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- 501 E BAY DRIVE UNIT 702
$172,000
501 E BAY DRIVE UNIT 702, LARGO, FL 33770
Beds
2
Baths
2
Sq Ft
816 sq ft
Year Built
1975
Lot Size
10.00 acres
Garage
—
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 Overview
Interior Features
Exterior & Lot
Utilities
Parking
HOA & Community
Financial Details
Directions
From U.S. 19 and East Bay Dr (Fla 686), west on E. Bay Drive to Fourth St. in Largo, make a U Turn, community entrance to Magnolia Square is first turn on your right. Turn right into community, then first right, follow street to end. Unit 702 will be on your right. Guest parking is marked by yellow curbs.
Location
501 E BAY DRIVE UNIT 702, LARGO, FL 33770
Listing Information
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Pick a Day
Preferred Time
Home Price
$172,000
Loan Term
How to Buy This Home
Multiple financing options available for this $172,000 home in LARGO.
🏛️
FHA Loan
$6,020 Down
Government-backed, low down payment. Credit scores as low as 580.
🎖️
VA Loan
$0 Down
Zero down for eligible veterans, active duty, and military families.
🏦
Conventional
$8,600 Down
Traditional financing. As low as 3-5% down with good credit.
Florida Down Payment Assistance Programs
You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.
Florida Hometown Heroes
Up to $35,000
First-time buyers working in FL
FL Assist
Up to $10,000
FHA, VA, or USDA borrowers
FL HLP Second Mortgage
Up to $10,000
First-time buyers, 0% deferred
Pinellas County SHIP
Varies
Income-qualifying Pinellas residents
Can You Afford This Home?
Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.
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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: September 26, 2026.