7729 PARADISO DRIVE
About This Property
Set on an oversized lot that backs up to a serene conservation area, this home provides rare privacy and tranquil natural views. Step outside to your private retreat featuring a heated 2025 pool with advanced, energy-efficient technology, smart controls, and a fully fenced backyard-perfect for entertaining, relaxing, or enjoying Florida living year-round. The open layout and generous living spaces create an inviting atmosphere ideal for both gatherings and quiet evenings at home.
Located within the highly sought-after Waterset master-planned community, residents enjoy access to resort-style amenities including multiple pools, fitness centers, pickleball and tennis courts, playgrounds, dog parks, and miles of scenic walking and biking trails. Community clubhouses and social spaces foster an active, connected lifestyle.
Ideally situated near the Sportsplex and the waterfront charm of Apollo Beach, this home is just minutes from shopping, dining, marinas, and essential services. Its central location provides convenient access to major highways, airports, MacDill Air Force Base, hospitals, and area attractions-making it an exceptional choice for both comfort and convenience.
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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 |
|---|---|---|---|
| Apr 21, 2026 | Sold | ||
| Sold | |||
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Feb 5, 2026 | Listed by EXP REALTY, LLC | $750,000 | |
| Listed by EXP REALTY, LLC | |||
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017