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10440 NORVELL ROAD
About This Property
Out back, discover your own private oasis designed for ultimate outdoor entertaining. The screened enclosed lanai features a resurfaced Diamond Brite pool and a separate in-ground spa equipped with a recently replaced filter featuring Wi-Fi connectivity and mobile app control. You will also find an outdoor kitchen with a built-in grill. Beyond the screen, the vinyl-fenced backyard offers a dedicated paver patio complete with a swing, fire pit, and a lovely garden. Additional upgrades & highlights include new windows in the living room and second bedroom, a dedicated laundry room complete with the washer and dryer included, and an oversized 2-car garage with a convenient bump-out and multiple storage closets. This prime location places you just minutes from premium local recreation and essentials, including the world-famous Weeki Wachee Springs State Park, shopping, restaurants and doctors. Best of all, you are located remarkably close to the Suncoast Parkway for an easy, hassle-free commute straight into the Tampa Bay area.
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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 7, 2026 | Relisted | $369,500 | |
| Relisted | |||
| Oct 5, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | In contract | - | |
| In contract | |||
| Sep 18, 2026 | Listed by RE/MAX MARKETING SPECIALISTS | $369,500 | |
| Listed by RE/MAX MARKETING SPECIALISTS | |||
| Dec 16, 2003 | Sold | ||
| Sold | |||
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About Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017