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5534 SILVER SUN DRIVE
About This Property
Welcome to the vibrant Waterset community in Apollo Beach! This beautifully designed 4-bedroom, 3-bathroom home spans 2,444 square feet and offers the ideal blend of modern comfort and Florida living. Built in 2022, this two-story residence features an open-concept floor plan with wood flooring, crown molding, tray ceilings, and abundant natural light throughout.
The main level includes a private office, spacious living and dining areas, and a chef's kitchen with solid surface countertops, stainless steel appliances, a convection oven, and a large island perfect for entertaining. Upstairs, you'll find the primary suite with a luxurious ensuite bath, dual sinks, and an oversized walk-in closet, along with a versatile loft area ideal for a family room, play area, or home gym.
Step outside to a covered rear porch overlooking a fully fenced and landscaped yard, perfect for relaxing evenings or weekend gatherings.
Living in Waterset means access to resort-style amenities, including multiple community pools, a clubhouse, fitness center, tennis courts, dog parks, playgrounds, and scenic walking trails. Enjoy neighborhood events, on-site dining, and the convenience of being minutes from shopping, major highways, and the Apollo Beach Nature Preserve.
With a low annual HOA of $131, a CDD of $2,808, and located in Flood Zone X (no flood insurance required), this home offers exceptional value and peace of mind.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 4, 2026 | Sold | ||
| Sold | |||
| Apr 23, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Price Decreased |
$460,000
↓ $20K
(4.2%) | |
| Price Decreased | |||
| Mar 3, 2026 | Price Decreased |
$480,000
↓ $4K
(0.8%) | |
| Price Decreased | |||
| Jan 5, 2026 | Price Decreased |
$484,000
↓ $5K
(1%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017