5407 PALI WAY
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 |
|---|---|---|---|
| Jan 14, 2026 | Sold | ||
| Sold | |||
| Nov 12, 2025 | Price Decreased |
$1,300,000
↓ $100K
(7.1%) | |
| Price Decreased | |||
| Jul 28, 2025 | Listed by RE/MAX ACTION FIRST OF FLORIDA | $1,400,000 | |
| Listed by RE/MAX ACTION FIRST OF FLORIDA | |||
| | |||
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THIS IS THE #1 NEIGHBORHOOD IN ST PETE BEACH. WALK TO OVER 30 BARS & RESTAURANTS. OPEN WATER VIEWS OF BOCA CIEGA BAY. 104 X 115 FOOT LOT. THIS IS A VERY BIG LOT. THERE IS CURRENTLY A HOME ON THE LOT THAT IS CONSIDERED TO BE SUBSTANTIALLY DAMAGED. IF YOU HAVE AN INTEREST IN THE HOME WE CAN APEAL THE DAMAGE REPORT AND GET THE HOME CERTIFIED TO BE REMODELED. THE HOME IS A 3 BEDROOM 2.5 BATH WITH A 2 CAR GARAGE. ALMOST 1900 SQ. FT. MULTI MILLION DOLLER ESTATES LINE THIS NEIGHBORHOOD. REMODEL OR BUILD A NEW AMAZING PROPERTY. PERFECT FOR INVESTORS OR HOME OWNERS. YOUR DREAM CAN BECOME YOUR REALITY.
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| Jul 1, 2025 | Listed by RE/MAX ACTION FIRST OF FLORIDA | $1,400,000 | |
| Listed by RE/MAX ACTION FIRST OF FLORIDA | |||
| May 30, 2025 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017