4877 MERLIN CIRCLE
About This Property
NO HOA and NO CDD! Great mid-century modern house just waiting to be brought back to its
former glory. This property sits on almost an acre of private, secluded land, offering a true hidden
oasis with no restrictive community rules. River and Trail access. All appliances are included:
Dishwasher, Range, Refrigerator, Washer, and Dryer. Enjoy peace of mind with extensive updates
since 2022, including a New AC, New Water Heater, New Hurricane Windows, and newly installed
laminate and tile floors. Also a new well water pump. This home has a newer Metal roof. The
Primary Bedroom has also been beautifully updated. All of this and custom fitted remote controlled
electric blinds. The main house features 3 bedrooms and 2 bathrooms, with both a
living room and a cozy family room featuring a fireplace. Just outside the door is a large, convenient
laundry and storage area. The possibilities are vast: The property includes a huge 3-car carport with
a separate small apartment above it, perfect for guests, income, or a home office. The well has its
own private building. Additionally, there is a massive 792 square foot workshop with electricity with endless
potential uses, and a substantial outbuilding previously used for exotic birds, which could be
repurposed for raising chickens or rabbits or storing all your vehicles and toys. This compound
offers so many possibilities and must be seen to be appreciated. Located minutes from Dade City's
historic downtown, the Giraffe Ranch, and the Pioneer Florida Museum. Hurry and schedule your
private tour today.
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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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Mar 20, 2026 | In contract | - | |
| In contract | |||
| Feb 15, 2026 | Price Decreased |
$314,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Jan 2, 2026 | Price Decreased |
$324,000
↓ $26K
(7.4%) | |
| Price Decreased | |||
| Nov 21, 2025 | Listed by KELLER WILLIAMS REALTY- PALM H | $350,000 | |
| Listed by KELLER WILLIAMS REALTY- PALM H | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Ridge Manor
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$2,000 /mo
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$1,850 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017