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485 FLAMINGO DRIVE
About This Property
Inside, a bright, open floor plan welcomes you with natural light, spacious living areas, and effortless indoor-outdoor flow. Tile flooring runs throughout the entire home, creating a cohesive, low-maintenance foundation for the light-filled living and dining spaces, while the well-appointed kitchen opens directly to the main gathering areas-ideal for entertaining or simply enjoying everyday life by the water.
This home has been thoughtfully updated over the last six years for lasting peace of mind, including a metal roof, new electrical panels and wiring, hurricane impact windows and sliding doors, and hurricane shutters for added storm protection. An enclosed lanai extends the living space, offering a comfortable spot to take in the Florida breeze year-round.
Outside is where this property truly shines. A beautifully landscaped, private waterfront oasis with lush grass and mature palms sets the scene, while a 2-car attached garage plus a covered carport and a second reinforced pad give boaters and RV owners all the space they need. The seawall has been rebuilt and raised above standard height, and the dock has been redone with durable, low-maintenance composite wood-giving you a turnkey launch point for a day on Tampa Bay or a front-row seat to spectacular Florida sunsets.
Just minutes from shopping, dining, parks, marinas, and major commuter routes, this home offers the best of both worlds: the calm of protected waterfront living with quick, convenient access to everything Apollo Beach has to offer. Move-in ready and backed by major recent updates, this is a rare opportunity to own a true boater's paradise-homes with this combination of canal frontage, storm-hardened updates, and no HOA don't come around often.
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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%.
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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.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017