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Rare opportunity in the heart of the Tarpon Springs Historic District — and one of the only pockets in the city where short-term rentals are fully permitted. Welcome to 116 Read St, a beautifully maintained home that pairs authentic Florida character with turnkey, income-ready flexibility.
Set on a tree-lined street just minutes from the world-famous Sponge Docks, vibrant downtown Tarpon Springs, and the Gulf Coast's most scenic parks and beaches, this home offers something most listings can't: a coveted historic-district address with no HOA and genuine STR earning potential. Whether you're an investor seeking a high-demand vacation rental, a buyer looking to offset living costs, or someone who simply wants a charming primary residence in a one-of-a-kind neighborhood, this property delivers.
Step inside to a bright, open layout anchored by gorgeous polished terrazzo flooring throughout. Sun-filled living spaces, a well-appointed kitchen with ample cabinetry, and comfortable, privacy-minded bedrooms make the home as livable as it is welcoming — perfect for hosting guests or savoring a quiet morning coffee. Major-ticket items are already handled: roof and water heater are both 2023, and the electrical panel was updated in 2020, so you can buy with confidence.
Outside, a spacious yard offers room for pets, gatherings, or your own private Florida oasis — a standout amenity for short-term guests and homeowners alike. You're moments from waterfront dining, top-rated schools, the Pinellas Trail, and the legendary Tarpon Springs markets and festivals that draw visitors year-round.
Move-in ready, no HOA, STR-friendly, and brimming with historic-district charm — 116 Read St is a true standout in one of Tarpon Springs' most desirable and rental-friendly neighborhoods. Income potential and lifestyle, all in one address. Don't miss it.
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William Raveis Real Estate
Phone: 888.699.8876
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $302,400 | $302,400 | $302,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $447 | $447 | $447 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,811 | $1,887 | $2,491 |
| Total Monthly Payment | $2,333 | $2,409 | $3,013 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.