421 ALAMANDA ROAD
About This Property
Designed with coastal sophistication and thoughtful attention to detail, the residence is surrounded by lush tropical landscaping and features a private heated pool and spa, plus an expansive rooftop deck offering sweeping views of the Gulf of Mexico and Tampa Bay-perfect for sunset gatherings or relaxing afternoons with family and friends.
Inside, the bright, open-concept floor plan boasts soaring ceilings, custom contemporary finishes, and a designer kitchen with sleek stainless-steel appliances, a striking island, and abundant space for entertaining. The main living area flows seamlessly onto a covered deck, inviting in the sea breeze and natural light. Two guest suites on the main level each include private baths, offering comfort and privacy for visiting family or vacation guests.
Upstairs, the serene primary suite opens to a private deck-ideal for peaceful mornings or quiet evenings-and includes a versatile sitting area or office space. The rooftop deck provides panoramic island views, perfect for taking in the vibrant coastal scenery and breathtaking sunsets.
Ideally located just a 2-minute walk to Tampa Bay and only 5 minutes from the pristine sands of Bean Point, this home blends tranquility, island beauty, and luxury living. Currently operating as a busy vacation rental, Luxe Island Escape represents a rare opportunity for full-time ownership, seasonal escape, or turnkey rental income.
Schedule your private showing today and start enjoying the Anna Maria Island lifestyle immediately.
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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%.
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 17, 2026 | Sold | ||
| Sold | |||
| Jan 27, 2026 | In contract | - | |
| In contract | |||
| Jan 10, 2026 | Price Decreased |
$3,195,000
↓ $304K
(8.7%) | |
| Price Decreased | |||
| Nov 12, 2025 | Price Decreased |
$3,499,000
↓ $351K
(9.1%) | |
| Price Decreased | |||
| May 23, 2025 | Listed by MICHAEL SAUNDERS & COMPANY | $3,850,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017