12811 LAKE DRIVE
About This Property
At the heart of the home, the kitchen is both stylish and functional, featuring granite countertops, stainless steel appliances, generous cabinetry, ample workspace, and a breakfast bar that is perfect for a quick bite, morning coffee, or chatting with family and friends while meals are being prepared. Just off the kitchen is a defined dining area that remains connected to the main living space while providing a dedicated setting for everyday meals or entertaining. A separate set of sliding glass doors from the dining area opens directly to the screened lanai, creating an easy connection between indoor dining and outdoor relaxation.
One of the home's standout features is the three-panel pocket sliding glass door that opens fully from the living room to the screened lanai. With the doors tucked completely out of sight, the living room and lanai blend together to create an expanded entertaining space that is ideal for gatherings, quiet mornings, evening cocktails, or simply enjoying Florida's indoor-outdoor lifestyle. Beyond the lanai, the backyard offers plenty of room to enjoy the outdoors - and yes, there is room for a pool, giving you the opportunity to create your own private Florida retreat, subject to applicable permitting requirements.
The split-bedroom layout provides added privacy, with the primary suite separated from the secondary bedrooms. Updated bathrooms add a fresh, modern feel, while the additional bedrooms offer flexibility for family, guests, a home office, or hobby space.
The attached 2-car garage provides secure parking along with valuable storage space for beach gear, bicycles, golf clubs, and everyday essentials.
The location adds even more appeal. Largo Golf Course is just down the block, while the beautiful Gulf beaches are less than two miles away. Shopping, dining, parks, and everyday conveniences are also close by, putting the best of Largo and the surrounding beach communities within easy reach.
With no minimum lease period, the property also offers flexibility as a primary residence, seasonal getaway, or potential short-term rental through Airbnb or VRBO, subject to applicable local regulations and buyer verification.
Whether you are looking for a comfortable full-time home, a Florida retreat, or an investment opportunity near the beach, this Pre-Certified Home brings together space, tasteful updates, indoor-outdoor living, flexibility, and a location that makes enjoying the Florida lifestyle easy.
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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 24, 2026 | Sold | ||
| Sold | |||
| Aug 19, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2026 | Listed by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION | $449,900 | |
| Listed by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION | |||
| Mar 29, 2023 | Sold | ||
| Sold | |||
| Dec 26, 2022 | Listed by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION | $469,000 | |
| Listed by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017