59 TURNSTONE DRIVE
About This Property
The primary suite features French doors opening to a private open-air deck-ideal for outdoor relaxation-and includes a walk-in closet, dual-sink vanity, and step-in shower. Two additional bedrooms share a full bath with a tub-shower combination. Fresh interior paint adds a bright, move-in ready feel throughout. The laundry room, located off the hallway, provides access to the attached two-car garage.
Outdoor living is a highlight, with two distinct spaces: a covered screened deck accessible from the dining room and a spacious open deck accessed from the primary suite. The fully fenced backyard includes mature trees and established landscaping.
Situated on tree-lined streets in North Bay Hills, this home enjoys a prime location just 2.7 miles to downtown Safety Harbor's shops, dining, and marina; 2.0 miles to Philippe Park's trails and bayfront views; 12 miles to Clearwater Beach; and 20 miles to downtown Tampa. Easy access to Main Street, McMullen Booth Rd, and major commuter routes enhances convenience.
Includes video tour for a complete view of the home and outdoor spaces.
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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.
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About North Bay Hills
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017