247 Rex PLACE #B
About This Property
This gem of a unit is fully renovated with designer touches and comes with rental history and wonderful reviews. Madeira Beach
Yacht Club is a gated waterfront community located walking distance from parks, a world-class beach, grocery and convenience
stores, as well as restaurants, bars, and shopping! 7-Day minimum rentals are allowed in the community that boasts a clubhouse with
workout facilities, pools, hot tub and sauna, pool tables, 4 fishing piers, and more. ROC Park sits just across the parking lot and is
home to tennis courts, basketball courts, and concerts and festivals year-round. You MUST SEE this beautifully appointed ground
floor unit, just steps from the main pool and clubhouse. You'll enjoy cooking in the gourmet kitchen, preparing meals to serve in the
adjacent dining area or kitchen bar seating area, and relaxing in the spacious living room and screened-in Florida room. A laundry
room inside the unit, walk-in closets, and two large bedrooms provide all the convenience you and your guests need for a stress-free
stay in Florida beach life paradise.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 12, 2023 | Sold | ||
| Sold | |||
| Dec 2, 2022 | Listed by ENGEL & VOLKERS ST. PETE | $659,000 | |
| Listed by ENGEL & VOLKERS ST. PETE | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/27/2026
|
2 Bed
|
1 Bath
|
1040 ft²
|
$372,000
2 Bed
1 Bath
1040 ft²
|
$362,000
-2.69%
07/09/2026
|
Michelle Menzione Garcia PA
RE/MAX Direct
| |
|
04/11/2023
|
2 Bed
|
1.5 Bath
|
1040 ft²
|
$535,000
2 Bed
1.5 Bath
1040 ft²
|
-
-
|
Kylyn Collins
WATERFRONT REALTY TAMPABAY
| |
|
12/02/2022
|
2 Bed
|
2 Bath
|
1090 ft²
|
$659,000
2 Bed
2 Bath
1090 ft²
|
$585,000
-11.23%
01/12/2023
|
John Erik Savitsky
ENGEL & VOLKERS ST. PETE
| |
|
01/08/2022
|
2 Bed
|
2 Bath
|
1040 ft²
|
$459,000
2 Bed
2 Bath
1040 ft²
|
-
-
|
Valerie Acree
RE/MAX METRO
| |
|
07/08/2017
| |
2 Bed
|
1.5 Bath
|
1040 ft²
|
-
2 Bed
1.5 Bath
1040 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017