2109 MEADOW BROOK DRIVE
About This Property
Then there's the backyard... designed by longtime hobby breeder and dog enthusiast exhibitor, this unique backyard offers a dedicated kennel building with a bathing station, multiple grass and paver runs, and security features. The self contained setup is ideal for breeders, trainers, groomers, handlers, exhibitors or anyone maintaining multiple dogs. This expansive one-acre property offers endless opportunities for gardening, outdoor recreation, pets, play, or simply enjoying the privacy and open space that's nearly impossible to find in Pinellas County. Prepare to fall in love with your own private resort. The pool, finished with tile pavers and enclosed within a screened lanai also offers a covered and screened patio, outdoor kitchen, and the ultimate setting for sunset dinners, game-day barbecues, or simply relaxing with your favorite drink as the Florida breeze rolls in. Unexpected extras include: NEW ROOF in 2023 and a NEW HVAC in 2025, Non-Evac Zone and No Flood Insurance required! UNINCORPORATED Pinellas County offers unbelievable flexibility and versatility to this home. Additionally, downtown Safety Harbor is less than a mile away and brings the social ambiance and Hallmark-style hometown feel that everyone wants to be a part of. Enjoy 3rd Friday Street Festivals, Sunday Farmer's Market, local boutique shopping, wine bars, craft breweries, coffee shops and highly acclaimed restaurants are right at your backdoor. Enjoy the best of all worlds with highly coveted acreage and close proximity to the area's favorite social ambiance scene. This exceptional residence redefines Florida living, come make this your dream home today!
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017