5519 MADRIGAL WAY
About This Property
Inside, you'll find an open and inviting floor plan filled with natural light and neutral finishes, ready for the next owner to personalize. The bright great room flows effortlessly into the gourmet kitchen and dining area, creating a functional space ideal for both everyday living and hosting guests.Located just steps from Waterset's resort-style amenities, this home combines elegant design, everyday convenience, and an unbeatable location. With WestBay's signature craftsmanship and thoughtful layout, this Bayshore 1 is truly a spectacular home!
Waterset community amenities include 4 resort-style pools, lap pools, waterslides, dog parks, walking trails, parks, and splash pads, making it a truly exceptional place to live. Discover Apollo Beach a fast growing community and home of the Manatee viewing center! Centrally located between Bradenton/Sarasota, Orlando, Tampa, and St. Pete! 35 minutes to Tampa International Airport, McDill Airforce base and 35 minutes to some of the world's beautiful beaches!
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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 29, 2026 | Sold | ||
| Sold | |||
| Dec 23, 2025 | In contract | - | |
| In contract | |||
| Dec 11, 2025 | Price Decreased |
$589,900
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Nov 2, 2025 | Listed by RE/MAX BAYSIDE REALTY LLC | $594,900 | |
| Listed by RE/MAX BAYSIDE REALTY LLC | |||
| Jan 16, 2024 | Sold | ||
| Sold | |||
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017