2078 SHADOW LANE
About This Property
This move-in-ready home features a fully remodeled kitchen with modern finishes and thoughtful design, perfect for both everyday living and entertaining. Throughout the home, you'll find new luxury vinyl plank flooring, creating a clean, cohesive look that complements the updated interior.
Major improvements include updated plumbing and electrical systems, providing long-term reliability and peace of mind. The home has also been enhanced with permitted improvements to the area behind the garage, adding valuable living space that includes a hallway, laundry room, and a fully remodeled second bathroom. Both bathrooms feature premium tile finishes and modern fixtures.
Comfort is further elevated with the addition of HVAC servicing the rear living area, ensuring consistent climate control throughout the home. A new garage door enhances both curb appeal and functionality. An added bonus is the fully paid-off solar system, offering energy efficiency and long-term savings.
Ideally located in north Clearwater, this home is just approximately 10 minutes from downtown Dunedin, providing easy access to top-rated restaurants, breweries, shopping, and coastal attractions-while still enjoying the quiet charm of an established residential community.
This beautifully updated property offers exceptional value, quality upgrades, and a prime location-an outstanding opportunity in one of Clearwater's most desirable neighborhoods.
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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 13, 2026 | Sold | ||
| Sold | |||
| Feb 23, 2026 | In contract | - | |
| In contract | |||
| Jan 24, 2026 | Price Decreased |
$400,000
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Dec 27, 2025 | Listed by CHARLES RUTENBERG REALTY INC | $420,000 | |
| Listed by CHARLES RUTENBERG REALTY INC | |||
| Jun 30, 2025 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017