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6411 BLUE SAIL LANE
About This Property
Thoughtful design, meaningful privacy, and major recent improvements come together at 6411 Blue Sail Lane in Waterset. This beautifully maintained David Weekley Brookfield residence is positioned on a conservation lot with a fully fenced yard and private exterior courtyard, creating a peaceful setting for everyday living and entertaining. What truly distinguishes this home is the private-entry in-law suite, providing a level of independence and flexibility rarely found in a traditional floor plan and making the home especially well suited for multi-generational living, extended guests, or households needing additional private space.
Inside, 2,620 square feet of living space includes 3 bedrooms and 3.5 bathrooms with an open layout connecting the kitchen, dining area, and main living room. The design works equally well for relaxed daily routines and larger gatherings, while flexible interior space can also accommodate a dedicated home office.
Significant recent improvements add both style and peace of mind. The roof and HVAC system were replaced in 2025, while fresh interior paint and updated flooring throughout the main living areas give the home a clean, refreshed feel. The kitchen includes upgraded appliances with a new refrigerator and dishwasher, and both the primary and guest bathrooms feature newly replaced fixtures. An attached 2-car garage completes the practical layout.
Buyers may also benefit from seller-paid closing cost assistance, creating added flexibility when structuring a purchase.
Waterset residents enjoy an extensive collection of community amenities including multiple swimming pools, a splash pad, clubhouse, neighborhood cafe, fully equipped fitness center, dog parks, playgrounds, tennis, pickleball and basketball courts, along with miles of walking and biking trails. The community also provides convenient access to I-75, downtown Tampa, MacDill Air Force Base, Gulf beaches, shopping, dining, and everyday conveniences.
***** WHAT THE SELLER LOVES
The seller loves the privacy created by the conservation setting and fenced yard, the flexibility of the private-entry in-law suite, and the quiet courtyard that adds another outdoor space to enjoy. They also appreciate knowing that major improvements, including the 2025 roof and HVAC system, have already been completed.
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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 16, 2026 | Sold | ||
| Sold | |||
| Aug 31, 2026 | In contract | - | |
| In contract | |||
| Jul 1, 2026 | Relisted | $569,000 | |
| Relisted | |||
| May 31, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Listed by 27NORTH REALTY | $569,000 | |
| Listed by 27NORTH REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017