3528 W SHELL POINT ROAD
About This Property
The home sustained hurricane damage, but the upper level remains livable while the lower level offers the opportunity for renovation and restoration. The existing dock is also in place and has the potential to be repaired, adding even more value to this exceptional property.
The photos provided showcase what this home looked like prior to the hurricane and offer a glimpse into the property's incredible potential. Whether you're an investor, builder, or visionary buyer looking to create something truly special, opportunities like this are few and far between.
Renovate. Reimagine. Rebuild. But no matter what you choose, it's the view that is truly priceless.
Sold as-is. Cash or renovation financing preferred. Don't miss your chance to own a piece of Tampa Bay waterfront paradise.
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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 |
|---|---|---|---|
| Aug 6, 2026 | Sold | ||
| Sold | |||
| Jul 31, 2026 | In contract | - | |
| In contract | |||
| Jul 17, 2026 | Price Decreased |
$599,000
↓ $51K
(7.9%) | |
| Price Decreased | |||
| Jul 15, 2026 | Price Decreased |
$650,000
↓ $85K
(11.6%) | |
| Price Decreased | |||
| Jun 23, 2026 | Listed by ELEVE REAL ESTATE LLC | $735,000 | |
| Listed by ELEVE REAL ESTATE LLC | |||
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About Ruskin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017