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121 AUGUSTA AVENUE
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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.
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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 |
|---|---|---|---|
| Jun 19, 2026 | Listed by KELLER WILLIAMS REALTY- PALM HARBOR | $3,550,000 | |
| Listed by KELLER WILLIAMS REALTY- PALM HARBOR | |||
| Feb 20, 2026 | Sold | ||
| Sold | |||
| Nov 22, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Listed by RESULTS REAL ESTATE INC | $1,295,000 | |
| Listed by RESULTS REAL ESTATE INC | |||
| | |||
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***Multiple offers - Seller requests all highest and best offers due by 5 p.m. on Thursday, November 20th. *** Welcome to this exceptional waterfront property on Indian Bluff Island in Palm Harbor, offering 4 bedrooms, 4½ bathrooms, and a 3-car garage. Perfectly positioned to capture the beauty of its surroundings, this home features breathtaking water views from the living room, primary bedroom, and kitchen — creating an atmosphere of tranquility and endless possibilities. With its impressive setting and layout, the property represents an outstanding opportunity for renovation or redevelopment in one of Pinellas County’s most sought-after coastal enclaves.
The main living area on the second floor showcases an expansive kitchen with a breakfast nook surrounded by large windows framing the serene waterfront, providing the perfect backdrop for morning coffee or evening gatherings. The open-concept great room includes a sunken living area, a wet bar, and a double-sided fireplace shared with the primary bedroom, all designed to take advantage of the home’s remarkable views. The split-bedroom plan enhances privacy, featuring two guest suites each with their own baths, a fourth guest room, and a full hall bath for added convenience. A laundry room is located on this level, and an elevator provides access between floors.
The ground level offers garage and bonus spaces where drywall has been removed due to storm-related damage, believed to have occurred during Hurricane Milton. The home will require repairs, with the inground pool currently covered, but its structural footprint and premium location make it an ideal candidate for transformation. Whether fully remodeled or reimagined, this property provides the rare opportunity to create a spectacular custom home tailored to your vision — all while enjoying panoramic water views and the serenity of waterfront living.
Nestled on Indian Bluff Island in Palm Harbor, residents enjoy proximity to Honeymoon Island State Park, area beaches, local marinas, charming downtown Palm Harbor, and a variety of shops, restaurants, and recreational destinations along the Gulf Coast. This property combines location, potential, and natural beauty — a truly unique find for those seeking to invest in or design their dream home on Florida’s west coast.
This property is being sold as-is. All information is believed to be accurate but is not guaranteed. Buyers and their agents are encouraged to verify any and all information that is deemed important to their purchase decision.
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| Jun 22, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017