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2221 COLONIAL DRIVE
About This Property
Just minutes to the award-winning beaches of Honeymoon Island State Park and Caladesi Island State Park
Close to the vibrant Downtown Dunedin with its waterfront parks, restaurants, breweries, boutiques, festivals, and marina
Easy access to the Pinellas Trail for walking and biking
Approximately 20 minutes to Clearwater Beach
Approximately 30 minutes to Tampa International Airport
Convenient to shopping, medical facilities, golf courses, and everyday conveniences
This home offers the perfect combination of comfort, energy efficiency, privacy, and an unbeatable location. Whether you're looking for a full-time residence, vacation home, or investment opportunity, this Florida oasis is ready for you to move in and start enjoying the lifestyle you've been dreaming about.
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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 |
|---|---|---|---|
| Oct 10, 2026 | Price Decreased |
$499,000
↓ $11K
(2.2%) | |
| Price Decreased | |||
| Sep 25, 2026 | Price Decreased |
$510,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Sep 4, 2026 | Price Decreased |
$520,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Aug 12, 2026 | Price Decreased |
$530,000
↓ $20K
(3.6%) | |
| Price Decreased | |||
| Jul 15, 2026 | Listed by KELLER WILLIAMS ST PETE REALTY | $550,000 | |
| Listed by KELLER WILLIAMS ST PETE REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017