11635 131ST STREET
About This Property
The detached 800+ square-foot office, studio, or guest space opens the door for extended family, rental income, a private home office, creative workspace, or future ADU use. An additional rear parcel brings the total property to approximately 1.08 acres and creates a private area set back from the main home with its own potential.
Add a pool, create a backyard retreat, explore another guest house or pole barn, build dedicated storage with a private drive, or design a high-income short-term rental experience with outdoor games, a mini golf course, and space for guests to spread out. There is even room to create a dirt bike track, garden, workshop, or recreational area.
Roof 2022, windows 2021 and HVAC 2021.
Live in the main house and use the additional space for income, rent the front property while developing the rear, or simply enjoy the privacy and freedom that comes with owning more than an acre in Largo. The possibilities are extensive, and the value of the land, structures, and future upside makes this one of the most interesting opportunities available in this price range.
All future uses, additions, rentals, and improvements are subject to county zoning, permitting, and approval requirements. 2 parcels included in sale.
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Cap Rate Calculator
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 29, 2026 | Sold | ||
| Sold | |||
| Aug 22, 2026 | In contract | - | |
| In contract | |||
| Aug 7, 2026 | Listed by EXP REALTY LLC | $749,000 | |
| Listed by EXP REALTY LLC | |||
| Aug 3, 2021 | Sold | ||
| Sold | |||
| Jun 9, 2021 | Listed by MCBRIDE KELLY & ASSOCIATES | $549,900 | |
| Listed by MCBRIDE KELLY & ASSOCIATES | |||
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This one of a kind home is located in a non HOA/CDD area and offers so many options including potential for a home business, in-law suite and rental income! Situated on OVER AN ACRE with the combined parcels and located in a NON FLOOD ZONE has endless opportunities. The Gulf of Mexico's pristine beaches at Indian Rocks Beach are a short bike ride away (3 miles) and The 18-hole Executive Largo Golf Course is a half mile! The home is nestled amongst mature trees and the circular driveway welcomes you into this recently updated split level floor plan! The foyer greets and leads you into the living space that has tons of natural lighting! The newly remodeled kitchen is a DREAM with Granite counter tops, farmhouse sink, shaker style cabinets that are soft close and has pot drawers, blade-less ceiling fan/lighting, all new hardware and Whirlpool stainless steel appliances that includes a French door refrigerator. Entertain with ease as there is plenty of room for a kitchen eat-in space while overlooking the family room which is large enough to accommodate OVERSIZED furniture and has recently refreshed hearth with a newly installed mantle and freshly painted stone! There is an additional room that can be used as a dining room, man cave, play room and can even convert to a 4TH BEDROOM with ease as there is a WALK IN CLOSET! This home is truly designed for privacy with as the SPLIT LEVEL floor plan offers the master bedroom and en suite separated from the two secondary bedrooms that share an updated guest bathroom that is complete with QUARTZ countertop, tiled shower/tub combination and updated fixtures! Your guests will be impressed! The newly installed engineered hardwood flooring is throughout all the main living spaces and ALL THE BEDROOMS in the main home! The additional square footage is separated for even more PRIVACY as it has it’s own access and allows unlimited usage! There is space for a Kitchenette if desired and two rooms which can be used for a living and bedrooms space, office front, man cave and even INCOME GENERATING! Storage for your toys including boats, RVs/motorhome or work related equipment such as lawn care trailers or other heavy duty equipment is no problem as this lot is large enough to accommodate! This location is IDEAL as it is within minutes to US-19, the beaches, tons of walkability to restaurants, shopping and less than 30 minutes to Tampa International Airport, Downtown Tampa and 35 minutes to MacDill AFB, this home is THE ONE!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017