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5227 SUWANNEE ROAD
About This Property
The primary suite is exceptionally spacious and includes a walk-in closet along with an updated en-suite bathroom featuring dual sinks, refaced vanity cabinetry, a retiled walk-in shower, and updated toilet. The guest bathroom has also been updated with a refaced vanity and updated toilet while conveniently doubling as a pool bath with direct access to the outdoor living space. Two additional bedrooms both featuring walk-in closets provide flexibility for family, guests, or a home office setup.
Step outside and the home truly comes to life. The massive screened lanai and saltwater pool create the perfect setting for entertaining, relaxing, or simply enjoying the Florida lifestyle year-round. Expansive outdoor living spaces and the custom fire pit area create an inviting backyard atmosphere that feels designed for gathering with friends and family. Whether it's hosting pool parties, enjoying backyard barbecues, or unwinding under the stars after a long day, this property captures the Florida lifestyle exceptionally well. There is still plenty of yard space beyond the screened enclosure for pets, play, gardening, or simply enjoying the extra elbow room that comes with a half-acre lot. The irrigation system extends around the entire property and is supplied by a dedicated well, helping maintain the beautifully landscaped setting year-round.
Additional highlights include major updates already completed for peace of mind, including a 2022 roof, 2025 HVAC system, 2024 water heater, and 2023 windows. The oversized garage features added cabinetry and storage space, keypad entry, and stair access to attic storage for even more functionality and convenience. The exceptionally spacious laundry room is complete with a huge utility sink along with additional cabinets and storage space.
Mature landscaping and the private setting only add to the overall appeal. Located in an established community with low HOA fees and convenient access to shopping, dining, parks, the Weeki Wachee River, and the Gulf Coast, this home offers the rare combination of privacy, space, and lifestyle buyers are searching for.
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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 29, 2026 | Sold | ||
| Sold | |||
| Jun 20, 2026 | In contract | - | |
| In contract | |||
| Jun 13, 2026 | Relisted | $389,900 | |
| Relisted | |||
| Jun 1, 2026 | In contract | - | |
| In contract | |||
| May 27, 2026 | Listed by EXP REALTY LLC | $389,900 | |
| Listed by EXP REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017