575 QUEEN PALM STREET
About This Property
Enter this stylish, fully furnished home, where an inviting coastal aesthetic and modern updates create a true turnkey living experience. Offering just under 1000 square feet of well-designed space, the split-plan layout ensures privacy and ease of use. The bright and open kitchen features tile countertops, an eat-in area, and essential appliances, flowing into a dining room that provides additional seating and storage with a beautifully designed hutch. The living room is a welcoming space, perfect for entertaining or unwinding after a day of activities. The primary bedroom is generously sized and will include a comfortable queen-sized bed, replacing the one currently shown in photos. A spacious closet and an updated en suite bath with tropical-inspired hues, vinyl flooring, and a walk-in shower complete the suite. The charming guest bedroom provides a cozy retreat, suitably located near a second bathroom that features a long vanity, ample storage, and a combination tub and attractively tiled shower-ideal for both residents and visitors alike.
The exterior of this home is equally impressive, with durable vinyl siding and a lowered Florida room that extends the living space, complete with tasteful tile flooring and French doors at the entrance. A well-maintained carport provides ample coverage for vehicles, while a dedicated golf cart parking pad with pavers adds extra accessibility. The 2021 roof-over and central heat and air system offer peace of mind, ensuring reliability and durability. At the rear of the home, an enchanting patio with pavers provides the perfect spot for outdoor relaxation, while a paved walkway adds to the home's curb appeal. A roomy shed houses a washer and dryer, enhancing the home's usability. Priced at $125,000 with a share included, this home is move-in ready to start enjoying everything this incredible community has to offer!
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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 |
|---|---|---|---|
| Dec 29, 2025 | Sold | ||
| Sold | |||
| Oct 25, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2025 | Price Decreased |
$125,000
↓ $15K
(10.4%) | |
| Price Decreased | |||
| Sep 11, 2025 | Price Decreased |
$139,500
↓ $8K
(5.4%) | |
| Price Decreased | |||
| Mar 3, 2025 | Listed by SELECT REAL ESTATE OF PINELLAS | $147,500 | |
| Listed by SELECT REAL ESTATE OF PINELLAS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017