5
Map
$820,000
●
Land -
In Contract
722 PRUITT DRIVE
MADEIRA BEACH, FL 33708
Studio
0 Bath
$5,019
Est. Monthly
About This Property
Under contract-accepting backup offers. WATERFRONT LAND VALUE
OPPORTUNITY IN MADEIRA BEACH! Oversized waterfront lot with
beautiful canal views and direct access to Boca Ciega Bay and the
Intracoastal Waterway, with waterways connecting to John's Pass and
the Gulf of America. Property is being offered at land value,
providing an exceptional opportunity to build a new coastal
residence in one of Pinellas County's most desirable waterfront
communities. Existing structure is scheduled for demolition at the
seller's expense, allowing the next owner to start with a clean
slate. Seawall replaced in 2022. Enjoy the best of the Florida
lifestyle with Madeira Beach less than one mile away, while the
City of Seminole, shopping, restaurants, and schools are all within
approximately five miles. A rare opportunity to create your dream
waterfront home in a prime Madeira Beach location with outstanding
access to boating, beaches, dining, and Gulf Coast amenities.
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$992
HOA Dues
-
Year Built
1951
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 days ago (Stellar MLS #TB8543910)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2026 | In contract | - | |
| In contract | |||
| Oct 18, 2026 | Price Decreased |
$820,000
↓ $79K
(8.8%) | |
| Price Decreased | |||
| Aug 30, 2026 | Listed by LUXURY & BEACH REALTY INC | $899,000 | |
| Listed by LUXURY & BEACH REALTY INC | |||
| Dec 17, 2021 | Sold | ||
| Sold | |||
| Sep 11, 2021 | Listed by KELLER WILLIAMS REALTY | $839,988 | |
| Listed by KELLER WILLIAMS REALTY | |||
| | |||
|
Reduced! Duplex on the beach! Future zoning is now only a single family residence. Bring your boat, deep water access and large dock are perfect for the boating enthusiast! Great place to live, work, and play or rent out and earn a handsome passive income! This Duplex has 2 bedroom, 1 bath on right side and 1 bedroom, 1 bath on the left side. The new buyer will not be able to keep It as a duplex. It must be a single family residence. The property has newer appliances and is in great condition. Owner pride shines through in this lovely home. The home could be converted to a 3 bed, 2 bath with extra kitchen. There is also separate garage for parking or storage and a nice lawn as well. 95 FOOT LOT! One of the larger lots in the area also! Make this home yours today before someone else does in this low inventory market we are currently navigating here in Tampa Bay! thank you for checking out our awesome listing.
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Property Highlights
Garage
With View
Exterior Details
Waterfront Features: Canal Access
Building Area Units: Square Feet
Lot Features: City Lot, Level, Buildable, Flood Plain, Oversized Lot, Room For Pool
Lot Size Area: 9845
Lot Size Units: Square Feet
Lot Size Acres: 0.23
Lot Size Square Feet: 9845
Lot Size Dimensions: 90 x 105
Tax Lot: 12
Water Source: Public
Financial Details
Tax Annual Amount: $11,908
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Madeira Beach
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Listed by: Nicole Evans
LUXURY & BEACH REALTY INC
Last Updated: 3 days ago
Data Source: Stellar MLS, MLS# TB8543910
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
LUXURY & BEACH REALTY INC
Last Updated: 3 days ago
Data Source: Stellar MLS, MLS# TB8543910
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017