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16029 REDINGTON DRIVE
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%.
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 |
|---|---|---|---|
| Jun 28, 2026 | Price Decreased |
$999,999
↓ $39K
(3.8%) | |
| Price Decreased | |||
| Feb 5, 2026 | Listed by FUTURE HOME REALTY INC | $1,039,000 | |
| Listed by FUTURE HOME REALTY INC | |||
| Oct 4, 2025 | Price Decreased |
$1,089,000
↓ $100K
(8.4%) | |
| Price Decreased | |||
| Aug 12, 2025 | Listed | $1,189,000 | |
| Listed | |||
| | |||
|
LOCATION IS EVERYTHING...If you are looking for BREATH TAKING UNBELIEVABLE VIEWS with EXPANSIVE OPEN WATER VIEWS of the INTRACOASTAL..THIS IS IT. This 3 bedroom 2 bath, SPLIT FLOOR PLAN is located on one of the most beautiful lots in Redington Beach. The home experienced damage from hurricane Helene giving you the opportunity to repair or redevelop, adding your personal touches to make it your own. ***THIS PROPEERY HAS BEEN DEEMED NOT SUBSTANTIALLY DAMAGED****Significant upgrades have already been done...NEW ROOF 2023, NEW DOCK 2024 WITH A 10000 LB BOAT LIFT. The home oozes with Ole SOUTHERN FLORIDA CHARM, staring with the expansive front porch, to the open floor plan that has 3 sets of FRENCH DOORS all leading out to a magnificent pool area where you will enjoy countless hours of relaxation and entertaining, sitting under your Tiki Bar, entertaining your friends and family. The seller has a current appraisal which significantly raises the value for the FEMA 50% rule. Call to schedule your showing today
| |||
| Apr 27, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017