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16402 FRINGE TREE DRIVE
About This Property
A palm tree–lined driveway creates a warm and welcoming entrance, leading to a home designed with a split floor plan that offers excellent privacy. The open and airy layout features abundant windows that fill the home with natural light while showcasing views of the private backyard pool area.
The kitchen includes a large peninsula with generous counter space, making it ideal for cooking, baking, and entertaining. The primary suite offers direct access to the backyard and pool, along with a spacious bathroom featuring a double vanity, soaking tub, large shower, and walk-in closet.
Step outside to enjoy Florida living at its best with a private pool and a charming pergola, perfect for relaxing with a morning coffee or unwinding in the evening.
This property also offers exceptional versatility with multiple outbuildings, including two pigeon lofts, an oversized shed, and a 2-car garage/workshop. Located in a pigeon racing neighborhood where many homes feature lofts, the property provides a unique opportunity for hobbyists or enthusiasts, all with no HOA fees. There is also a paved secondary driveway, allowing drive up access to your second garage.
Additional updates include a recently replaced A/C system and fresh exterior paint. With ample open space remaining on the acre lot, there is still plenty of room for gardening, recreation, or future projects.This home is a rare combination of space, flexibility, and Florida outdoor living. Schedule your showing today!
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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 |
|---|---|---|---|
| Sep 14, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Price Decreased |
$500,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Apr 24, 2026 | Price Decreased |
$515,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Mar 5, 2026 | Listed by KELLER WILLIAMS SOUTH TAMPA | $525,000 | |
| Listed by KELLER WILLIAMS SOUTH TAMPA | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017