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500 BELLE POINT DRIVE
About This Property
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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 |
|---|---|---|---|
| Jun 18, 2026 | Price Increased |
$3,500,000
↑ $200K
(6.1%) | |
| Price Increased | |||
| Jan 14, 2026 | Price Decreased |
$3,300,000
↓ $200K
(5.7%) | |
| Price Decreased | |||
| Oct 10, 2025 | Price Decreased |
$3,500,000
↓ $200K
(5.4%) | |
| Price Decreased | |||
| Sep 18, 2025 | Listed by COASTAL HOME ADVISORS RE | $3,700,000 | |
| Listed by COASTAL HOME ADVISORS RE | |||
| Aug 11, 2025 | Listed | $1,600,000 | |
| Listed | |||
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Create your own oasis with breathtaking expansive water views. This is your opportunity to design the ideal residence on an extraordinary parcel situated on the highly sought-after Belle Vista Island. Whether you envision a contemporary masterpiece or a charming coastal retreat, this parcel offers the perfect backdrop for your vision. In addition to deep water access, the backyard boasts magnificent views of the wide open Boca Ciega Bay, featuring an impressive 85 feet of water frontage. The lot offers stunning vistas of Tropicana Stadium, Tierra Verde, Gulfport, and a sweeping 180° panorama of the Bay and main channel. As part of this exclusive community, you’ll enjoy not only the natural beauty that surrounds you but also the convenience of nearby amenities. From fine dining to boutique shopping, everything you need is just a short drive away. Immerse yourself in this vibrant community, enjoy leisurely strolls along the shoreline, and take advantage of the close proximity to nearby beaches, including Pass-a-Grille, Treasure Island, and St. Pete Beach. This property represents a remarkable opportunity to build your dream home in a picturesque setting, serving as a blank canvas for your creative aspirations. A new seawall valued at $100,000 is included with the purchase. The owner, who is also a luxury custom home builder, is ready to assist you. Bring your plans or collaborate with the builder to design your perfect sanctuary.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017