2247 DONATO DRIVE
About This Property
Built in 1992 and encompassing 3,406 square feet, the home offers three bedrooms, three full baths, and two half baths, with expansive living spaces designed to capture the surrounding water vistas from virtually every room. Rich hardwood floors extend throughout, complementing the impressive 33' x 26' living room and an expansive 30' x 25' kitchen and breakfast area designed for both everyday living and entertaining. The kitchen is equipped with three sinks and two dishwashers, while a climate-controlled wine cellar provides dedicated storage for a curated collection.
The first-floor primary suite offers comfort and privacy, while a spacious office with custom built-ins provides an ideal setting for work or study. Upstairs, a private balcony delivers elevated panoramic water views.
Outdoor living is equally compelling, with a pool, outdoor kitchen, and multiple spaces for waterfront entertaining overlooking the water. The home is further enhanced by a two-car garage and numerous system updates, including a tile roof (2012), seawall (2019), dock (2019), water heater (2023), two HVAC systems (2022 and 2024), and pool pump (2024). Gas features include the stove, fireplace, furnace, and outdoor grill, supplied by an in-ground propane tank.
Importantly, the residence did not experience flooding during the hurricanes of 2024, offering an additional measure of confidence in the home's construction and position.
Located within walking distance of Belleair Beach, this property presents a rare opportunity to enjoy expansive waterfront living with convenient access to the shoreline, all within a quiet and private residential setting.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Listed by COASTAL PROPERTIES GROUP INTERNATIONAL | $2,300,000 | |
| Listed by COASTAL PROPERTIES GROUP INTERNATIONAL | |||
| Jul 29, 2024 | Sold | ||
| Sold | |||
| May 15, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017