7401 ISLANDER LANE
About This Property
Imagine stepping into your backyard, climbing aboard your boat, and reaching the open Gulf of Mexico in just minutes. With **direct Gulf access, no bridges, a private dock, and a 10,000-pound boat lift**, this home was designed for those who love boating, fishing, island hopping, or simply enjoying life on the water. Spend your evenings watching dolphins and manatees glide through the canal as the sun sets over the coast.
Inside, you'll find a bright, open floor plan that's been thoughtfully renovated from top to bottom. The beautifully redesigned kitchen features new cabinetry, countertops, stainless steel appliances, a breakfast bar, and an adjoining dining area, creating a space that's equally suited for everyday living and entertaining. Tile flooring runs throughout the home, while the spacious primary suite and remodeled en-suite bath offer comfort and style. A dedicated office provides flexibility for working from home, hobbies, or accommodating overnight guests.
One of the home's most impressive features is the **435-square-foot enclosed waterfront lanai**. Surrounded by impact windows and connected to the main living area through glass French doors, this incredible space functions as a true extension of the home-perfect for entertaining, relaxing with family and friends, or enjoying peaceful waterfront views year-round.
Buy with confidence knowing many of the major improvements have already been completed, including a **new roof (2023), elevated HVAC system (2025), updated electrical system, hurricane-impact windows and doors throughout most of the home, fully renovated bathrooms, and a beautifully updated kitchen.** The home also includes the valuable benefit of **assumable flood insurance**, helping make waterfront ownership even more affordable.
Outside, the fully fenced backyard offers plenty of room for pets, entertaining, or even adding a future hot tub. A floating dock, spacious garage, and additional concrete parking for your boat or trailer provide the functionality every waterfront owner appreciates.
Located in the desirable **Sea Pines** waterfront community, residents enjoy a private clubhouse, community park, boat ramp, and community dock-all with **no mandatory HOA fees.** Just minutes from SunWest Park, waterfront restaurants, shopping, and entertainment, you'll enjoy the perfect balance of convenience and the relaxed Florida coastal lifestyle.
Whether you're searching for a primary residence, seasonal getaway, or waterfront investment, this home stands out for its combination of extensive renovations, direct Gulf boating access, modern upgrades, and remarkable value. Opportunities to purchase a move-in-ready Gulf-access home at this price point are becoming harder to find. Schedule your private showing and experience everything this waterfront lifestyle has to offer.
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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 |
|---|---|---|---|
| Sep 5, 2026 | Price Decreased |
$350,000
↓ $15K
(4.1%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$365,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Jul 8, 2026 | Listed by KELLER WILLIAMS TAMPA PROPERTIES | $375,000 | |
| Listed by KELLER WILLIAMS TAMPA PROPERTIES | |||
| Mar 26, 2026 | Price Decreased |
$399,000
↓ $16K
(3.9%) | |
| Price Decreased | |||
| Feb 15, 2026 | Price Decreased |
$415,000
↓ $28K
(6.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017