240 Timberlane DRIVE
About This Property
Situated on a large corner double lot, there's ample space for outdoor activities and projects-perfect for boat and RV storage or even adding a pool. The backyard features a charming she-shed and a shuffleboard court for endless entertainment.
Step through double doors into the foyer, where you'll find the heart of the home-the kitchen, a chef's delight. It boasts a large breakfast bar, double ovens, endless cabinets, and a walk-in pantry. The dinette area is made cozy with a fireplace, creating a warm ambiance. The open layout ensures you stay connected with family and guests while entertaining.
The master suite is a true retreat, complete with a walk-in closet and an en suite bathroom. The other two bedrooms are spacious and share a beautifully updated bathroom. Large windows throughout the home fill the space with natural light, while the bamboo floors and plantation shutters add elegance and charm.
Located in the highly desirable Baywood Village Community, this property offers fantastic amenities including a playground, a large clubhouse for events, and the ability to use golf carts around the neighborhood. Notably, this house did not experience any water intrusion during recent hurricanes.
The HOA is optional, with an annual fee of just $60. This prime location places you minutes from downtown Palm Harbor, the Tarpon Springs Sponge Docks, Fred Howard Park, a local golf course, and the Pinellas biking trail.
Baywood Village also hosts fun community events like golf cart parades, chili cook-offs, and fishing tournaments. Enjoy the Florida lifestyle you've always dreamed of in this non-deed-restricted neighborhood-bring your golf cart or RV! With no leasing restrictions, it's ideal for a primary residence, vacation home, or investment property such as Airbnb or VRBO.
The community shuffleboard court is soon to be replaced with a multi-sport/pickleball court. Plus, you're just a short drive from top beaches and parks like Fred Howard Park Beach, Sunset Beach, Honeymoon Island, Wall Springs Park, The Pinellas Trail, and Innisbrook Golf Resort.
Don't miss the chance to own this immaculate, move-in-ready block construction home in a vibrant, friendly community. Paradise found!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017