512 Driftwood CIRCLE
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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 |
|---|---|---|---|
| Jul 1, 2025 | Listed | $4,750,000 | |
| Listed | |||
| | |||
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Prime Waterfront Land in Baywood Village – A Rare Investment Opportunity! Seize control of this commanding .85 acre waterfront parcel in the exclusive Baywood Village of Palm Harbor. This is not just land—it’s a gateway to unmatched coastal living with direct, deep-water access to the Gulf of Mexico, perfect for large boats and sailboats. Located at 512 Driftwood Circle, this parcel can be yours as a single grand estate, split into two substantial lots, or divided into four distinct sites. With its prime west-facing orientation, this home site offers stunning sunset views that transform the sky into a masterpiece each evening. Marine life—dolphins, manatees, snook and tarpon—thrives in the waters just off your shore. Positioned at the end of a quiet cul-de-sac, this parcel ensures privacy and prestige in one of Baywood Village’s most elite spots. Palm Harbor, Florida, is a vibrant coastal community known for its scenic Gulf of Mexico waterfront, top-rated schools, and charming downtown with easy access to Tampa and Saint Petersburg's urban amenities. Its blend of natural beauty, recreational opportunities, and upscale living makes it a premier destination for home buyers. Priced at $4,750,000 for the full .85 acres, this is a rare chance to claim a legacy property. Build one grand estate, develop multiple homes, or hold as a high-value investment. Act now—opportunities this bold don’t last. Contact us for details. Buyer to verify all measurements and conduct due diligence. Information deemed reliable but not guaranteed.
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| May 18, 2023 | Sold | ||
| Sold | |||
| Feb 5, 2023 | No longer available | - | |
| No longer available | |||
| Jan 26, 2023 | Price Decreased |
$1,500,000
↓ $400K
(21.1%) | |
| Price Decreased | |||
| Jan 14, 2023 | Price Decreased |
$1,900,000
↓ $1M
(43.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017