649 Geneva PLACE
About This Property
The ground floor features a spacious great room/kitchen duo equipped with top-of-the-line Professional GE Monogram appliances, wine and beverage refrigerators, a generous dining space, and a convenient mudroom adjacent to the garage. Additionally, a first-floor bedroom with an attached bath and walk-in closet is also present.
Ascending to the upper floor, you will discover a luxurious master suite with a sizable sitting area, custom his and hers closets, and a spa-like bathroom with a freestanding tub. Two more bedrooms with en-suite bathrooms, a versatile flex room suitable for various uses, and a laundry room complete the second level.
The outdoor area is designed for seamless Florida entertainment, featuring a saltwater pool, a sun shelf, and spa by Blue Sky Pools, all enclosed within a fully fenced and landscaped backyard. Noteworthy features of this turnkey residence include icynene open-cell foam insulation in the attic and between floors, Gypcrete installation on the second level, sound barrier Batt insulation, a 16 SEER split HVAC system, pre-wiring for security cameras and multi-zone music systems, low-E impact-rated windows and doors, built-in home pest defense tubes, and an automated Rainbird irrigation system. The lofty garage ceilings provide ample space for the buyer to easily install a car lift.
Located on beautiful Davis Islands a short distance from the walking and bike path and a short distance from Davis Islands Village with many restaurants, shops, and bars. Bring your golf cart and enjoy the Island lifestyle with walking / biking paths, baseball fields, public tennis courts, public historic pool, two dog parks, a beach, public marina, and an airport. Additionally, located only minutes from Downtown Tampa, Water Street, Sparkman Wharf, and the Tampa Riverwalk, makes this neighborhood the most desired in South Tampa.
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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 |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Sep 3, 2024 | In contract | - | |
| In contract | |||
| May 24, 2024 | Listed by SMITH & ASSOCIATES REAL ESTATE | $2,850,000 | |
| Listed by SMITH & ASSOCIATES REAL ESTATE | |||
| Sep 19, 2022 | Sold | ||
| Sold | |||
| Jul 29, 2022 | Listed by SMITH & ASSOCIATES REAL ESTATE | $775,000 | |
| Listed by SMITH & ASSOCIATES REAL ESTATE | |||
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About Davis Islands
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017