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16550 GULF BOULEVARD #342
About This Property
A 28-foot private balcony-accessible from both the living room and primary suite-provides the perfect setting for morning coffee or evening entertaining. Interior features include a custom installed feature wall in the dining & great room, porcelain tile flooring, granite countertops, crown molding, stainless steel appliances, and a light, coastal design throughout. The kitchen flows effortlessly into the great room and dining area, all oriented toward stunning Gulf views.
The primary suite offers balcony access, a walk-in closet, and a spa-like bath with dual vanities and a walk-in shower. A split-bedroom plan ensures privacy, with two additional bedrooms featuring custom California closets. A custom Murphy bed is included, and all furnishings are negotiable for a move-in ready opportunity.
Additional highlights include new HVAC (2025) & water heater (2025), newer full-size LG washer/dryer, newer Samsung fridge, new toilets, impact-rated sliders & windows (2023), assigned under-building parking, and private storage.
Residents enjoy resort-style amenities including three beachfront pools, heated spa, grills, Big Green Eggs, fitness center, recently remodeled clubhouse with 2 kitchens for entertaining, and 24-hour gated security, all set along a pristine stretch of white sand beach. Ideally located near St. Petersburg, dining, shopping, and two international airports, with a 30-day minimum rental policy offering excellent investment potential.
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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 |
|---|---|---|---|
| Jun 23, 2026 | Sold | ||
| Sold | |||
| Jun 2, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Listed by KELLER WILLIAMS REALTY- PALM H | $1,200,000 | |
| Listed by KELLER WILLIAMS REALTY- PALM H | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/12/2026
|
3 Bed
|
2 Bath
|
1460 ft²
|
$1,200,000
3 Bed
2 Bath
1460 ft²
|
$1,117,500
-6.88%
06/23/2026
|
Jenny Neumeyer
SOUTHERN LIFE REALTY
| |
|
02/13/2026
|
3 Bed
|
2 Bath
|
1710 ft²
|
$1,850,000
3 Bed
2 Bath
1710 ft²
|
$1,750,000
-5.41%
03/06/2026
|
Kathryn Krayer Zimring
RE/MAX METRO
| |
|
04/12/2022
|
2 Bed
|
2 Bath
|
1340 ft²
|
$1,200,000
2 Bed
2 Bath
1340 ft²
|
$1,150,000
-4.17%
07/18/2022
|
Gary Cohn
REDINGTON REALTY INC
| |
|
01/26/2022
|
3 Bed
|
3 Bath
|
1710 ft²
|
$1,890,000
3 Bed
3 Bath
1710 ft²
|
$1,810,000
-4.23%
04/26/2022
|
Rhea Shoop
COASTAL PROPERTIES GROUP INTER
| |
|
11/15/2019
| |
2 Bed
|
2 Bath
|
1340 ft²
|
$675,000
2 Bed
2 Bath
1340 ft²
|
-
-
|
Gayle Roffis
ENGEL & VOLKERS MADEIRA BEACH
|
|
11/15/2019
|
2 Bed
|
2 Bath
|
1340 ft²
|
$675,000
2 Bed
2 Bath
1340 ft²
|
-
-
|
Gayle Roffis
ENGEL & VOLKERS MADEIRA BEACH
| |
|
08/02/2018
|
3 Bed
|
3 Bath
|
1826 ft²
|
$1,050,000
3 Bed
3 Bath
1826 ft²
|
$939,000
-10.57%
04/29/2019
|
Gary Wilson
| |
|
03/27/2018
|
2 Bed
|
2 Bath
|
1340 ft²
|
-
2 Bed
2 Bath
1340 ft²
|
-
-
|
Dennis Markley
Redington Realty Inc
|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017