1799 St Pauls DRIVE
About This Property
As you step inside, you'll discover the impressive natural lighting and layout featuring 4 bedrooms and 3 baths, providing ample space for everyone. The master bedroom is an expansive 23-ft, offering a tranquil retreat with sliding doors that lead directly to the lanai and pool, allowing you to bask in the scenic views. The generous master bath is elegantly designed with a separate whirlpool bathtub and toilet room, as well as a spacious walk-in shower equipped with a showerhead at each end.
This home is designed with entertainment in mind, boasting a spacious media room with built-in shelving and granite tops, where you can enjoy immersive movie nights with friends and family. Additionally, there is a large, versatile Study/Library featuring built-in shelves and fireplace, providing a flexible space that can be tailored to suit your individual needs. The main living area features a fireplace and high ceilings that enhance the sense of spaciousness and grandeur, creating an inviting atmosphere throughout.
For those who appreciate culinary delights, this home features granite countertops, a 16-ft walk-in pantry complete with a sink and included 2nd refrigerator, a formal dining room, and a kitchenette for casual dining options.
Walk seamlessly to the in-ground saltwater pool, complemented by a pool enclosure and an attached hot tub for relaxation and leisure. The 28-ft paved lanai, which is level with the home, provides seamless access to the pool and paved patio, ensuring a smooth transition between indoor and outdoor living. Enjoy the 120-ft of scenic waterfront on Allen Creek and direct access to the bay. This property is for the nature lover and has easy access to hiking and bike trails with Eagle Lake Park only 1 mile away.
Centrally located, situated just 6.6 miles away from the stunning Clearwater Beach, and is a 26 to 33 minute drive to downtown Tampa, the airport, and St. Pete.
Noteworthy updates and features include a 2002 addition to the home, pool, patio, and screen enclosure that seamlessly integrates with the original design. A 2013 roof, 2014 dual HVAC system, and all panel breakers replaced and GFCI's checked 2023. Garage includes finished garage floor and overhead shelving. Indoor laundry room. Two attics with ample storage space, including storage cubbies to provide even more options for keeping things tidy and easily accessible.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017