8702 40TH WAY N
About This Property
Located in The Mainlands of Tamarac by the Gulf – a premier 55+ golf-cart-friendly community
Welcome to your light-filled Florida retreat in the highly sought-after Mainlands of Tamarac by the Gulf! This beautifully maintained home combines comfort, convenience, and an active adult lifestyle all in one.
Step inside to an inviting open floor plan that flows effortlessly from the spacious living area to the dining and kitchen spaces. Abundant natural light shines through the all-new impact windows, with hurricane shutters, complemented by upgraded electric shades for easy comfort at the touch of a button. Lower insurance + peace of mind thanks to newer systems/impact glass. The split bedroom layout provides privacy for guests, while the large primary suite offers plenty of room to relax with a generous bath and ample closet space. Enjoy the updated primary suite bath that includes quartz countertops, vanity with soft close draws, the shower is "maintenance free" with epoxy finish, no need to use chemicals, simply rinse the walls and wipe down with a towel.
Enjoy your morning coffee or an evening chat with neighbors on the cute front patio. Additional updates include a new water softener system, new water heater, and AC (2 more years left on warranty) replaced approximately 6 years ago-air handler has an ultra violet lamp, that was installed in 2024 ensuring efficiency and peace of mind, and a one-car garage for convenience & storage.
This well-run 55+ community covers water, cable, roof, and ground maintenance in the monthly fee, leaving you free to enjoy everything the neighborhood has to offer: a golf course, heated community pool, clubhouse with activities, and friendly streets perfect for golf-cart living.
Furnishings are negotiable, making this an easy move-in opportunity for seasonal or full-time living.
Whether you're seeking a relaxing year-round home or a sunny winter escape, 8702 40th Way N captures the best of the Florida lifestyle in one of Pinellas County's most established 55+ communities.
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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 |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Feb 22, 2026 | In contract | - | |
| In contract | |||
| Dec 12, 2025 | Price Decreased |
$259,900
↓ $10K
(3.7%) | |
| Price Decreased | |||
| Oct 17, 2025 | Listed by KELLER WILLIAMS REALTY- PALM H | $269,900 | |
| Listed by KELLER WILLIAMS REALTY- PALM H | |||
| Mar 30, 2017 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017