Largo › Magnolia Square Condo Inc

501 E Bay Dr #702

Largo, FL 33770
$172,000
2 bed1.5 bath816 sqftTownhome · built 1975

What stands out about this home

Compared with townhomes like it, within product classi
Size
Larger than 1% of townhomes sold in Largo
321 townhome sales · Jan 2024 - Sep 2026
Price
The seller has not permitted automated price comparisons
Standout feature
No standout feature to report
Age
Newer than 1% of townhomes in Largo
465 homes · Jun 2022 - Sep 2026

About this property

Looking for a home where you can walk to the park, library, restaurants and neighborhood favorites — and still be just minutes from the Gulf beaches? This townhome-style condo near Largo Central Park offers something else condo buyers appreciate: no neighbors above or below, plus your own outdoor space both upstairs and down. In other words, no footsteps overhead and no one living under yours.
Inside, easy-care tile and wood laminate flooring runs throughout the home — no carpet to baby, shampoo or apologize for. The primary bedroom opens to its own private balcony overlooking the garden area at the rear of the townhome, while downstairs a private patio with a gas grill creates another inviting spot to relax or entertain.
Several important improvements have already been completed, including impact windows installed in 2024, a new A/C system in 2024 and a roof approximately three years old. Roof maintenance and replacement are handled by the condo association. The kitchen also features a newer (2024) stainless steel French-door, counter-depth refrigerator.
The location is a real standout. A gated rear entrance, accessible only to Magnolia Square residents with a key, provides convenient access to the Largo Public Library, with Largo Central Park just across the street. Shops, restaurants, a neighborhood pub and other everyday conveniences are nearby, while the barrier-island beaches are only about 4.4 miles away. And a nice bonus for EV drivers: the library parking lot has EV charging stations, because apparently even your car gets a neighborhood amenity.
The home includes an assigned covered parking space, and Magnolia Square residents enjoy a community pool, tennis courts and clubhouse. Monthly condo dues also include water, sewer, trash collection, building insurance, exterior building and grounds maintenance, and reserve funding.
Whether you're looking for your first home, a Florida getaway or simply a low-maintenance home in a location where you can leave the car parked more often, this one offers a combination of privacy, outdoor living, recent improvements and convenience that's hard to find.

Property details

Year built1975
Lot size10 ac
Condo fee$535/mo
ParkingCarport
Days on market1
MLS#TB8552030
BalconyOutdoor grillCeiling fansLiving/dining comboPrimary bedroom upstairsSolid wood cabinets
All features →
  • Balcony
  • Outdoor grill
  • Ceiling fans
  • Living/dining combo
  • Primary bedroom upstairs
  • Solid wood cabinets
  • Dishwasher
  • Disposal
  • Dryer
  • Electric water heater
  • Microwave
  • Range
  • Refrigerator
  • Washer
  • Ceramic tile flooring
  • Laminate flooring
  • Central air conditioning
  • Central heating
  • Electric heating
  • Shingle roof
  • Slab foundation
  • Block construction
  • Two stories
  • Laundry in kitchen
  • Cable available
  • Electricity connected
  • Public utilities
  • Sewer connected
  • Water connected
  • Carport
  • Stainless steel appliances

The market for homes like this

Townhomes in Largo · all sizes
Too few 2-bedroom townhome sales here to report on their own, so these cover every townhome in Largo.i
Median sold price$340,250100 sales · last 12 months
Median price per sq ft$206100 sales · last 12 months
Median rent$2,550/mo47 leases · last 12 months
Median days to lease4447 leases · last 12 months

Largo, as its listings describe it

What agents stated on listings, 2017 – 2026i
Community pool79%of 930 listings
HOA fee, median$506/moof 657 listings
Has an association55%of 1,459 listings
Pets allowed66%of 1,678 listings
Minimum lease, most commonNo Minimum34% of 1,078 listings · next: 3 Months
Lease restrictions63%of 1,090 listings
Association approval required69%of 832 listings
Private pool18%of 1,965 listings
Gated12%of 930 listings
Public water · sewer99% · Over 99%of 1,223 · 1,304 listings
Flood zone (A or V)13%of 1,264 listings
55+ communityNo73% of 1,462 listings · next: Yes
Homestead share Magnolia Square Condo Inc32%of 144 homes · county tax roll
Also stated: waterfront 7% of 1,462 listings; CDD under 1% of 1,154.

Price and time on market

This listing against homes like iti
Price per sq ft
The seller has not permitted automated price comparisons
Time on market
The seller has not permitted automated comparisons
Price history
Listed at $172,000 since Sept. 18, 2026 with no price change

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$2,689 (2025)
As stated on the listing for 2025
Estimated taxes at this price
i
About $1,900/yr homesteaded, $2,700/yr as an investor
Estimated: the asking price through the county's price-to-value factor, at the parcel's published millage; assessments reset at sale
Typical electric bill
i
$170/mo (2024)
Typical: the utility's average residential bill for 2024 (not this home's)
Typical water and sewer
i
$91/mo at 5,000 gallons
Typical: the provider's published schedule at 5,000 gallons a month on a standard residential meter
THE NEIGHBORHOOD

Living in Largo

City of Largo · Pinellas County · ZIP 33770 · Flood zone X
Explore Largo →
Homes26,357residential parcels
Median sold price$302,5001,119 sales · last 12 months
Vs. the prior year-8.1%1,119 sales this year · 993 sales the prior year
Median rent$2,000/mo308 leases · last 12 months
Homes that changed hands4%1,119 sales of 26,357 homes
Homestead share61%of 26,357 homes · county tax roll
Townhomes in Largo, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
All townhomes · 12 months100$340,250$2,550/mo47 leases
2 bed · this home31Not enough sales yet to report on their own
3 bed57$385,000—
4 bed12Not enough sales yet to report on their own
All townhomes · 24 months230$365,000$2,625/mo84 leases
Median price

Largo homes sold for a median of $302,500 in the 12 months to Sept. 28, 2026.

1,119 sales
Price trend

That's 8.1% below the median for the 12 months before, $329,000.

1,119 sales this year · 993 sales the prior year
What's selling

Single-family detached homes made up 533 of the 1,119 sales in the same 12 months, at a median of $409,000.

533 of 1,119 sales
Not yet available here: rent and time-to-lease for manufactured mobile and villas.The Largo record: homes, prices, rents, communities and listings →

Location

501 E BAY DR #702, LARGO, FL 33770

Based on information from Stellar MLS® for the period August 30, 2017 through September 28, 2026.

Listings courtesy of Stellar MLS as distributed by MLS GRID

HomeProp is a licensed Florida real estate brokerage (License CQ1055163). Regulated by the Florida Real Estate Commission (FREC), 400 W Robinson St, Orlando, FL 32801. All information deemed reliable but not guaranteed.

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