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1250 LAKEVIEW ROAD
About This Property
The spacious and fully fenced corner lot does more work than most at this price. A gate in the fence gives you drive-in access for a boat, an RV, or work equipment, which is not easy to find this close to downtown. Behind the house there is a wide wood deck under the oaks, a storage shed, and a second detached building with its own private entrance. It serves as an office or studio as it stands, and with the right permitting through the City of Clearwater it is a natural candidate for a separate suite, whether that means rental income or room for family. The rest of the yard is open ground for a garden, a playground, or pets, and with no HOA, no minimum lease period, and a Flood Zone X designation, the carrying costs stay predictable whether you hold it or renovate and resell.
Clearwater Plaza and Publix sit a few blocks away, close enough that the weekly errands never involve a main road. Ross Norton Recreation Center and Park is a short walk, Belleair Country Club is just south, and Morton Plant Hospital is minutes north. Coachman Park and the BayCare Sound are under three miles, and Clearwater Beach is a straight run west over the Memorial Causeway
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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 27, 2026 | In contract | - | |
| In contract | |||
| Oct 9, 2026 | Price Decreased |
$205,000
↓ $32K
(13.5%) | |
| Price Decreased | |||
| Sep 24, 2026 | Price Decreased |
$237,000
↓ $8K
(3.3%) | |
| Price Decreased | |||
| Sep 1, 2026 | Listed by KELLER WILLIAMS GULF BEACHES | $245,000 | |
| Listed by KELLER WILLIAMS GULF BEACHES | |||
| Aug 10, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017