226 BIMINI DRIVE
About This Property
Boating enthusiasts will appreciate the saltwater location with sailboat-deep water, direct access to Terra Ceia Bay, and no bridges to navigate. An 11,000-pound boat lift makes getting on the water effortless, while the waterfront setting is ideal for fishing, spotting manatees and native birds, or simply relaxing along the canal. The elevated rear patio provides the perfect vantage point to enjoy tranquil water views and Florida sunsets.
Whether you're looking for a seasonal retreat or a full-time residence, this home offers the ideal blend of comfort, convenience, and coastal living. Tropic Isles is a vibrant resident-owned community known for its friendly atmosphere, active social calendar, and exceptional waterfront lifestyle. Conveniently located just a short bike ride from Emerson Point Preserve and the Bradenton Yacht Club, you'll also enjoy Gulf beaches approximately 25 minutes away and quick access to I-275 and I-75 in about 15 minutes, making travel to St. Petersburg, Tampa, Sarasota, and beyond a breeze.
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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 |
|---|---|---|---|
| Nov 9, 2026 | In contract | - | |
| In contract | |||
| Oct 6, 2026 | Price Decreased |
$339,000
↓ $45K
(11.7%) | |
| Price Decreased | |||
| Aug 5, 2026 | Price Decreased |
$384,000
↓ $15K
(3.8%) | |
| Price Decreased | |||
| Jun 30, 2026 | Listed by EXP REALTY, LLC | $399,000 | |
| Listed by EXP REALTY, LLC | |||
| Feb 1, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017