchen. It has been a successful short-term rental, its rental history dating back to 2022 and grossing $23,000 in 2024—with only the bungalow side rented. It’s now leased through August 1, 2025 at $2,200/month to a terrific long-term tenant who would love to stay. The main home (5101 ½) is a 756 sq ft elevated residence above a large 2-car garage, offering two bedrooms, 1.5 baths, and an open-concept living/kitchen area with charming Gulfport details. This side has never been rented and is ready for personal use or future income. Major updates include NEW Roofs (2022), NEW central AC
in the bungalow (2023) with Nest thermostat, mini-split ACs and paid-off Solar Panels in the main home, a CLEAN 4-point, and recent tenting with a 5-year termite warranty. Keyless entries are installed on all doors. No damage from last year’s storms! Outdoor features include a screened porch, a Tiki bar, and low-maintenance landscaping with artificial grass and limestone. The air-conditioned artist’s studio in the shed offers space for creativity, work, or storage. Ideally located just blocks from the Pinellas Trail and minutes from downtown Gulfport’s vibrant arts scene, plus close to St. Pete Beach, Treasure Island, and St. Petersburg. Less than 30 minutes to TPA and PIE and situated in the path of the upcoming Fusion 49th Project—a walkable, bikeable revitalization already approved by both city councils. This is more than a home—it’s a lifestyle, an investment, and a rare Gulfport opportunity all in one.
