1609 SAN MATEO DRIVE
About This Property
Every major system has been thoughtfully upgraded - including a 2018 AC with all-new ductwork and an updated water heater - offering both comfort and efficiency. The garage includes a convenient half bath, perfect for outdoor gatherings or future pool days.
The expansive backyard is a rare find and a true highlight, offering the space to create your own private sanctuary. Whether you envision a sparkling pool, a chef's outdoor kitchen, or a lush entertaining space under the stars, this yard can accommodate your dreams. Not located in a flood zone which makes this home even more special!
Just one block from the Pinellas Trail and a short golf cart ride to Downtown Dunedin's vibrant restaurants, shops, breweries, and waterfront parks, this home delivers the perfect blend of modern elegance and coveted location - ready for you to move in and enjoy.
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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 |
|---|---|---|---|
| Dec 15, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Nov 16, 2025 | Price Decreased |
$379,000
↓ $20K
(5%) | |
| Price Decreased | |||
| Oct 15, 2025 | Price Decreased |
$399,000
↓ $16K
(3.9%) | |
| Price Decreased | |||
| Oct 8, 2025 | Price Decreased |
$415,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017