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18218 SUNSET BOULEVARD #AB
About This Property
Another rare advantage: this property does not back up to Gulf Boulevard, providing a quieter, more private atmosphere with Constitution Park buffering the rear of the property, which has a dog walk, playground and town sponsored cookouts and events for residents. Just steps away, you'll find the beach trolley, bus stops, local favorites like Candy Kitchen, Coco Wood Grill, Friendly Tavern, and Broke N Board, plus easy access to restaurants, coffee shops, and the famous Beach Pizza. The lot itself, just under a quarter acre (see attached survey), offers impressive development potential. Buyers are encouraged to call the Town Hall and ask for Eve, head of the building dept regarding set backs, zoning and what can be developed moving forward. Currently zoned a condo.
All this, while being only 30 minutes to Tampa-home of the Buccaneers, Tampa Bay Lightning, the Rays, fine dining, international shopping, Broadway-caliber theater, and an international airport. Just minutes away, St. Pete offers a vibrant nightlife and its iconic new pier, while Clearwater Beach adds yet another world-class destination to the mix.
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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 |
|---|---|---|---|
| Sep 10, 2026 | Price Decreased |
$4,485,000
↓ $5K
(0.1%) | |
| Price Decreased | |||
| Apr 8, 2026 | Price Decreased |
$4,490,000
↓ $10K
(0.2%) | |
| Price Decreased | |||
| Feb 20, 2026 | Price Decreased |
$4,500,000
↓ $300K
(6.3%) | |
| Price Decreased | |||
| Oct 5, 2025 | Price Decreased |
$4,800,000
↓ $700K
(12.7%) | |
| Price Decreased | |||
| Aug 1, 2025 | Listed by REALTY EXPERTS | $5,500,000 | |
| Listed by REALTY EXPERTS | |||
Property Highlights
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Listed On
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Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017