1216 LOTUS PATH
About This Property
An enormous "Century" Live Oak Tree graces the front yard, while the tropical backyard oasis features a large patio, fire pit, and a Florida-screened lanai with an insulated roof and outdoor ceiling fan-perfect for year-round relaxation. Inside, the home boasts a phenomenal open floor plan with an abundance of natural light, timeless terrazzo floors throughout, and wood plantation shutters for a classic touch.
The kitchen is beautifully updated with new 2024 Samsung stainless steel appliances, including an induction stove, dishwasher, and microwave, as well as granite countertops, maple cabinetry, and a pantry. Additional updates include a new 2024 electrical panel, all-new Square D electrical fuses, new outlets and switches, energy-efficient LED lighting and fan fixtures, and all-new Kwikset door locks that can be rekeyed without a locksmith. The bathroom features a new LED lighted and heated vanity mirror, and the old sliding glass shower doors and threshold have been removed for a sleek, modern look.
For added efficiency, this home is equipped with commercial-grade electrical breakers and surge protection, installed in February 2025, and a brand-new water heater (2025), both inspected and passed by the Clearwater city inspector. These upgrades ensure reliability and contribute to the home's increased value.
Built for durability, the home features hurricane-proof windows and storm shutters, a white vinyl backyard fence for easy maintenance, and a concrete tile roof with 20 years remaining. The copper wiring and 200 AMP fuse box have been recently updated, and the prior owners replaced the sewer and water lines. The Hunter sprinkler system is connected to reclaimed water, helping to save on utility costs. An in-ground retractable flagpole adds a charming touch. A recent survey will be provided at closing, helping buyers save on closing costs. **Please note that this property is a SHORT SALE and the sales price may Not Cover all encumbrances and or closing costs.**FINAL APPROVAL for this short sales OFFERS is with the bank, and or bank/investor**BRING ALL OFFERS**
Centrally located, this home is within walking distance to Druid and Pinellas Trails, just 5.9 miles (10 minutes) from Sand Key Park and the Gulf of Mexico, two blocks from Glen Oaks Park and soccer fields, and only 1.5 miles (5 minutes) from Morton Plant Hospital. Plus, Tampa International Airport is just 17 miles (25 minutes) away.
Don't miss this opportunity to own a beautifully updated, well-maintained home in a prime location. Schedule a tour 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%.
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 |
|---|---|---|---|
| Oct 14, 2025 | Sold | ||
| Sold | |||
| Aug 30, 2025 | In contract | - | |
| In contract | |||
| Jul 8, 2025 | Price Decreased |
$345,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Jun 21, 2025 | Price Decreased |
$350,000
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Jun 20, 2025 | Price Increased |
$351,000
↑ $1K
(0.3%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017