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1011 MACRAE AVENUE
About This Property
Step inside to a bright, refreshed interior featuring new recessed lighting and beautiful luxury vinyl plank flooring throughout the main living areas. The brand-new kitchen showcases granite countertops, stainless steel appliances, and updated finishes, creating a clean and inviting space for everyday living and entertaining.
Both bathrooms have been tastefully renovated, blending modern updates with the home's character, including beautiful terrazzo flooring and touchscreen vanity mirrors. The enclosed lanai provides additional flexible living space that's perfect for a home office, playroom, sitting area, or bonus room.
Major improvements provide added peace of mind, including a redone roof (2026) and new water heater (2026). With its thoughtful renovations, functional split-bedroom layout, oversized two-car garage, and convenient location near the beaches, parks, shopping, dining, and two of Pinellas County's most popular downtown districts, this home is move-in ready and ready to be enjoyed.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2026 | Price Decreased |
$419,900
↓ $9K
(2.1%) | |
| Price Decreased | |||
| Oct 8, 2026 | Listed by YOU HAVE REALTY LLC | $429,000 | |
| Listed by YOU HAVE REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017