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721 BAYSHORE DRIVE
About This Property
Just under two miles from the famous Tarpon Springs Sponge Docks, you can enjoy scenic bike rides along the waterfront surrounded by historic homes and breathtaking views. Conveniently centered between Tampa and St. Petersburg, both only about 30 minutes away, the location is hard to beat. Walk or bike to Fred Howard Park or Sunset Beach and enjoy everything this coastal community has to offer.
The home includes three bedrooms, two bathrooms, and a versatile flex space perfect for a home office, gym, or guest area. Additional highlights include a circular driveway, all brand-new appliances, and no deed restrictions, allowing plenty of space to park your boat or RV.
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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 |
|---|---|---|---|
| May 20, 2026 | Listed by COLDWELL BANKER REALTY | $475,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| Jul 9, 1993 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017