1670 MONTEREY DRIVE
About This Property
Monterey Gardens is a beautiful, quiet, established community with mature landscaping in the heart of Clearwater just minutes from the beach. When entering this home you will be charmed by the vaulted ceilings, fireplace, wood beams and cedar accent wall. Fresh flooring was installed throughout the home to give it an updated feel for its new owners. Florida living at its finest with the abundant outdoor spaces and large screened in patio. Property boasts of a split bedroom layout and open floor plan. Laundry room off of kitchen with a small bonus room that can be used for storage or a home office. Roof and AC both replaced in 2019, water heater is 2023 along with all new exterior doors in 2020. This home has a clean four point inspection that was obtained prior to listing. Make this property your own slice of paradise. Schedule a showing today.
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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 |
|---|---|---|---|
| Mar 4, 2026 | Sold | ||
| Sold | |||
| Jan 30, 2026 | In contract | - | |
| In contract | |||
| Jan 1, 2026 | Listed by CONCI, REALTORS | $410,000 | |
| Listed by CONCI, REALTORS | |||
| Oct 18, 2025 | Price Increased |
$415,000
↑ $15K
(3.8%) | |
| Price Increased | |||
| Oct 3, 2025 | Price Decreased |
$400,000
↓ $25K
(5.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017