803 HELMSMAN WAY
About This Property
Welcome to this meticulously maintained block home in the sought-after East Lake corridor, nestled in the vibrant 55+ community of Anchorage of Tarpon Lake. This lovely 2-bedroom, 2-bathroom residence is move-in ready and offers both comfort and peace of mind, sitting in a desirable X flood zone – meaning no flood insurance required by lenders, saving you money and providing added security.
Step inside to discover a bright and welcoming kitchen featuring tile floors, wood cabinets, solid surface countertops, a stylish white subway tile backsplash, and a solar light for added brightness. The open dining/living room combo boasts elegant wood-look tile flooring, offering versatile space for hosting guests. A spacious Florida room provides the perfect spot for hobbies or relaxing with a view of your serene backyard.
The primary bathroom features an updated walk-in shower and a new vanity, while the guest bathroom offers a tub and a newer vanity. Sliders from the Florida room lead to a screened enclosure, offering a peaceful retreat and a glimpse of the lush natural surroundings.
Notable updates include a 10-year-old roof, 7-year-old HVAC system, and appliances replaced in 2015, with a brand-new microwave. This home is ideally located next to the 250-acre John Chesnut Park, with a private neighborhood walkway leading you to the park's boat launch, dog park, walking trails, and playground.
The community offers a large pool, clubhouse with a library, pool table, and kitchen for social gatherings, as well as a full calendar of activities and events to keep you engaged. Enjoy convenient access to the Pinellas Trail, YMCA, and Ruth Eckerd Hall, and you're just 20 minutes from both Tampa and Clearwater/St. Pete airports. Famous Gulf beaches, fantastic restaurants, upscale shopping, Downtown Dunedin, and several golf courses are all just a short drive away.
This home is a true gem – close to everything you need for an active, vibrant lifestyle!
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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 29, 2025 | Sold | ||
| Sold | |||
| Sep 9, 2025 | In contract | - | |
| In contract | |||
| Jun 12, 2025 | Price Decreased |
$329,000
↓ $15K
(4.4%) | |
| Price Decreased | |||
| May 20, 2025 | Relisted | $344,000 | |
| Relisted | |||
| Apr 5, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017