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4831 BLUE JAY CIRCLE
About This Property
Thoughtfully renovated from top to bottom, this move-in-ready home features a stunning modern kitchen with new soft-close cabinetry, quartz countertops, a large center island, and stainless steel appliances. The bathrooms have been completely remodeled, and durable tile flooring extends throughout the home. A spacious laundry room provides added convenience, while the fully fenced backyard is designed for enjoying the Florida lifestyle with a sparkling private pool and screened lanai, creating the perfect space for relaxing, entertaining, or spending time with family and friends.
This home is high and dry, has never flooded, and is not located in a flood zone, offering added peace of mind. Ideally located just minutes from the famous Tarpon Springs Sponge Docks, local restaurants, the Pinellas Trail, several championship golf courses, and four beautiful Gulf beaches, this exceptional property also comes with the added benefit of no HOA fees. Don't miss this rare opportunity to enjoy coastal living, boating, and resort-style outdoor amenities in one of Palm Harbor's most sought-after communities.
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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 |
|---|---|---|---|
| Sep 9, 2026 | Price Decreased |
$575,000
↓ $24K
(4%) | |
| Price Decreased | |||
| Jul 8, 2026 | Listed by COLDWELL BANKER REALTY | $599,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| May 21, 2026 | Price Decreased |
$599,900
↓ $50K
(7.7%) | |
| Price Decreased | |||
| Apr 2, 2026 | Price Decreased |
$649,900
↓ $50K
(7.1%) | |
| Price Decreased | |||
| Feb 22, 2026 | Price Decreased |
$699,900
↓ $50K
(6.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017