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231 LAGOON DRIVE
About This Property
This exceptional homesite is cleared and leveled, offering a rare opportunity to fast-track your build in a location where waterfront and water-access properties are increasingly hard to find. With access to Brooker Creek and the Gulf of America, this property delivers the best of Florida coastal living, whether you're heading out by boat or simply soaking up the water views and natural surroundings.
An added advantage: Pinellas County has future plans to increase the clearance of the Shore Drive bridge, which is expected to allow for larger vessels to pass, further enhancing the long-term boating appeal of this location.
The main lot offers approximately 116 feet of depth by 82 feet of width (9,512 sq ft), with an additional 1,848 sq ft parcel located along the water on the east side of Lagoon Dr, bringing the total to approximately 11,360 sq ft. This unique configuration provides flexibility for design, outdoor living, and maximizing your waterfront experience.
Location is everything, and Ozona delivers. Known for its golf cart-friendly lifestyle and tight-knit coastal charm, this community offers easy access to local marinas, waterfront dining, and some of the area's most beloved restaurants and gathering spots. Spend your days on the water, your evenings catching sunsets on a golf cart ride, and your weekends enjoying nearby amenities like the Sunderman Sports Complex and the scenic Pinellas Trail.
The property is also conveniently located near Ozona Elementary and Palm Harbor University High School, making it an easy everyday lifestyle choice.
Opportunities like this, cleared, build-ready land with water access, Gulf connectivity, and future upside are incredibly rare in Ozona.
Don't just live... live coastal.
Survey and soil test available.
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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 |
|---|---|---|---|
| Sep 9, 2026 | Price Decreased |
$500,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jun 15, 2026 | Price Decreased |
$509,900
↓ $39K
(7.1%) | |
| Price Decreased | |||
| Apr 24, 2026 | Price Decreased |
$549,000
↓ $51K
(8.5%) | |
| Price Decreased | |||
| Mar 27, 2026 | Listed by CANCELLI COASTAL REALTY | $600,000 | |
| Listed by CANCELLI COASTAL REALTY | |||
| Nov 15, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017