$200,000
●
Condo -
Off Market
273 REX PLACE #H
MADEIRA BEACH, FL 33708
1 Bed
1 Bath
665 Ft²
$2,006
Est. Monthly
$720
HOA / Fees
5.06%
Cap Rate
About This Property
Discover the perfect vacation retreat or investment opportunity in
this charming 1-bedroom, 1-bath condo located in a vibrant
waterfront community just a 5-minute stroll from the sandy shores
of Madeira Beach. Enjoy scenic walks along the Intracoastal
Waterway and easy access to restaurants, nightlife, groceries, and
shopping. Community amenities include two heated pools, clubhouse,
exercise room, hot tub, sauna, billiard room, and four fishing
piers with cleaning stations, water, and electric. Situated across
from ROC Park and sold as is, this unit remained untouched by
Hurricanes Helene and Milton-making it a secure and serene coastal
gem. Seller motivated.
Unit Size
665 Ft²
Days on Market
212 days
Land Size
9.00 acres
Price per sqft
$376
Property Type
Condo
Property Taxes
$58
HOA Dues
$720
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 7 months ago (Stellar MLS #TB8421622)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Jan 21, 2026 | In contract | - | |
| In contract | |||
| Jan 6, 2026 | Price Decreased |
$250,000
↓ $75K
(23.1%) | |
| Price Decreased | |||
| Nov 5, 2025 | Price Decreased |
$325,000
↓ $25K
(7.1%) | |
| Price Decreased | |||
| Aug 26, 2025 | Listed by RE/MAX REALTY UNLIMITED | $349,900 | |
| Listed by RE/MAX REALTY UNLIMITED | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Open
Interior Details
Full Bathrooms: 1
Interior Features: Built-in Features, Ceiling Fan(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat, Window Treatments
Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Flooring Type: Laminate
Door Features: Sliding Doors
Laundry Features: Laundry Closet
Rooms: 7
Exterior Details
Has Property Attached
Square Footage: 665
Square Footage Source: $0
Property Condition: Completed
Year Built: 1973
Waterfront Features: Canal Front, Waterfront
Waterbody Name: INTRACOASTAL
Building Area Total: 665
Levels: One
Building Area Units: Square Feet
Construction Materials: Concrete, Stucco
Patio and Porch Features: Covered, Enclosed, Screened
Lot Features: Sidewalk, Street One Way
Lot Size Area: 9.6619
Lot Size Units: Acres
Lot Size Acres: 9
Lot Size Square Feet: 420873
Tax Lot: 0080
Water Source: Public
Financial Details
Tax Annual Amount: $700
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Maintenance Grounds, Insurance, Internet, Maintenance Structure, Sewer, Trash, Water, Community Pool, Escrow Reserves Fund, Manager, Pool Maintenance, Recreational Facilities
HOA Fee: $720
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
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
About Madeira Beach
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Listed by: Debbie Kempf
RE/MAX REALTY UNLIMITED
Last Updated: 7 months ago
Data Source: Stellar MLS, MLS# TB8421622
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
RE/MAX REALTY UNLIMITED
Last Updated: 7 months ago
Data Source: Stellar MLS, MLS# TB8421622
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