31865 BLUE PASSING LOOP
About This Property
Upstairs, the spacious primary suite includes a walk-in closet and a private bath. Bedrooms 2 and 3 are connected by a convenient Jack & Jill bathroom, creating the perfect setup for family, guests, or a functional home office layout. A second-floor laundry room adds even more convenience. The upstairs even has a loft for extra room to hang out and relax.
Located within the nation's first Crystal Lagoon® community, residents enjoy access to a 7-acre lagoon with sandy beaches, cabanas, water activities, live events, and high-speed internet. Golf-cart friendly and close to top-rated schools, shopping, dining, and I-75-this home offers both comfort and an unmatched resort-style lifestyle in the heart of Wesley Chapel.
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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%.
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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 |
|---|---|---|---|
| Feb 6, 2026 | Sold | ||
| Sold | |||
| Jan 11, 2026 | In contract | - | |
| In contract | |||
| Jan 9, 2026 | Price Decreased |
$299,900
↓ $13K
(4%) | |
| Price Decreased | |||
| Dec 20, 2025 | Price Decreased |
$312,500
↓ $3K
(0.8%) | |
| Price Decreased | |||
| Dec 8, 2025 | Listed by POWER REAL ESTATE GROUP LLC | $315,000 | |
| Listed by POWER REAL ESTATE GROUP LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/08/2025
| |
3 Bed
|
2 Bath
|
1807 ft²
|
$315,000
3 Bed
2 Bath
1807 ft²
|
$285,000
-9.52%
02/06/2026
|
Melissa C Williams
Lyons Housing Corp
|
Building Info
About Wesley Chapel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017