568 JOHNS PASS AVENUE
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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 |
|---|---|---|---|
| Mar 26, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Jan 13, 2026 | Listed by CENTURY 21 BEGGINS | $1,000,000 | |
| Listed by CENTURY 21 BEGGINS | |||
| May 13, 2025 | Price Decreased |
$2,000,000
↓ $250K
(11.1%) | |
| Price Decreased | |||
| Dec 11, 2024 | Listed | $2,250,000 | |
| Listed | |||
| | |||
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A rare opportunity awaits luxury home builders and discerning investors with this double-wide 140-foot waterfront property on the open bay at 568 & 570 Johns Pass Avenue in Madeira Beach. Offering unobstructed panoramic water views, deep-water access, and direct passage to the Gulf of Mexico via Johns Pass, this location provides the ideal canvas for an exquisite coastal estate - or two signature luxury homes. Positioned on two adjoining lots, the property delivers ample space to design expansive indoor-outdoor living areas, resort-style pools, and private docks. With deep water frontage perfectly suited for large vessels and yachts, it's a dream setting for those who value both sophistication and seamless access to world-class boating, fishing, and waterfront recreation. Located in one of the most desirable communities along Florida's Gulf Coast, this property combines serenity with convenience. You're just minutes from Madeira Beach's sugar-white sands, Johns Pass Village & Boardwalk, upscale dining, and boutique shopping, while downtown St. Petersburg and Tampa International Airport are within easy reach. This is a rare double-lot waterfront opportunity in the heart of Tampa Bay's premier luxury market - a perfect setting to create a showcase residence that captures the essence of refined coastal living.
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About Madeira Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017