1308 ALHAMBRA DRIVE
About This Property
Welcome to 1308 Alhambra Drive in Apollo Beach, Florida. Built in 2021 by Schmidt Construction, this custom home offers over 3,000 square feet of well-designed living space on an elevated lot just steps from Tampa Bay in the beautiful Andalucia Neighborhood. Designed for comfort, convenience, and resilience, the home features solid block construction, a tile roof, and a private elevator, Storm windows and doors, along with a spacious three-car garage with tall ceilings and doors.
Inside, you'll find 4 bedrooms, 3 bathrooms, and a versatile upstairs loft space. The main floor provides a large great room layout with the primary suite and a secondary bedroom conveniently located on the first level. This open concept main living area is surrounded with long lake/pond views and gorgeous sunsetting horizons. Upstairs, two additional bedrooms and a generously sized loft provide flexible space for guests, a home office, or media room. High-end plank durable tile flooring runs throughout, and the home includes a private irrigation well, a fully fenced backyard, and screened-in upper and lower balconies-both perfect for enjoying the sunset views over Lake Lagomar and Tampa Bay.
This home is located in the Andalucia community, a manned-gated neighborhood with premium amenities including a private marina, bayfront pool, tennis courts, and clubhouse. Please note: this home does not have direct waterfront access and does not include a boat slip at the marina.
Experience elevated coastal living in one of Apollo Beach's most sought-after neighborhoods. Schedule your private showing 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 30, 2025 | Sold | ||
| Sold | |||
| Oct 4, 2025 | In contract | - | |
| In contract | |||
| Aug 6, 2025 | Price Decreased |
$815,000
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Jul 24, 2025 | Price Decreased |
$820,000
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Jul 12, 2025 | Relisted | $825,000 | |
| Relisted | |||
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017