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2605 RED FERN DRIVE
About This Property
The open kitchen, family room, and breakfast nook provide a welcoming gathering space, with the kitchen featuring granite countertops, a breakfast bar, 42-inch staggered wood cabinetry with crown molding, and a stylish, functional layout. Formal living and dining areas add versatility for entertaining, while classic ceramic tile extends throughout the entire lower level. A spacious downstairs bedroom suite offers flexibility for guests, family members, or a private retreat.
Upstairs, the generous primary suite features a spacious bathroom and an impressive approximately 119-SQUARE-FOOT WALK-IN CLOSET offering abundant storage. Three additional bedrooms, with 3 full bathrooms, and a conveniently located laundry room complete the second level.
French doors open to the lanai and a beautifully designed private backyard ideal for entertaining and outdoor enjoyment. The inviting pool features a PebbleTec-style surface, stone-paver decking, and a child safety fence for added peace of mind. The outdoor kitchen is equipped with a sink and cabinetry, while a nearby firepit creates the perfect setting for relaxing evenings and gatherings with family and friends. A vinyl privacy fence surrounds the backyard, enhancing the secluded feel of this outdoor oasis.
Ideally situated in Fern Grove, this home is just minutes from I-4, I-75, the Selmon Expressway, MacDill AFB, shopping, dining, entertainment, hospitals, beaches, theme parks, and everything the Tampa Bay area has to offer.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 10, 2026 | Price Decreased |
$598,900
↓ $16K
(2.6%) | |
| Price Decreased | |||
| Oct 28, 2026 | Price Decreased |
$614,900
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Oct 15, 2026 | Price Decreased |
$624,900
↓ $14K
(2.2%) | |
| Price Decreased | |||
| Sep 21, 2026 | Price Decreased |
$639,000
↓ $11K
(1.7%) | |
| Price Decreased | |||
| Aug 19, 2026 | Listed by EXP REALTY, LLC | $650,000 | |
| Listed by EXP REALTY, LLC | |||
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About East County Civic Group
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017