11008 111TH WAY
About This Property
Opportunity knocks at 11008 111th Way. This 4-bedroom, 3-bathroom pool home is an active short-term rental generating over $120,000 in annual gross revenue, and it's offered fully furnished and turnkey. An investor can keep the bookings rolling from day one, or an owner can move in to a fully designed coastal retreat.
The backyard is built for entertaining and is the heart of the property's guest appeal. It includes a sparkling pool, a hot tub, a custom mural, a putting green, a cornhole area, and a fire pit. Plush sunbeds, an al fresco dining area, and a patio strung with twinkling lights make it an easy place to spend the whole day outside.
Inside, the open living area pairs clean lines and abundant natural light with a soothing coastal palette. It offers lounge-worthy seating, a smart TV, a pool table, and a generous dining table for gatherings. Custom wallpaper and a statement neon sign add personality. The fully equipped kitchen features stainless steel appliances and updated cookware.
The four bedrooms are thoughtfully designed for flexible sleeping:
The primary-style retreat has two queen beds and a large en suite bath.
-One king bedroom has a statement headboard and jute rugs.
-A second king bedroom has its own en suite bath.
-The bunk room has two twin-over-twin bunk beds with palm-inspired decor.
The home sits on a quiet residential street, a short drive from Gulf beaches, shopping, and dining. It is fully furnished, professionally styled, and ready to perform. Schedule your showing today.
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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 2, 2026 | Listed by VINE REAL ESTATE ADVISORS | $649,000 | |
| Listed by VINE REAL ESTATE ADVISORS | |||
| Apr 15, 2024 | Sold | ||
| Sold | |||
| Mar 5, 2024 | In contract | - | |
| In contract | |||
| Feb 19, 2024 | Price Decreased |
$619,900
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Feb 2, 2024 | Listed by DALTON WADE INC | $624,900 | |
| Listed by DALTON WADE INC | |||
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WOW 5k to buyer for closing costs or prepaids! Experience the epitome of coastal living in this meticulously furnished, move-in ready vacation haven, strategically poised for optimal income generation. Nestled just moments away from the sun-drenched shores of Indian Rocks Beach (3.8 miles, 8 minutes), this fully equipped residence transcends expectations. Immerse yourself in the allure of this charming home, seamlessly blending coastal aesthetics with contemporary luxury. Recently renovated to perfection, the kitchen boasts a brand-new farmhouse style design adorned with quartz countertops and stainless steel appliances (newly installed in 2022). The high-quality, all-wood beachy cabinets feature soft-close drawers, ensuring both style and functionality. Discover tranquility in the two bathrooms embellished with large format glossy tile, while the third presents a tub complemented by a modern tile surround. A 2021 roof installation underscores the home's commitment to excellence. Beyond the interior, the backyard transforms into a resort-like oasis, elevating outdoor living to new heights. Revel in the allure of a recently refinished glass-tile heated pool, a soothing hot tub, and meticulously crafted outdoor spaces. This turnkey property is a host's dream for short-term rentals (Airbnb, VRBO), inclusive of all furnishings, linens, appliances, TVs, electronics, and supplies. Benefit from the existing 2024 bookings, step into a seamless blend of Florida charm and modern convenience. Beachside bliss awaits – make it yours.
Don’t miss the video walk through! Ask your favorite Realtor for more info.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017