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2348 MESSENGER CIRCLE
About This Property
This fully updated, move-in ready home features extensive upgrades throughout. Zoned for highly sought-after Safety Harbor Elementary and Safety Harbor Middle Fundamental School.
All kitchens and all bathrooms have been completely remodeled with modern finishes. Major improvements include a brand-new roof (December 2025) and two new A/C systems installed in February 2026.
Interior updates include fresh paint completed in December 2025, creating a clean and modern feel throughout. The backyard features low-maintenance artificial turf, providing a clean outdoor space with no dirt or mud tracking into the home.
A standout feature is the custom theater room, offering a true home entertainment experience. All theater room furniture is included with the sale.
Additional highlights:
• No flood insurance required
• Homeowners insurance approximately $3,600/year
• Well-maintained and truly move-in ready
• Convenient to downtown Safety Harbor, parks, dining, and waterfront amenities
A rare opportunity in a prime location
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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 5, 2026 | Price Decreased |
$1,074,999
↓ $25K
(2.3%) | |
| Price Decreased | |||
| Jul 31, 2026 | Price Decreased |
$1,099,999
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Jul 3, 2026 | Price Decreased |
$1,149,999
↓ $50K
(4.2%) | |
| Price Decreased | |||
| May 29, 2026 | Listed by CHARLES RUTENBERG REALTY INC | $1,199,999 | |
| Listed by CHARLES RUTENBERG REALTY INC | |||
| Feb 26, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017