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541 LILLIAN DRIVE
About This Property
Positioned along a serene, wide canal offering sailboat water and no fixed bridges, this beautifully renovated two bedroom, two bathroom residence blends timeless coastal charm with effortless waterfront living.
Inside, a bright and open floor plan creates an inviting atmosphere for relaxed everyday living and easy entertaining. Beautiful shiplap accents throughout bring warmth, character, and a refined coastal feel, while plantation shutters add another layer of timeless style. The thoughtfully updated kitchen features all new appliances, and generously sized bedrooms provide peaceful places to unwind. Move in ready and beautifully refreshed, this home allows you to begin enjoying the waterfront lifestyle from the moment you arrive.
Step outside to the tranquil, east facing backyard, where lush, mature trees provide welcome shade and privacy. A private boat dock and lift make it easy to step aboard and cruise toward the open Gulf whenever adventure calls. It is the perfect setting for quiet mornings, leisurely afternoons, and evenings spent enjoying the gentle coastal breeze.
Additional improvements include a new water heater, updated electrical panel with a generator connection, and brand new garage door, offering added comfort, convenience, and peace of mind.
Whether you are an avid boater searching for your next waterfront adventure or dreaming of a peaceful coastal retreat, this charming home invites you to slow down, soak up the sunshine, and embrace the Florida lifestyle you have been waiting for.
Come discover your own slice of waterfront paradise, where every day feels like a getaway.
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 19, 2026 | Listed by PREFERRED SHORE LLC | $849,000 | |
| Listed by PREFERRED SHORE LLC | |||
| Jul 2, 2026 | Price Decreased |
$850,000
↓ $25K
(2.9%) | |
| Price Decreased | |||
| May 31, 2026 | Price Decreased |
$875,000
↓ $25K
(2.8%) | |
| Price Decreased | |||
| Feb 19, 2026 | Listed by COMPASS FLORIDA LLC | $900,000 | |
| Listed by COMPASS FLORIDA LLC | |||
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Nestled along a serene wide canal with sailboat water and no fixed bridges, this delightful two-bedroom, two-bath home is a true waterfront haven. Picture yourself stepping aboard your boat and cruising effortlessly to the Gulf in just minutes—this is the kind of lifestyle dreams are made of. Recently updated and move-in ready, this charming retreat features an east-facing backyard shaded by mature trees—perfect for sipping your morning coffee or unwinding with a good book while the gentle breeze rolls in. Inside, the open floor plan flows beautifully, making it easy to entertain or simply relax. The spacious bedrooms are complemented by timeless plantation shutters throughout, adding elegance and charm. And with thoughtful updates like a new hot water heater, an electric panel with a generator plug, and a brand-new garage door, you’ll have convenience and comfort at every turn. Wake up to stunning sunrises over the water and embrace the tranquility of this coastal gem. Whether you’re an avid boater or simply looking for a peaceful retreat, this home is ready to welcome you to a life of relaxation and endless coastal beauty.
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| Jun 22, 1994 | Sold | ||
| Sold | |||
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About Madeira Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017