5580 TANGELO ROAD
About This Property
Inside, the light-filled, OPEN CONCEPT floor plan creates an effortless flow for everyday living and entertaining. Ceramic tile flooring, Plantation Shutters, Crown Molding, 4.5-inch baseboards and recessed lighting add style and continuity throughout. The kitchen opens to the main living area and features GRANITE countertops, stainless-steel appliances, solid wood cabinetry and an expansive BREAKFAST BAR - perfect for morning coffee, casual meals and conversation.
A SPLIT BEDROOM layout provides added privacy, while the generously sized primary suite offers plenty of space for a sitting area or home office.
The oversized family room adds exceptional FLEXIBILITY and can easily accommodate dining, recreation, fitness, media or work-from-home needs.
Step outside and discover the true showcase: a LOW-MAINTENANCE tropical oasis designed for enjoying the Florida lifestyle. The NEW saltwater POOL and heated spillover spa feature color-changing LED lights, creating a spectacular setting from sunny afternoons to evening swims. An expansive paver patio, tropical landscaping and permitted firepit provide multiple spaces for lounging, dining and gathering under the stars. Three custom storage sheds-two with electricity-offer outstanding storage and exciting possibilities for a workshop, She Shed or pool cabana.
Additional peace-of-mind features include a whole-house GENERATOR with transfer switch and propane connection, DOUBLE-PANE thermal windows, new IMPACT-rated front and rear doors, pre-cut plywood panels with easy to install clips, newer ductwork and insulation, new irrigation well pump, and a beautifully finished garage with epoxy flooring, A/C, new double utility sink and pull down attic stairs. Major updates include the roof (2018), sewer line from house to street (2018), tankless gas water heater (2019), pool and pool pavers (2019), impact doors (2022), driveway and additional backyard pavers (2022), firepit (2022) and A/C (2026).
This is in a PRIME location in Seminole – walking distance to the newly renovated Blossom Lake Park that features a 5-acre setting with shaded playgrounds, a paved fitness trail, a fishing lake, picnic pavilions with grills, a basketball court, and a small zipline; 5 minute drive to Madeira Beach; minutes to Seminole City Center with numerous dining and shopping options; and close to the Pinellas Trail.
This move-in-ready home brings together comfort, convenience and resort-style living-without leaving home.
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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.
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.
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About Seminole
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017