1198 FAIRWAY DRIVE
About This Property
Move right in and enjoy the home's many well-maintained features, then update at your own pace to suit your taste and lifestyle. The freshly painted exterior and interior create a bright, welcoming feel, while large windows flood every room with natural light. Each of the three bedrooms is a corner room with windows on two sides, creating an airy sense of space. Gorgeous original wood flooring runs through much of the home-rich in character and in excellent condition.
Unlike most homes in Fairway Estates, this one was built with a raised crawl space foundation-an uncommon and desirable feature that provides easy access to plumbing and electrical systems, enhanced air circulation under the home, and a cooler, drier environment indoors during Florida's humid months. It's one of those subtle construction details that reflects thoughtful mid-century design and long-term practicality.
The spacious two-car garage includes a convenient half bath, ideal for rinsing off after a day at the beach or tending the garden. The large, pool-sized lot is fully fenced, offering privacy and room to expand. Practical updates include a roof installed in 2015, HVAC replaced in 2021, and a new water heater in 2024. The home features propane service for both the furnace and water heater and sits high and dry in a non-evacuation, Flood Zone X location for peace of mind year-round.
Fairway Estates residents enjoy access to Lake Saundra Park, a tranquil neighborhood retreat where neighbors gather to enjoy birdwatching, sunsets, and the occasional family of otters. The community is golf cart approved and ideally located near the recently restored Dunedin Golf Club-a historic Donald Ross design-as well as the Pinellas Trail, Dunedin Causeway, Honeymoon and Caladesi Island State Parks, and the Dunedin Community and Fine Arts Centers.
Come experience the nostalgia, character, and unbeatable location that make this home such a treasure-and imagine the possibilities for your own modern vision. 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%.
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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 3, 2025 | Sold | ||
| Sold | |||
| Nov 10, 2025 | In contract | - | |
| In contract | |||
| Oct 24, 2025 | Listed by RE/MAX ACTION FIRST OF FLORIDA | $500,000 | |
| Listed by RE/MAX ACTION FIRST OF FLORIDA | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017