315 40TH AVENUE
About This Property
Step inside to a large open family room leading to an impressive kitchen featuring stainless steel appliances, custom wood cabinetry, and walk in pantry. With three expansive levels, the home provides room to spread out while maintaining an an elegant, airy feel. Each bedroom enjoys access to a full bathroom, and the upper-level bedrooms share a versatile common area perfect for relaxation or additional living space. Large balconies create seamless indoor-outdoor living and overlook the pool and landscaped backyard. The pool area is a showstopper, offering covered and open patio space. Storage and parking are plentiful with room for multiple vehicles, recreational equipment, and all the gear that comes with beachside living.
Crowning the home is a rooftop perch offering panoramic views of the bay, beaches, and breathtaking Florida sunrises and sunsets. Located in highly walkable St. Pete Beach-with quick access to dining, nightlife, the interstate, and both Tampa and St. Pete airports-you'll be minutes from everything while still feeling worlds away.
This is coastal living at its finest. Schedule your private showing today.
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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 20, 2026 | Sold | ||
| Sold | |||
| Mar 8, 2026 | In contract | - | |
| In contract | |||
| Feb 28, 2026 | Price Decreased |
$1,249,000
↓ $50K
(3.9%) | |
| Price Decreased | |||
| Feb 12, 2026 | Price Decreased |
$1,299,000
↓ $100K
(7.2%) | |
| Price Decreased | |||
| Jan 22, 2026 | Price Decreased |
$1,399,000
↓ $26K
(1.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017