159 Medallion BOULEVARD #F
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| May 11, 2026 | Listed by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION | $325,000 | |
| Listed by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION | |||
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This furnished one-bedroom condo on the second floor sits inside a gated waterfront community steps from the Gulf of Mexico, positioned as a personal retreat and a short-term rental that can carry its own weight. The 1-week minimum lease and consistent visitor demand in this zip code make it one of the cleaner income plays on the Pinellas beach corridor.
The open floor plan moves easily from the kitchen through to the living space, with solid wood cabinets, granite counters, and ceramic tile throughout. An in-unit washer and dryer are tucked neatly into the kitchen, a practical detail that adds convenience to your routine. The bedroom has a relaxed coastal feel, dual closets, and a private en-suite bath with an oversized walk-in glass shower and granite vanity.
The community earns its keep: two heated pools, a hot tub, four fishing piers, a community boat ramp, clubhouse, and fitness center, all within a gated waterfront property on Boca Ciega Bay. The HOA covers cable, water, sewer, trash, pest control, exterior maintenance, and pool upkeep. Cross Gulf Boulevard and you're on the sand. John's Pass Village, Clearwater Beach, and St. Pete Beach are all a short drive in either direction.
Offered fully furnished, this short-term rental eligible Madeira Beach condo at this price point is worth a conversation.
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| Aug 19, 2022 | Sold | ||
| Sold | |||
| Jun 13, 2022 | Listed by ENGEL & VOLKERS MADEIRA BEACH | $379,000 | |
| Listed by ENGEL & VOLKERS MADEIRA BEACH | |||
| Aug 27, 2020 | No longer available | - | |
| No longer available | |||
| Aug 21, 2020 | Listed by Future Home Realty Inc | $230,000 | |
| Listed by Future Home Realty Inc | |||
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TURN-KEY SHORT TERM WEEKLY RENTAL Income Property is the perfect BEACHSIDE investment! This unit is already generating income with the potential to DOUBLE the ROI! This Gulf View, Waterfront Community is located ONE Block to the Beach! You can walk to the beach from this unit – no need to drive! This unit has been completely renovated and is being sold FULLY FURNISHED – TURN KEY! This is a Gated community with weekend security guard patrols. There are GULF VIEWS from the front balcony and AMAZING water views from the back patio which offers a table with umbrella and a private grill! Small pets are welcome to owners. Rent 7 day minimum. Low monthly HOA fees of $192! UPGRADES: All windows have been replaced w/ hurricane proof windows. Electrical fuse box replaced in 2015 and HVAC in 2017. Kitchen and Bath have been completely remodeled with granite counters, new fixtures, Washer/dryer INSIDE unit, new cabinets and vanity, new tile floors and more! The unit will sleep 4 (2 on pull out couch and 2 in master bedroom.) There is a large closet and attic access for additional storage. This unit is fully furnished and stocked and is TURN-KEY and ready to generate income for you! On-site amenities include; work out rooms, Sauna, 2 Steam rooms, 2 Pools, Billiards room, Club house, and 4 Piers. WALK to the beach and to Roc Park, Yoga, Tennis courts, Dog park, Playground, Recreation center, Library, Winn Dixie, Massage day Spa! Walking distance to Restaurants and Downtown Madeira Beach. BOATSLIPS for rent from private owners. This unit does not come with a private slip. There are bookings scheduled in 2020 and 2021, ask for details. The manager has listed the unit size as 430 square feet.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/07/2023
|
1 Bed
|
1 Bath
|
430 ft²
|
$395,000
1 Bed
1 Bath
430 ft²
|
$390,000
-1.27%
11/20/2023
|
Chris Remmert
CENTURY 21 EXECUTIVE TEAM
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|
09/19/2022
|
1 Bed
|
1 Bath
|
430 ft²
|
$349,000
1 Bed
1 Bath
430 ft²
|
$315,000
-9.74%
02/24/2023
|
Michael Lynch
COLDWELL BANKER SUN VISTA
| |
|
07/23/2022
|
1 Bed
|
1 Bath
|
430 ft²
|
$414,000
1 Bed
1 Bath
430 ft²
|
-
-
|
Gina Johnson
WATERFRONT REALTY TAMPABAY
| |
|
06/13/2022
|
1 Bed
|
1 Bath
|
430 ft²
|
$379,000
1 Bed
1 Bath
430 ft²
|
$352,000
-7.12%
08/19/2022
|
Michael Wyckoff
Engel & Volkers Madeira Beach
| |
|
06/13/2022
| |
1 Bed
|
1 Bath
|
430 ft²
|
$399,000
1 Bed
1 Bath
430 ft²
|
$390,000
-2.26%
10/10/2022
|
Michael Wyckoff
Engel & Volkers Madeira Beach
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|
07/21/2021
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1 Bed
|
1 Bath
|
430 ft²
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$235,000
1 Bed
1 Bath
430 ft²
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$235,000
07/21/2021
|
Gina Johnson
WATERFRONT REALTY TAMPABAY
| |
|
08/21/2020
|
1 Bed
|
1 Bath
|
430 ft²
|
$230,000
1 Bed
1 Bath
430 ft²
|
-
-
|
Michelle Chandler
Future Home Realty Inc
|
Building Info
- 3 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017