12946 116TH STREET
About This Property
Just minutes from Indian Rocks Beach, this charming home welcomes you with an open floor plan, tile flooring throughout, and a split-bedroom layout for enhanced privacy. The heart of the home features a warm, stone-wrapped wood-burning fireplace and flows seamlessly into a bright enclosed Florida room-fully cooled with central AC-perfect for morning coffee, games, or year-round poolside views.
The kitchen shines with granite countertops, stainless steel appliances, and a layout that's perfect for entertaining. The spacious primary suite offers a walk-in closet and a stylish ensuite bath, while both bathrooms are upgraded with granite vanities and designer tilework.
Step outside to a sparkling inground pool surrounded by fresh brick pavers and a fully fenced backyard with a tall privacy fence-ideal for relaxing, entertaining, and pets. Multiple custom sheds-including one with AC-offer creative or practical flexibility for hobbies, storage, or a personal retreat.
Upgrades include hurricane-impact windows and a reinforced garage door (2009), plus the added bonus of no HOA and no required flood insurance (located in desirable Flood Zone X).
Situated in a peaceful neighborhood, this home is just minutes from Largo Mall, Seminole City Center, the Pinellas Trail, and top-rated Gulf beaches. Enjoy easy access to shopping, dining, parks, golf, medical facilities, and airports-including Tampa International and St. Pete-Clearwater.
Move-in ready, priced to sell, and brimming with possibilities-schedule your private showing today and make it yours!
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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 |
|---|---|---|---|
| Aug 4, 2025 | Sold | ||
| Sold | |||
| Jul 4, 2025 | In contract | - | |
| In contract | |||
| Jun 29, 2025 | Price Decreased |
$499,900
↓ $35K
(6.6%) | |
| Price Decreased | |||
| Jun 13, 2025 | Price Decreased |
$535,000
↓ $15K
(2.7%) | |
| Price Decreased | |||
| May 28, 2025 | Listed by PLUMLEE GULF BEACH REALTY | $550,000 | |
| Listed by PLUMLEE GULF BEACH REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017