5572 RAMADA STREET
About This Property
BREATHTAKING dual river views of the spring-fed, crystal clear Weeki Wachee River: one view stretches downstream along the river's course, while the other presents the river flowing directly in front of the property.**
Want to BUILD your dream HOME? All the prep work is DONE - just bring your vision! Generous setbacks: 20' front, 7' sides, 15' rear - giving you flexibility in design. NO impact fee! Electrical pole already in place. Sewer and water box already installed. NO sewer tie in fee. Only 9' of elevation needed to meet the 12' Design Flood Elevation requirement.
The river maintains a comfortable 72-degree temperature year-round, making it ideal for swimming and exploring. At the end of the canal lies Hospital Hole, a renowned gathering spot for manatees, especially during colder months. This natural warm-water refuge provides residents with the rare opportunity to observe these gentle giants in their natural habitat. Rogers Park is one street over, just walking distance, with Upper Deck and other restaurants close by.
Indulge in various water-based activities such as kayaking, diving and canoeing. It's just minutes away from the Gulf of Mexico, offering additional recreational opportunities such as scalloping, boating and fishing. Mermaids can be found at Buccaneer Bay, along with a water park and water slides! The community hosts annual events that add to the area's charm, including holiday festivities and seasonal celebrations.
See... Fall in Love with the Lifestyle... And Build Your Dream Home!!
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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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Apr 16, 2025 | Relisted | $279,900 | |
| Relisted | |||
| Apr 15, 2025 | In contract | - | |
| In contract | |||
| Apr 13, 2025 | Price Decreased |
$279,900
↓ $20K
(6.7%) | |
| Price Decreased | |||
| Mar 1, 2025 | Listed by LIPPLY REAL ESTATE | $299,900 | |
| Listed by LIPPLY REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017