51
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205 GULF BOULEVARD
About This Property
Property Highlights
-3 bedrooms, 3 bathrooms
-Approx. 1,952 sq ft single-family home
-2-car garage
-600 sq ft sun deck
-Corner lot – 60' x 115'
-Located directly on sought-after Gulf Boulevard
-Just steps from quiet, resident-focused Gulf beach access
.Investor / Handyman Opportunity!
The home experienced storm damage from recent hurricanes, and all damaged materials have already been removed. This gives the next owner a clean starting point to renovate, redesign, or customize to their taste - without paying full market pricing for a finished home in this area.
Homes in this section of Belleair Beach rarely come available, especially at a price that leaves room for renovation and equity growth.
Why Buyers Love This Location
-Quiet residential beach community with no heavy tourist traffic
-Close to the beaches of Clearwater but far more private and peaceful
-Easy access to the mainland via the Belleair Causeway
-Strong long-term property values in one of Pinellas County's most desirable coastal neighborhoods
Perfect For:
-Buyers wanting a beach home below market value
-Investors looking for a renovation project in a premium location
-Someone ready to turn a fixer-upper into their dream coastal home
-Anyone searching "Gulf Blvd Belleair Beach homes for sale"
Listed By
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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 30, 2026 | Price Decreased |
$599,000
↓ $51K
(7.9%) | |
| Price Decreased | |||
| Jul 14, 2026 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Jun 19, 2026 | Price Decreased |
$675,000
↓ $50K
(6.9%) | |
| Price Decreased | |||
| Apr 29, 2026 | Price Decreased |
$725,000
↓ $74K
(9.3%) | |
| Price Decreased | |||
| Mar 20, 2026 | Listed by BIANCHI REALTY & PROPERTY MANAGEMENT INC. | $799,000 | |
| Listed by BIANCHI REALTY & PROPERTY MANAGEMENT INC. | |||
Property Highlights
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017