273 Rex PLACE #F
About This Property
Welcome to Madeira Beach Yacht Club across from the beautiful Gulf beaches. The waterfront complex has a clubhouse, fitness center with dry saunas, showers, billiards room, 2 heated pools, and 4 fishing piers. High speed WIFI, cable, water, grounds keeping, and building insurance are all included in the HOA monthly fee. Great permanent home, vacation home, or rental with a 7 day rental minimum. Rental projections up to 30k for weekly rentals. One small pet allowed for owners. This is a second floor unit with a view of the intercoastal from the extra long balcony. Enoy a brunch on the porch and take in the views. It has luxury vinyl flooring in the kitchen, hall and bath. Additional closing credit of $2,000 towards flooring is included. Washer, dryer, dishwasher, newer water heater and brand new AC add to your enjoyment. Walk in closet in bedroom. Right near by is a Grocery, Drugstore, and restaurants galore. Walk to dinner, and then catch a gorgeous sunset on the beach. Everything you will need is right there. Located across the street from the Gulf of Mexico and a brand new award winning recreation center with tennis courts, baseball fields, library and also plenty of food and shopping. New Cambria hotel just opened with rooftop restaurant. Just a few steps to everything. Start living your Florida dream today!
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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 |
|---|---|---|---|
| Mar 8, 2024 | Sold | ||
| Sold | |||
| Jan 28, 2024 | In contract | - | |
| In contract | |||
| Jan 4, 2024 | Price Decreased |
$375,000
↓ $24K
(6%) | |
| Price Decreased | |||
| Oct 26, 2023 | Price Decreased |
$399,000
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Sep 14, 2023 | Listed by CHARLES RUTENBERG REALTY INC | $419,000 | |
| Listed by CHARLES RUTENBERG REALTY INC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/17/2026
|
1 Bed
|
1 Bath
|
665 ft²
|
$325,000
1 Bed
1 Bath
665 ft²
|
$260,000
-20.00%
07/01/2026
|
Jessica McKinney
FLORIDA REALTY EXCHANGE LLC
| |
|
08/26/2025
|
1 Bed
|
1 Bath
|
665 ft²
|
$349,900
1 Bed
1 Bath
665 ft²
|
$200,000
-42.84%
03/27/2026
|
Debbie Kempf
CENTURY 21 RE CHAMPIONS
| |
|
09/14/2023
|
1 Bed
|
1 Bath
|
665 ft²
|
$419,000
1 Bed
1 Bath
665 ft²
|
$350,000
-16.47%
03/08/2024
|
Pat Pearlman
CHARLES RUTENBERG REALTY INC
| |
|
05/01/2023
|
1 Bed
|
1 Bath
|
665 ft²
|
$485,000
1 Bed
1 Bath
665 ft²
|
$485,000
06/13/2023
|
Beth Silverman
EXP REALTY LLC
| |
|
11/19/2022
|
1 Bed
|
1 Bath
|
665 ft²
|
$479,000
1 Bed
1 Bath
665 ft²
|
-
-
|
Ryan Delk
DALTON WADE, INC.
| |
|
04/11/2022
|
1 Bed
|
1 Bath
|
665 ft²
|
$439,900
1 Bed
1 Bath
665 ft²
|
-
-
|
Joyce Drew
CHARLES RUTENBERG REALTY INC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017