850 CAPRI BOULEVARD
About This Property
A true boater's paradise, this prime property features direct, deep-water access with the Gulf of Mexico just minutes away by boat, making it effortless to enjoy world-class boating, fishing, and waterfront dining. Wake up to shimmering sunrises, enjoy dolphin and manatee sightings, and unwind each evening with glowing sunsets over the water-all from your own future backyard oasis.
With its unparalleled location, generous dimensions, and commanding water views, this is a once-in-a-lifetime opportunity to create a legacy property in one of Treasure Island's most desirable waterfront enclaves. Build the home you have always envisioned and embrace the ultimate Florida waterfront 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 |
|---|---|---|---|
| May 20, 2026 | Sold | ||
| Sold | |||
| Apr 16, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Price Decreased |
$1,750,000
↓ $200K
(10.3%) | |
| Price Decreased | |||
| Jan 16, 2026 | Listed by SMITH & ASSOCIATES REAL ESTATE | $1,950,000 | |
| Listed by SMITH & ASSOCIATES REAL ESTATE | |||
| Oct 24, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017