2480 Bayshore Drive
About This Property
After a hard day of fishing retreat to the massive master suite, while guests enjoy the privacy of the split-bedroom layout, with their own sliding glass door to the lanai. The large backyard features a fire pit and unparalleled views of the water, where you can watch as dolphins and manatees play just feet from your seawall.
Built in 1990, this home has NEVER FLOODED thanks to the ELEVATED LOT at 7.9 feet high (elevation certificate available in MLS). Offering maximum protection via a METAL ROOF, IMPACT WINDOWS AND 3 IMPACT RATED DOORS, the property provides significant insurance premium savings and lower cooling costs.
Take a short walk to local art galleries, the coffee shop, seafood restaurants, and the community park from this cul-de-sac with amazing views. This "piece of paradise" is a rare opportunity to own a move-in-ready, storm-resilient home in one of Florida's most beloved coastal communities.
We have all the reports, the survey, the home layout, just ask. The seller has no intention of letting this listing sit on the market. If this is the one for you make your move. Schedule your private showing in person or by video call today!
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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 |
|---|---|---|---|
| May 6, 2026 | Sold | ||
| Sold | |||
| Apr 9, 2026 | In contract | - | |
| In contract | |||
| Apr 2, 2026 | Price Decreased |
$624,500
↓ $41K
(6.1%) | |
| Price Decreased | |||
| Mar 16, 2026 | Relisted | $665,000 | |
| Relisted | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017