115 16TH STREET
About This Property
DID NOT FLOOD! This Belleair Beach home has a new roof, elevated lot, and water view-a rare combination that offers peace of mind and beachside living.
Now temporarily priced at $825,000-nearly $115,000 below the April 2024 purchase price to encourage a quick summer sale. Tucked on a quiet cul-de-sac just one block from the Gulf, this elevated 3-bedroom, 2.5-bath home delivers stunning Intracoastal Waterway views from the primary suite and deck.
Wake up to dolphins playing in the water and end your day with postcard-worthy sunsets. Just steps from a serene waterfront park with a fishing dock and benches-and one block to your private, residents-only beach access-this location offers the best of the Gulf without the crowds of Clearwater Beach.
Inside, the bright, open layout features soaring ceilings, oversized windows, and fresh coastal tones. The chef's kitchen boasts stainless steel appliances, double ovens, a gas cooktop, and a wine fridge-perfect for entertaining.
Enjoy peace of mind with a brand-new roof (2025), two newer HVAC systems (2023), dual water heaters including an upstairs tankless unit, and an elevated lot that kept the home dry during Hurricane Helene.
Whether you're relaxing in the sun-filled primary suite, entertaining guests, or strolling to the beach, this home delivers the Florida coastal lifestyle you've been dreaming of.
Updated. Move-in Ready. Water Views. Private Beach Access. Large Price Drop.
Check out the floor plans in the photo gallery and schedule your private tour today-opportunities like this don't last!
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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 |
|---|---|---|---|
| Jul 28, 2025 | Sold | ||
| Sold | |||
| Jul 5, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Price Decreased |
$825,000
↓ $50K
(5.7%) | |
| Price Decreased | |||
| Jun 6, 2025 | Price Decreased |
$875,000
↓ $50K
(5.4%) | |
| Price Decreased | |||
| May 2, 2025 | Price Decreased |
$925,000
↓ $50K
(5.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017