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Holmes Beach 34217 Holmes Beach
224 85th STREET
$700,000
● House - Off Market

224 85th STREET

HOLMES BEACH, FL 34217
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,828 Ft²
$4,106
Est. Monthly
4.19%
Cap Rate

About This Property

This spacious 3-bedroom, 2-bath home offers endless possibilities, whether you are looking to create your dream coastal retreat or start fresh with a custom build. The interior has been fully remediated, providing a blank canvas to design a layout that perfectly suits your vision. The existing open floor plan includes a large family room and ample space for modern living, while the generous yard has plenty of room for a pool to complete your private oasis. Short walk to the beach ensures you'll enjoy all the charm and relaxation this great area of the island has to offer. Don't miss out on this cute little slice of island life!
Unit Size
1,828 Ft²
Days on Market
68 days
Land Size
0.21 acres
Price per sqft
$426
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 2 years ago (Stellar MLS #A4630140)

Price History

Date / Event Date Event Price
Jan 31, 2025 Sold
Premium
Sold
Jan 7, 2025 In contract -
In contract
Nov 24, 2024 Listed by DUNCAN REAL ESTATE, INC. $779,000
Listed by DUNCAN REAL ESTATE, INC.
Feb 1, 2017 Sold
Premium
Sold
Jul 1, 1999 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 4
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 450
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 113

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 900
  • Total Building Area: 2,077
  • Gross Building Area: 2,077
  • Building Area: 1,828
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,828
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLMES BEACH 33RD UNIT
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 9 BLK 10 HOLMES BEACH THIRTY THIRD UNIT PI#69413.0000/3

Neighborhood

  • School District Name: Manatee County School District
  • School Tax School District: MCPA&MCPS
  • Census Tract: 001801

Zoning

  • Zoning: HB_R-1

Geography

  • Assessors Map Reference: 11H
  • Subdivision Tract Number: 06936100
  • Parcel: 69413-0000-3
  • Block: 10
  • Lot: 9
  • Meridian: SEC 17 TWN 34S RNG 16E
  • Municipality: HOLMES BEACH
  • Latitude: 27.524
  • Longitude: -82.728

    Address

  • Full Address: 224 85th St
  • Address - House Number: 224
  • Address - Street Name: 85th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Holmes Beach
  • Carrier Code: C002
  • 4-Digit Zip Code: 1024
  • Zip Code: 34217

Valuation

    Tax

  • Total Area: 1,378
  • Tax Year: 2022
  • Tax Amount: $335,229
  • Tax Rate Code Area: 24

    Appraisal Valuation

  • Standard Deviation: 0.1899
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 1,337,070
  • High Value: 1,590,982
  • Low Value: 1,083,157

    Market Valuation

  • Market Total Value: $1,017,608
  • Market Land Value: $654,500
  • Market Improvement Value: $363,108

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,681

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 01, 2017
  • Current Sale Recording Date: Feb 01, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 01, 1999
  • Previous Sale Contract Date: Jun 21, 1999
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Holmes Beach

Stats & Trends

Median Asking:

$1,260,000

Sale Price/ft²

$810

Below Asking

0.03%

Average Days on Market

101

Average Home Size

2012 ft²

Average Home Age

41.4 years

Currently For Sale

214 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 208 Magnolia Avenue, ANNA MARIA, FL, 34216

$3,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,760 ft²
208 Magnolia Avenue #B, ANNA MARIA, FL, 34216 Listing by Joshua Sato

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Darcie Duncan
DUNCAN REAL ESTATE, INC.
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# A4630140
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 224 85th Street built and last sold?
The property at 224 85th Street was built in 1963 and last sold on Feb 1, 2017 for $100.
How much is this home worth?
The estimated value of the home located at 224 85th Street is $0.
What are some comparable homes to 224 85th Street?
There are currently no comparable homes to 224 85th Street.
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