1
Map
$394,000
●
Condo -
Off Market
337 REX PLACE #B
MADEIRA BEACH, FL 33708
2 Beds
2 Baths
1,090 Ft²
$2,556
Est. Monthly
5.10%
Cap Rate
About This Property
RARE OPPORTUNITY TO OWN A 2 BEDROOM 2 BATHROOM GROUND FLOOR CONDO
WITH DEEDED BOAT SLIP ON THE POOL IN MADEIRA BEACH YACHT CLUB! Just
totally remodeled with everything new. Madeira Beach Yacht
Club offers 7 DAY RENTALS. Enjoy the 2 large enclosed porches.
Madeira Beach Yacht Club is a gated waterfront community located
walking distance from parks, a world-class beach, grocery and
convenience stores, as well as restaurants, bars, and shopping! The
community has a clubhouse with 2 heated pools, 4 fishing piers, and
more. ROC Park sits just across the parking lot and is home to
tennis courts, basketball courts, pickle ball, splash pad,
playground and amphitheater for concerts and festivals year-round.
You MUST SEE this beautifully appointed ground floor unit, just
steps from the main pool and clubhouse. You'll enjoy cooking in the
gourmet kitchen, preparing meals to serve in the adjacent dining
area or kitchen bar seating area, and relaxing in the spacious
living room and screened-in Florida room. A laundry room inside the
unit, walk-in closets, and two large bedrooms provide all the
convenience you and your guests need for a stress-free stay in
Florida beach life paradise.
Unit Size
1,090 Ft²
Days on Market
91 days
Land Size
9.68 acres
Price per sqft
$403
Property Type
Condo
Property Taxes
$400
HOA Dues
-
Year Built
1973
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Cap Rate Calculator
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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: 4 months ago (Stellar MLS #TB8479416)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 12, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Listed by CENTURY 21 EXECUTIVE TEAM | $439,000 | |
| Listed by CENTURY 21 EXECUTIVE TEAM | |||
| Mar 6, 2025 | Listed | $479,000 | |
| Listed | |||
| | |||
|
CONDO WITH DEEDED BOAT SLIP #72 INVESTMENT PROPERTY COMMUMNITY PASSED MILESTONE INSPECTION. Permits have been issued and reconstructions has started. Price will increase as the rebuild happens. This condo was flooded during hurricane Helene. It is ready for remodel. Madeira Beach Yacht Club offers 7 DAY RENTALS! This 2 bedroom 2 bathroom is 1090 sq.ft. The 2 large porches give you lots of outdoor living. Very few units have boatslip very close to the condo. Truly an island life paradise location in the heart of Madeira Beach. HOA fee includes high speed internet, 300 cable channels, 2 cable boxes, sewer and water, trash, maintenance, building and flood insurance, onsite manager, grounds keeping, gym, saunas, hot tub and 2 heated pools! Right across from ROC Park with baseball field, tennis courts, basketball courts, splash pad, playground, ampitheather, and community center. This gated community has 4 fishing piers.
| |||
Property Highlights
Parking Available
Air Conditioning
Interior Details
Full Bathrooms: 2
Interior Features: Open Floorplan, Walk-In Closet(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat
Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Flooring Type: Luxury Vinyl
Door Features: Sliding Doors
Laundry Features: Inside
Rooms: 5
Exterior Details
Has Property Attached
Square Footage: 1090
Square Footage Source: $0
Year Built: 1973
Building Area Total: 1090
Levels: One
Building Area Units: Square Feet
Construction Materials: Block, Stucco
Pool Features: Gunite, Heated, In Ground, Lighting, Outside Bath Access
Lot Size Area: 9.6768
Lot Size Units: Acres
Lot Size Acres: 9.68
Lot Size Square Feet: 421520
Tax Lot: 337
Water Source: See Remarks
Financial Details
Tax Annual Amount: $4,804
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central
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, Fidelity Bond, Maintenance Repairs, Manager, Pool Maintenance, Private Road
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 |
|---|---|---|---|---|---|---|---|
|
03/13/2026
|
2 Bed
|
2 Bath
|
1090 ft²
|
$439,000
2 Bed
2 Bath
1090 ft²
|
$394,000
-10.25%
06/12/2026
|
Chris Remmert
CENTURY 21 EXECUTIVE TEAM
| |
|
07/20/2022
|
2 Bed
|
2 Bath
|
1040 ft²
|
$509,000
2 Bed
2 Bath
1040 ft²
|
$500,000
-1.77%
08/04/2022
|
Chris Remmert
CENTURY 21 EXECUTIVE TEAM
| |
|
08/03/2020
|
2 Bed
|
2 Bath
|
1090 ft²
|
$375,000
2 Bed
2 Bath
1090 ft²
|
$365,000
-2.67%
09/23/2020
|
Amanda Baldwin
COASTAL PROPERTIES GROUP
|
Building Info
About Madeira Beach
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Listed by: Chris Remmert
CENTURY 21 EXECUTIVE TEAM
Last Updated: 4 months ago
Data Source: Stellar MLS, MLS# TB8479416
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.
CENTURY 21 EXECUTIVE TEAM
Last Updated: 4 months ago
Data Source: Stellar MLS, MLS# TB8479416
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