16110 Gulf BOULEVARD
About This Property
Unlike neighboring Beach Towns where coastline views are often compromised by towering condo complexes obscuring coastal views, this property offers unparalleled, unobstructed vistas of the pristine Florida shoreline. With 65 feet of well-maintained gulf frontage and ideal setback, the lot is primed for the construction of a large contemporary luxury residence, tailored to meet the discerning tastes of its future owner.
The existing structure, renovated in the 1980s, is completely habitable and ensures immediate utility and comfort, serving as a functional living space. The home features vaulted ceilings, open floor plan, and great room and kitchen facing the water.
Renderings have been provided by John Cannon to depict a home that could be built on the property.
Prospective residents will enjoy direct access to Redington Beach's renowned white sands and crystal-clear Gulf waters. Additionally, the strategic location of 16110 Gulf Blvd provides convenient proximity to St. Petersburg, downtown Tampa, Amalie Arena (TB Lightning), Tropicana Field (TB Rays), Raymond James Stadium (TB Bucs), George Steinbrenner Stadium and various arts and cultural exhibits along the Gulf Coast. In addition, the home is just minutes to restaurants, world class golf courses, and shopping. Area beaches and bays are world renowned for boating, fising, and other water activities.
This property represents an exceptional opportunity for those seeking a distinguished coastal lifestyle with the added benefit of easy access to the vibrant entertainment and cultural offerings in the surrounding areas.
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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 |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Mar 29, 2024 | In contract | - | |
| In contract | |||
| Feb 27, 2024 | Relisted | $4,550,000 | |
| Relisted | |||
| Feb 22, 2024 | In contract | - | |
| In contract | |||
| Jan 11, 2024 | Listed by COLDWELL BANKER REALTY | $4,790,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017