730 DRIVE
About This Property
This home sustained flood damage from hurricane Helene. Affected drywall and flooring has been professionally removed and the house has been dehumidified. Ready for you to renovate or tear down and BUILD or BUILD UP the home of your dreams in this popular area near the beach. Only a few miles from John's Pass with plenty of shops and restaurants. A short drive to downtown St. Pete and Tampa. Buyer(s) and/or Buyer's Agent are responsible for all due diligence concerning construction, rebuilding, and/or renovation and strongly encouraged to consult the City of Madeira Beach to understand remodeling or construction requirements before purchase, and fully due diligence on permitting process. Do Not miss out on this amazing opportunity to own waterfront property.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 12, 2026 | Sold | ||
| Sold | |||
| Jan 4, 2026 | In contract | - | |
| In contract | |||
| Jan 1, 2026 | Relisted | $725,000 | |
| Relisted | |||
| Nov 27, 2025 | In contract | - | |
| In contract | |||
| Nov 6, 2025 | Price Decreased |
$725,000
↓ $20K
(2.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017