2228 SWEDISH DRIVE #2
About This Property
OTOW offers the security and comfort of being situated on one of the highest points in Pinellas County, safe from any potential storm surge. The buildings are made of concrete, built to withstand hurricane winds, and the Milestone Study has been completed with no need for Phase II. Additionally, OTOW has a long history of careful budgeting, resulting in NO special assessments during its four-decade history.
The 55+ community offers a wealth of amenities, with two activity centers, two heated swimming pools, a fitness center, tennis and pickleball courts, walking paths, and two private golf courses with 9 and 18 holes, free exclusively for resident owners, and more. OTOW is a very pet-friendly community, with a fenced dog park available just a few blocks from your condo. There are also hobby studios, and a wood shop for the exclusive use of residents. Association activities include swimming, fitness classes, dancing, clubs, cards, billiards, entertainment, educational classes, tennis, pickleball, and much more. Close to beaches, transportation, shopping, entertainment, and dining. Whether you're looking for a year-round residence or a seasonal retreat, this home has everything you need for an enjoyable and comfortable lifestyle.
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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 |
|---|---|---|---|
| Mar 31, 2025 | Sold | ||
| Sold | |||
| Jan 20, 2025 | In contract | - | |
| In contract | |||
| Jan 16, 2025 | Listed by FUTURE HOME REALTY INC | $353,000 | |
| Listed by FUTURE HOME REALTY INC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/26/2026
|
2 Bed
|
2 Bath
|
1450 ft²
|
$165,000
2 Bed
2 Bath
1450 ft²
|
$157,000
-4.85%
04/21/2026
|
Jason Johantgen
COLDWELL BANKER RESIDENTIAL
| |
|
05/02/2025
|
2 Bed
|
2 Bath
|
1740 ft²
|
$275,000
2 Bed
2 Bath
1740 ft²
|
$270,000
-1.82%
07/03/2025
|
Donald Lawrence III
Lawrence International Realty
| |
|
01/16/2025
|
2 Bed
|
3 Bath
|
1740 ft²
|
$353,000
2 Bed
3 Bath
1740 ft²
|
$360,000
+1.98%
03/31/2025
|
David Kelly
Keller Williams - Palm Beach Central
| |
|
11/01/2024
|
2 Bed
|
2 Bath
|
1740 ft²
|
$287,500
2 Bed
2 Bath
1740 ft²
|
$270,000
-6.09%
01/31/2025
|
Bob McCaffery
BHHS Florida Properties Group
| |
|
06/08/2024
|
2 Bed
|
2 Bath
|
1450 ft²
|
$275,000
2 Bed
2 Bath
1450 ft²
|
$205,000
-25.45%
01/31/2025
|
Nan George
RE/MAX ACTION FIRST OF FLORIDA
| |
|
05/28/2024
|
2 Bed
|
2 Bath
|
1740 ft²
|
$305,000
2 Bed
2 Bath
1740 ft²
|
$272,000
-10.82%
07/03/2025
|
David Kelly
Keller Williams - Palm Beach Central
| |
|
10/25/2023
|
2 Bed
|
2 Bath
|
1725 ft²
|
$345,000
2 Bed
2 Bath
1725 ft²
|
$335,000
-2.90%
12/04/2023
|
David Kelly
BHHS FLORIDA PROPERTIES GROUP
| |
|
02/13/2023
|
2 Bed
|
2 Bath
|
1400 ft²
|
$224,000
2 Bed
2 Bath
1400 ft²
|
$200,000
-10.71%
04/10/2023
|
Susan Holmes
Bonomo Realty, LLC
| |
|
04/29/2021
|
2 Bed
|
3 Bath
|
1725 ft²
|
$195,000
2 Bed
3 Bath
1725 ft²
|
$190,000
-2.56%
08/04/2021
|
Ken Reiss
ON TOP OF THE WORLD RE
| |
|
02/06/2020
|
2 Bed
|
3 Bath
|
1725 ft²
|
$215,000
2 Bed
3 Bath
1725 ft²
|
-
-
|
Ken Reiss
ON TOP OF THE WORLD RE
| |
|
09/11/2019
|
2 Bed
|
2 Bath
|
1400 ft²
|
$145,000
2 Bed
2 Bath
1400 ft²
|
-
-
|
Melissa Baird
ON TOP OF THE WORLD RE
| |
|
10/08/2018
|
2 Bed
|
2 Bath
|
1100 ft²
|
$135,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
-
| |
|
10/04/2018
|
2 Bed
|
2 Bath
|
1400 ft²
|
$179,500
2 Bed
2 Bath
1400 ft²
|
-
-
|
-
|
Building Info
About On Top of the World
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