12 LAFAYETTE STREET
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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.
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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 |
|---|---|---|---|
| Oct 8, 2026 | Listed by KW SUNCOAST | $199,900 | |
| Listed by KW SUNCOAST | |||
| May 4, 2026 | Sold | ||
| Sold | |||
| Mar 17, 2026 | In contract | - | |
| In contract | |||
| Feb 12, 2026 | Price Decreased |
$105,000
↓ $5K
(4.6%) | |
| Price Decreased | |||
| Dec 11, 2025 | Listed by WAGNER REALTY | $110,000 | |
| Listed by WAGNER REALTY | |||
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Welcome to 12 Lafayette Street in Braden Castle Park, a 1920s gem that has been a Florida snowbird’s dream for many years. This is a rare opportunity to restore a piece of local history and bring it back to its former grandeur. While the home experienced water intrusion in late 2024, the owners acted promptly to remove affected materials. Today, the property offers a true blank slate—ready for reimagination, restoration, and thoughtful updates to carry this historic bungalow confidently into its next 100 years. Nestled among many other equally unique cottages, Braden Castle Park was originally placed on the map in the 1920s when travel and leisure was all the rage. Many Americans took to the highways to explore new locations and headed South to escape their chilly Northern homes. In 1924, Braden Castle Park was incorporated as “The Camping Tourists of America”, an affiliate of the Tin Can Tourists. Today, year-round and seasonal residents alike appreciate the community and all it has to offer. Boating, shuffleboard, fishing and a community hall are all available with low $400 annual HOA dues. Assigned boat slips are available for an additional $300 annually. A few housekeeping items regarding the HOA - this is a mandatory membership association. It is a 55+ community, no pets, and a three year wait for new residents to rent out their property (thereafter, one month minimum rent, no more than six times a year).
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About Bradenton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017