342 12th AVENUE
About This Property
Inside, it features an open kitchen and living area complete with stainless steel appliances and beautiful granite countertops. The elegant primary suite offers a private retreat with an oversized closet, a spacious en-suite bathroom that includes an enclosed laundry area and direct access to the lanai and outdoor living space. The two additional bedrooms provide comfortable living space for family or guests and share a second bathroom, complete with a newly updated vanity and blue coastal tile floor.
Step outside to your expansive Florida entertainment area, which includes a covered screened lanai with a wet bar that extends to a spacious patio with a newly screened bird cage style enclosure, complete with electric and a grill gazebo. Perfect for hosting your beach guests in a lush tropical setting.
This home also includes a spacious carport offering ample covered parking spaces for your car and/or golf cart with extra storage provided in the large shed for all your beach essentials. In addition, New hot water heater 2024.
This home is situated in a unique area of this friendly beach community, where beautiful homes and scenic surroundings create an inviting atmosphere for neighbors to enjoy walking and socializing nightly around the local loop. Additionally, residents have exclusive access to a community boat ramp, making boating easy and convenient. This highly sought-after community allows weekly rentals, making it an ideal choice for a beach residence, vacation home or investment property. Indian rocks beach (IRB) offers that quaint small-town beach charm with convenient access to our stunning gulf coast beaches, local restaurants, and local parks offering pickleball, basketball, baseball, tennis, playgrounds, and a skate park. Experience the best of coastal living with this charming property, ideal for both relaxation and entertainment. This is a fantastic opportunity to own your IRB beach home!
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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 |
|---|---|---|---|
| Feb 21, 2025 | Sold | ||
| Sold | |||
| Aug 22, 2024 | In contract | - | |
| In contract | |||
| Jul 21, 2024 | Listed by COLDWELL BANKER REALTY | $799,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| Oct 18, 2022 | Sold | ||
| Sold | |||
| Aug 10, 2022 | Listed by COLDWELL BANKER REALTY | $769,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017