1149 MARINA DRIVE
About This Property
Step into timeless charm and modern luxury with this one-of-a-kind custom-built 3-story loft home, inspired by a historic Key West residence. Nestled in the heart of Tarpon Springs, just a 10-minute stroll from the world-famous Sponge Docks, this 3 bed, 3 bath home offers an unmatched combination of character, comfort, and convenience.
From the moment you arrive, you'll be captivated by stunning views from every level-including sweeping 360-degree vistas of the water, lush conservation lands, and the bustling Sponge Docks from the third-story bonus room-the perfect space for a home office, studio, or lounge. The open-concept great room features soaring ceilings, bathing the home in natural light and creating an airy, welcoming atmosphere.
Designed for both entertaining and everyday living, the chef's kitchen includes a gas range, ample counter space, and a seamless flow into the dining and living areas. Upstairs, the loft-style library features a large built-in bookcase, providing plenty of space for your book collection, decor, or display pieces.
Step outside to your private backyard oasis, where a large pool and spa await-ideal for relaxing under the Florida sun. Best of all, the home and pool remained high and dry during recent storms, offering peace of mind in any season.
Located just minutes from Downtown Tarpon Springs, beautiful Gulf beaches, local parks, and vibrant shops and restaurants, this home delivers the best of Florida living with a historic twist.
Don't miss your chance to own this truly unique coastal gem-schedule your private 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 |
|---|---|---|---|
| Dec 29, 2025 | Sold | ||
| Sold | |||
| Nov 26, 2025 | In contract | - | |
| In contract | |||
| Oct 2, 2025 | Price Decreased |
$900,000
↓ $90K
(9.1%) | |
| Price Decreased | |||
| Sep 13, 2025 | Price Decreased |
$990,000
↓ $110K
(10%) | |
| Price Decreased | |||
| Aug 20, 2025 | Price Decreased |
$1,100,000
↓ $90K
(7.6%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Tarpon Springs
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$2,250 /mo
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$2,400 /mo
- 2 Beds
- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017