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2115 PHILIPPE PARKWAY
About This Property
Beyond the main home, the possibilities truly expand. An attached one car garage is complemented by a detached oversized garage! Complete with a spacious enclosed bonus room overlooking a private pool. Whether you envision a workshop, creative studio, or a future in-law suite, this versatile space is already equipped with a full bathroom and shower, ready to adapt to your needs.
For those who need room to roam, a double gate and extended gravel driveway on the south side of the property offer ample space for boats, RVs, and recreational vehicles... an increasingly rare find in this area.
Inside, the open split floorplan provides both comfort and privacy, making it ideal for hosting guests or simply enjoying your own space. And just beyond your doorstep, lifestyle takes center stage. Less than a mile away, Philippe Park offers direct access to Tampa Bay with a public boat launch, scenic walking trails, fishing spots, picnic areas, playgrounds, kayaking, and even dolphin sightings.
You're also moments from the vibrant downtown district, home to the renowned Safety Harbor Resort and Spa, along with charming shops, restaurants, and year-round community events. With easy access to Gulf beaches and two major airports, convenience meets coastal living at its finest.
Situated high and dry! No Flood Insurance Required! This property delivers peace of mind along with unmatched versatility. Homes like this don't come around often. Schedule your private showing today before this Safety Harbor gem is gone.
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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 |
|---|---|---|---|
| Jul 2, 2026 | Sold | ||
| Sold | |||
| Jun 1, 2026 | In contract | - | |
| In contract | |||
| May 18, 2026 | Price Decreased |
$525,000
↓ $25K
(4.5%) | |
| Price Decreased | |||
| May 6, 2026 | Price Decreased |
$549,900
↓ $10K
(1.8%) | |
| Price Decreased | |||
| May 1, 2026 | Price Decreased |
$560,000
↓ $29K
(4.9%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Safety Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017