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About this home
501 E Bay Dr #702 is a 1975-built home in Magnolia Square Condo Inc, Largo. Inside you'll find 2 bedrooms, 2 bathrooms, and 816 square feet of living space. Listed at $172,000 (about $211/sqft), 30 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. Condo dues run $535 monthly.
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.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Sample: 52 closed townhouse or villa sales in Largo over the last 8 months, Stellar MLS. Widened past this ZIP to get a usable sample. A starting point, not a guarantee.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$172,000
$211 per sq ft
Beds and baths
2 beds, 2 baths
Size
816 sq ft
Time on market
30 days
Year built
1975
Monthly payment
About $1,742/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,689 annual tax bill, insurance, and $535/mo in condo dues.
Condo dues
$535/mo
Managed by D. J. Gooch.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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