506 3RD AVENUE SE
About This Property
Discover the perfect blend of privacy, space, and convenience with this exceptional waterfront property, nestled on just under 1.5 acres in a serene, sought-after location. This 4-bedroom, 2-bathroom home offers endless potential whether you're looking to restore its charm or build your dream residence from the ground up to take full advantage of the breathtaking views.
Set in a peaceful setting yet close to everything, this unique property is just minutes from top-rated schools, beautiful beaches, golf courses, and the vibrant shops and restaurants of downtown Gibsonton. Commuters will love the easy access,only 10 minutes to I-75 and a quick 25 minute drive to downtown Tampa.
Enjoy the best of both worlds: a tranquil retreat with all the conveniences of city living nearby.
Expansive waterfront lot
ideal for renovation or new construction,
sparkling outdoor pool area – see the video tour!
Roof was replaced in 2025,
Brand New $12,000. AC unit was just installed
Over $12,000. was invested to have the entire home remediated and cleared of any wood destroying organisms by the Florida Dept of Agriculture and Consumer Services and was also cleared by a Florida licensed structural engineer.
Explore every detail with the immersive 3D Matterport virtual tour
Don't miss this once-in-a-lifetime opportunity to own a slice of paradise. Schedule your private showing today!
The home owners are still living in the home and are in the process of moving
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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 |
|---|---|---|---|
| Jul 28, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Relisted | $429,999 | |
| Relisted | |||
| Apr 16, 2026 | In contract | - | |
| In contract | |||
| Apr 9, 2026 | Relisted | $430,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017