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8485 BLIND PASS DRIVE
About This Property
The home itself is fully functional and move-in ready, offering a solid foundation for your own design ideas. The main living areas open to sweeping water views, while the outdoor space invites you to imagine rebuilding a shaded bar or lounge area under the home's elevated structure - an ideal setting for relaxing by the pool and watching the boats glide by.
Inside, the kitchen is clean and practical, awaiting a modern touch from its next owner. Both HVAC condensers were replaced in 2025, and the spacious garage provides ample room for vehicles, storage, and all your coastal gear.
Located in Treasure Island's beloved Sunset Beach community - with restaurants, open-air bars, and boutique shops just a stroll away - this home combines exceptional boating convenience, low-cost FEMA-compliant insurance eligibility, and the relaxed beach lifestyle that makes this corner of the Gulf Coast so special.
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Cap Rate Calculator
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 25, 2026 | Sold | ||
| Sold | |||
| Sep 3, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Price Decreased |
$1,799,900
↓ $100K
(5.3%) | |
| Price Decreased | |||
| Mar 5, 2026 | Price Decreased |
$1,899,900
↓ $49K
(2.5%) | |
| Price Decreased | |||
| Dec 11, 2025 | Price Decreased |
$1,949,000
↓ $41K
(2.1%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017