11511 PALMETTO PINE STREET
About This Property
Boasting 3,307 square feet of living space, this thoughtfully designed floor plan offers 5 generously sized bedrooms, 3 full bathrooms, and a large upstairs bonus room-ideal for a media room, playroom, or additional living space. A first-floor bedroom with a closet provides the perfect setup for guests, a home office, or multigenerational living.
The heart of the home is the spacious chef's kitchen, featuring solid wood cabinetry, a double oven, stainless steel appliances, a large pantry, stylish backsplash, and an oversized breakfast bar/island-perfect for gathering and entertaining. The kitchen flows seamlessly into the expansive living and dining areas, enhanced by abundant natural light and an open-concept layout.
Step through sliding glass doors to the covered and enclosed lanai, where you can relax and unwind while enjoying the fully fenced backyard. With plenty of room to add a pool, this outdoor space is ready to become your own private oasis. A new sauna on the patio adds an extra touch of luxury and relaxation.
Upstairs, you'll find four additional bedrooms along with a spacious bonus room. The primary suite is a true retreat, featuring a tray ceiling, dual vanities, a custom walk-in closet with built-in organization, a garden tub, and a separate shower.
Additional highlights include hurricane shutters, a three-car garage with ample storage, and an extended driveway for additional parking.
Conveniently located near top-rated K–12 public and charter schools, the FishHawk Sports Complex, YMCA, St. Joseph's Hospital, shopping, dining, and major highways-with easy access to MacDill AFB-this home offers both comfort and convenience.
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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 |
|---|---|---|---|
| Sep 24, 2026 | Sold | ||
| Sold | |||
| Aug 23, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Price Decreased |
$495,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Jun 13, 2026 | Price Decreased |
$510,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Apr 23, 2026 | Listed by REAL BROKER, LLC | $525,000 | |
| Listed by REAL BROKER, LLC | |||
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About Riverview
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017