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509 55TH AVENUE
About This Property
The bright, open-concept interior features hurricane-rated windows and doors, contemporary European-inspired finishes, multiple living and entertaining spaces, and a thoughtfully designed split-bedroom floor plan. The spacious primary suite is a private retreat, complete with peaceful bay-window views, a comfortable sitting area, and a spa-inspired en-suite bath featuring travertine tile, dual vanities, and a walk-in shower.
At the heart of the home is a stunning custom chef's kitchen designed for both everyday living and memorable gatherings. Highlights include high-end stainless steel appliances, sleek contemporary cabinetry, a wine cooler, warming drawer, walk-in pantry, and generous space for entertaining family and friends.
French doors open to a private tropical waterfront oasis, where a large swimming pool, expansive covered patio, dry bar, outdoor refrigerator, and designer furnishings create the perfect setting for year-round relaxation and entertaining. Wide water views and spectacular sunsets provide a breathtaking backdrop to the relaxed Florida lifestyle.
Boating enthusiasts will appreciate the brand-new dock completed in 2025 and the 10,000-pound boat lift, offering direct access to the Intracoastal Waterway and the Gulf of Mexico. From sunset cruises and waterfront dining to unforgettable days on the water, this location makes coastal living effortless.
Additional improvements include a durable metal roof installed in 2019, 2025- 2 unit newer air-conditioning system, a spacious indoor laundry room, and abundant areas for gathering, relaxing, and entertaining.
Located on a quiet, low-traffic street just minutes from the beach, local restaurants, and vibrant downtown St. Petersburg, this turnkey residence is perfectly suited as a primary home, luxury vacation retreat, or waterfront escape. Simply arrive, unpack, and begin enjoying the very best of St. Pete Beach living.
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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 |
|---|---|---|---|
| Sep 30, 2026 | Sold | ||
| Sold | |||
| Aug 17, 2026 | In contract | - | |
| In contract | |||
| Jun 6, 2026 | Price Decreased |
$2,050,000
↓ $25K
(1.2%) | |
| Price Decreased | |||
| Mar 18, 2026 | Price Decreased |
$2,075,000
↓ $25K
(1.2%) | |
| Price Decreased | |||
| Oct 29, 2025 | Price Decreased |
$2,100,000
↓ $150K
(6.7%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017