601 AMERICAN LEGION DRIVE #3
About This Property
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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 |
|---|---|---|---|
| Oct 24, 2026 | Price Decreased |
$299,000
↓ $26K
(8%) | |
| Price Decreased | |||
| Sep 30, 2026 | Listed by DALTON WADE INC | $325,000 | |
| Listed by DALTON WADE INC | |||
| |||
|
BEAUTIFUL 70X22 FEET FEE SIMPLE DEEDED BOAT SLIP ON MADIERA BEACH BEHIND THE MARRIOT COURTYARD AND ADJACENT TO THE AMERICAN LEGION CLUB. SLIP IS ON THE INTERCOASTAL AND DEEP ENOUGH FOR A SAILBOAT. READY TO ENJOY WITH WATER AND ELECTRIC. BELIEVE YOU CAN FIT UP TO A 75 FOOT BOAT. IT'S $35 A MONTH TO USE ALL OF THE FACILITIES ON THE MARRIOT GROUNDS TO INCLUDE THE BAR, POOL, LAUNDRY ROOM AND FITNESS CENTER ON THE PREMISES. SLIP IS CURRENTLY LEASED ON A MONTH TO MONTH FOR $2000 MONTHLY. YOURE GOING TO LOVE IT HERE WITH PERFECT LOCATION AND 800 FEET TO PUBLIX GROCERY STORE, THE ANGRY PEPPER, MCDONALDS AND SLYCE PIZZA. FIVE MINUTES TO BAY PINES VA. SERIOUS BUYERS ONLY PLEASE. CALL AGENT DIRECTLY.
| |||
| Jun 2, 2025 | Sold | ||
| Sold | |||
| May 16, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Listed by WATERFRONT REALTY TAMPABAY | $299,900 | |
| Listed by WATERFRONT REALTY TAMPABAY | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/06/2026
|
Studio
|
-
|
810 ft²
|
$274,900
Studio
-
810 ft²
|
$256,000
-6.88%
08/07/2026
|
Tim Johnson
WATERFRONT REALTY TAMPABAY
| |
|
03/31/2026
|
Studio
|
-
|
-
|
$249,000
Studio
-
|
$225,000
-9.64%
06/12/2026
|
Chris Remmert
CENTURY 21 EXECUTIVE TEAM
| |
|
10/30/2025
|
Studio
|
-
|
-
|
$315,000
Studio
-
|
$280,000
-11.11%
12/12/2025
|
Gina Johnson
WATERFRONT REALTY TAMPABAY
| |
|
04/24/2025
|
Studio
|
-
|
-
|
$299,900
Studio
-
|
$275,000
-8.30%
06/02/2025
|
Gina Johnson
WATERFRONT REALTY TAMPABAY
| |
|
01/11/2023
|
Loft
|
-
|
-
|
$249,440
Loft
-
|
$235,000
-5.79%
01/26/2023
|
Gina Johnson
WATERFRONT REALTY TAMPABAY
| |
|
06/21/2022
|
Loft
|
-
|
810 ft²
|
$200,000
Loft
-
810 ft²
|
$180,000
-10.00%
08/05/2022
|
Gina Johnson
WATERFRONT REALTY TAMPABAY
| |
|
07/14/2021
|
Loft
|
-
|
-
|
$179,999
Loft
-
|
$185,000
+2.78%
07/23/2021
|
Jessica Bex
COASTAL PROPERTIES GROUP
|
Building Info
- 2 Units for Sale
About Madeira Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
- 3 Beds
- 2 Baths
- 1,455 ft²
$6,500 /mo
- 2 Beds
- 2 Baths
- 1,100 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017