61 THATCH PALM STREET W
About This Property
Interior Features:
This property presents a rare opportunity to own a prime golf course lot with endless potential. The existing 1973 two-bedroom, two-bath home features a spacious Florida room offering sweeping views of the golf course, creating a serene backdrop for everyday living. Ideal for visionaries and investors, the home is a true fixer-upper requiring extensive repairs and upgrades, or alternatively, the structure can be removed to make way for a custom-designed home tailored entirely to your taste and lifestyle. With its fabulous location directly on the course, this lot stands out as an exceptional canvas for creating a brand-new residence in a highly desirable setting.
Exterior Features:
The exterior of this home offers vinyl siding, a roof-over, and a new A/C system installed in 2020, providing key updates already in place. A two-car carport adds convenient covered parking, while the storage shed offers practical space for tools, hobbies, or extra storage. Enhancing it all are the stunning, unobstructed views of the golf course, delivering a picturesque setting that elevates the property's appeal. Priced to sell at just $39,900 including the share. This home represents an exceptional value and a standout opportunity for buyers seeking location, potential, and affordability!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Mar 16, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Price Decreased |
$39,900
↓ $10K
(20%) | |
| Price Decreased | |||
| Jan 12, 2026 | Listed by SELECT REAL ESTATE OF PINELLAS | $49,900 | |
| Listed by SELECT REAL ESTATE OF PINELLAS | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017