123 9TH STREET
About This Property
Though not currently move-in ready, the home has already undergone FEMA-compliant professional remediation following storm-related water intrusion, including drywall removal and mold treatment. Major systems are already in place, including a new David Lennox 3-ton HVAC system installed in Summer 2024. For those looking to personalize their dream coastal home, fully permitted architectural plans for a pool are available upon request-offering a head start on creating a true backyard retreat.
This property offers a rare opportunity to restore or redesign in one of Pinellas County's most desirable beachside communities. Belleair Beach is known for its relaxed, residential feel with designated beach parking for residents, walkability to Bayside Park and tennis courts, and easy access to Belleair Bluffs, Clearwater Beach, and local marina dining. Whether you're seeking a serene long-term homestead or a smart renovation investment, this home offers the structure, location, and lifestyle that make Belleair Beach so special. Schedule your private showing today and unlock the possibilities.
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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 15, 2025 | Sold | ||
| Sold | |||
| Sep 1, 2025 | In contract | - | |
| In contract | |||
| Aug 30, 2025 | Price Decreased |
$429,000
↓ $21K
(4.7%) | |
| Price Decreased | |||
| Aug 6, 2025 | Listed by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION | $450,000 | |
| Listed by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION | |||
| Jun 12, 2025 | Price Decreased |
$474,900
↓ $25K
(5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017