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894 LANTERN WAY
About This Property
Beyond your front door, Coachman Reserve pairs attractive Mediterranean-inspired architecture, tile roofs, paver driveways, and lush landscaping with the ease of a maintenance-free lifestyle. Residents enjoy a gated entrance, clubhouse with fitness facilities, guest parking, and a heated community pool with both covered and open-air lounging areas. The community is also pet-friendly, making it easy for every member of the household to feel at home. Located just north of Gulf to Bay Boulevard off Belcher Road, this address puts The Landings Golf Club, Clearwater Executive Airport, the Long Center, and Coachman Ridge Park all within about a mile and a half, with shopping, restaurants, everyday conveniences, and the Gulf beaches an easy drive away.
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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 17, 2026 | Price Decreased |
$379,900
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Aug 16, 2026 | Listed by KELLER WILLIAMS GULF BEACHES | $389,900 | |
| Listed by KELLER WILLIAMS GULF BEACHES | |||
| Jul 17, 2026 | Price Decreased |
$389,999
↓ $1
(0%) | |
| Price Decreased | |||
| Jun 11, 2026 | Price Decreased |
$390,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| May 18, 2026 | Price Decreased |
$400,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
Property Highlights
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About Clearwater
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017