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7322 PARADISO DRIVE
About This Property
Back on the market, no fault of the seller! Welcome to 7322 Paradiso Drive, a beautifully upgraded lakefront home in the award-winning Waterset community of Apollo Beach. Built in 2020, this meticulously maintained one-story residence combines timeless Craftsman architecture with thoughtful design, modern finishes, and exceptional indoor-outdoor living. From the moment you enter, soaring ceilings, crown molding, tray ceilings, and an open-concept floor plan create a bright and inviting atmosphere. Ceramic tile flows throughout the main living areas, while the bedrooms offer the warmth and comfort of carpeting.
The gourmet kitchen is designed to be the centerpiece of the home, featuring solid wood cabinetry, stone countertops, a large center island, walk-in pantry, and abundant workspace for cooking, gathering, and entertaining. The spacious living and dining areas overlook the tranquil lake through expansive sliding glass doors, creating a seamless connection between indoor and outdoor living. A private home office with glass French doors provides the perfect space for remote work, studying, or a quiet retreat.
The primary suite offers peaceful lake views and a spacious walk-in closet, while the luxurious ensuite bath features dual stone-top vanities, a walk-in shower, and floor-to-ceiling tile finishes. Three additional bedrooms and two full guest bathrooms provide flexibility for family, guests, or multigenerational living.
Step outside to an impressive covered lanai overlooking the water and experience your own private backyard retreat. The 6-foot-deep, gas-heated pool and spa, outdoor kitchen, and fire pit create the perfect setting for entertaining or relaxing while enjoying beautiful Florida sunsets over the lake. Additional upgrades include a three-car garage, water softener system, solar energy storage system, and a 2020 roof, offering both convenience and energy efficiency.
Living in Waterset means enjoying one of Apollo Beach's premier master-planned communities with resort-style amenities including multiple heated pools, a clubhouse, state-of-the-art fitness center, tennis and pickleball courts, playgrounds, parks, and miles of scenic walking and biking trails. The community is golf-cart friendly and conveniently located near shopping, dining, waterfront recreation, top-rated schools, and I-75 for an easy commute to Tampa, St. Petersburg, Sarasota, and MacDill Air Force Base.
Offering luxury finishes, breathtaking lake views, exceptional outdoor living, and one of the most desirable lifestyles in Apollo Beach, 7322 Paradiso Drive is ready to welcome you home.
What the Seller Loves: "One of our favorite parts of living here is spending evenings by the pool watching the sun set across the lake. Whether we're grilling in the outdoor kitchen, relaxing in the spa, or gathering around the fire pit with friends and family, this backyard truly feels like a private resort. Inside, we love the open layout, the natural light, and having a dedicated office that makes working from home easy. Waterset has been an incredible community with beautiful walking trails, resort-style pools, fitness center, parks, and friendly neighbors. Being able to golf cart around the neighborhood while still being just minutes from shopping, restaurants, and everything Apollo Beach has to offer has made this an amazing place to call home."
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Sep 12, 2026 | Relisted | $695,000 | |
| Relisted | |||
| Sep 4, 2026 | In contract | - | |
| In contract | |||
| Sep 1, 2026 | Price Decreased |
$695,000
↓ $54K
(7.2%) | |
| Price Decreased | |||
| Jul 14, 2026 | Listed by 27NORTH REALTY | $749,000 | |
| Listed by 27NORTH REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017