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2804 PALAMORE DRIVE
About This Property
The home features a highly desirable first-floor primary suite with a spacious walk-in closet and oversized bath, while the main living areas are designed to flow naturally for both entertaining and daily life. Formal living and dining spaces complement the open kitchen and family room, anchored by a wood-burning fireplace and abundant natural light throughout.
Large sliding doors open to an expansive screened lanai overlooking peaceful conservation views, creating seamless indoor-outdoor living year-round.
Upstairs, three generously sized guest bedrooms - including one en-suite - surround a flexible loft space ideal for a home office, media room, fitness area, or secondary lounge.
Major recent improvements include hurricane impact windows and doors, along with a brand-new roof currently being completed for the next owner's peace of mind.
Located just minutes from shopping, dining, parks, and major commuter routes, this home presents an exceptional opportunity in a well-established and highly convenient Tampa location.
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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 |
|---|---|---|---|
| Jun 22, 2026 | Sold | ||
| Sold | |||
| May 26, 2026 | In contract | - | |
| In contract | |||
| May 8, 2026 | Listed by COLDWELL BANKER REALTY | $540,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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About Lutz
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017