2850 SPRING LAKE DRIVE
About This Property
Lakefront retreat tucked away on a quiet cul-de-sac! Discover your own corner of paradise with this beautifully maintained 3-bedroom, 2-bathroom home with an option for an In-law suite, perfectly positioned on a peaceful lake in Clearwater. Offering a rare combination of tranquility and space, this home is ideal for those who love nature and serene waterfront living. Step inside to find soaring ceilings in the main living area that create a bright, airy atmosphere. The spacious family room features a stately fireplace, perfect for cozy evenings and relaxing gatherings. Just off the living room, the large kitchen offers plenty of room for dining and effortless access to both the family room and laundry area, making daily living a breeze. The primary bedroom includes an en-suite bath, providing a private retreat, while two additional bedrooms are conveniently located near a second full bathroom off the main hall-ideal for family or guests. Enjoy the best of Florida living on the screened rear porch, where you can take in the lake views year-round. Step outside the enclosure and follow the short walkway to your private pier, the perfect spot to sip morning coffee, unwind at sunset, or simply enjoy the peaceful sounds of the water. Tucked away on a quiet cul-de-sac, yet conveniently located near shopping, dining, and Clearwater's award-winning beaches, this home truly offers the best of both worlds-a peaceful lakefront retreat in the heart of it all. Don't miss this rare opportunity to own a slice of Clearwater lakefront livinG.
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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 |
|---|---|---|---|
| Apr 15, 2026 | Sold | ||
| Sold | |||
| Mar 18, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Relisted | $360,000 | |
| Relisted | |||
| Feb 18, 2026 | In contract | - | |
| In contract | |||
| Jan 15, 2026 | Price Decreased |
$388,000
↓ $20K
(4.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017