79 THATCH PALM STREET W
About This Property
This 2-bedroom, 2-bath home is perfectly positioned on one of the most desirable lots in the Palm Hill Country Club offering breathtaking golf course views and endless potential. The property features a spacious Florida room with large windows that frame the scenic fairways-ideal for enjoying the peaceful, open landscape and Florida sunshine year-round. Inside, the home is a true fixer-upper, ready to be gutted and renovated to suit your personal style and vision. Whether you choose to fully remodel the existing structure or remove it and place a brand-new custom home, the lot provides a rare opportunity for a fresh start in a prime location. With its unbeatable views, privacy, and access to the community's resort-style amenities this property is a blank canvas waiting for your creative touch.
This well-located home is a fantastic opportunity and priced to sell at just $65,000-including the valuable community share. With vinyl siding and a roof-over, the home offers low-maintenance living and long-term value. It features central heat and air along with a spacious two-car carport that provides both parking and extra covered space. A large shed houses the washer and dryer, adding convenience and storage. There's also room to create your own patio where you can sit back and enjoy the stunning views that make this property truly special. Whether you're looking for a seasonal escape or a full-time residence, this home combines great potential, a prime location, and unbeatable value. Don't miss your chance to own a slice of Florida paradise at an incredible price.
*Please note that the current owner has never occupied the home and there are many defects to the 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%.
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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| May 29, 2025 | In contract | - | |
| In contract | |||
| May 12, 2025 | Listed by SELECT REAL ESTATE OF PINELLAS | $65,000 | |
| Listed by SELECT REAL ESTATE OF PINELLAS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017