6408 KATHLEEN DRIVE
About This Property
This 2-bedroom, 1-bathroom home, plus an additional full bathroom in the garage, is the perfect opportunity to create your dream coastal escape. While the home did experience flooding, all drywall has been removed and remediated for mold, giving the new owner a clean slate for renovations. The quartz countertops were saved, offering a great cost-saving advantage.
Although the property exceeded FEMA's 49% threshold, the sellers have a written contractor estimate confirming it can be brought under that amount. The new buyer will need to complete the after-storm permitting process with the county.
Located on deep-water canals with direct access to the Gulf of America, this property is a boater's paradise. The home features newer double-pane windows, hurricane shutters, and a well-maintained seawall with a cap installed in 2005. With a floating dock and a 10,000-lb boat lift, you'll be on the water in no time, heading to Anclote Island, the Sandbar, or docking up for dinner at Hooters, Whiskey Joe's, Whiskey River, and more-all within 30 minutes by boat.
Nestled in the heart of Hudson, Florida, this golf cart-friendly community is just around the corner from Hudson Ice Cream Shop, the family-owned Inn on the Gulf, and Hudson Beach-where you can take in breathtaking sunsets, live music, and drinks at Sam's Beach Bar.
Hudson is a charming coastal town with an unbeatable location-only 45 minutes to Tampa International Airport, 2 hours to Disney, 30 minutes to Weeki Wachee (home of the mermaids), and just 5 minutes to SunWest Park with water bounce houses. With nearby hospitals, shopping, and endless entertainment, this home is a fantastic vacation retreat, investment property, or forever home. Don't miss this incredible waterfront opportunity!
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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 |
|---|---|---|---|
| Apr 11, 2025 | Sold | ||
| Sold | |||
| Apr 5, 2025 | In contract | - | |
| In contract | |||
| Mar 26, 2025 | Listed by BHHS FLORIDA PROPERTIES GROUP | $235,000 | |
| Listed by BHHS FLORIDA PROPERTIES GROUP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017