935 CHIPAWAY DRIVE
About This Property
The home offers 4,704 square feet of living space, plus an additional 934 square feet of heated and cooled garage space, all under one roof. As you step through the double front doors, you are greeted with wide-open water views of the canal and Tampa Bay beyond from almost every room. There is no carpet anywhere - just strong, durable luxury vinyl plank floors. The main living area is bright and open, with a spacious kitchen featuring upgraded appliances, pull-out drawers, lots of storage, and a large waterfall quartz island with seating for four.
The layout includes three bedrooms on the main living floor, each with its own private bath, plus a full office that could easily become a fourth bedroom. The primary bedroom has water views, a walk-in closet with built-in storage, dual sinks, and a glass walk-in shower. Downstairs, there is another bedroom with a full bath, perfect for an in-law suite or extra living space. The first level is a blank canvas ready for your creativity - tall ceilings, a private entrance, and about 2,800 additional square feet of potential. Build out another living unit, add a game room, media room, gym, or more bedrooms - the options are endless. This space also offers breathtaking views of the deep, wide canal and the mangroves across the water.
The heated and cooled garages are oversized with tall ceilings and epoxy floors, easily fitting up to six vehicles, boats, RVs, or work trucks. Outside, you'll find two huge covered outdoor areas next to the fully renovated saltwater pool - the perfect spot for a future outdoor kitchen or Florida room. Two oversized balconies, one covered and one open, give you even more space to relax and enjoy the sunsets and water views.
The brand-new dock, built in 2023, includes a 16,000-pound lift, a floating dock, and open dock space for a yacht or sailboat. The home is built strong with, a metal roof, hurricane-rated windows and doors, and sits at a high elevation with no storm damage from recent hurricanes.
There's no HOA or CDD, and short-term rentals are allowed, making this a perfect full-time home, second home, or investment opportunity.
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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 14, 2026 | Sold | ||
| Sold | |||
| Mar 16, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | Price Decreased |
$1,799,000
↓ $50K
(2.7%) | |
| Price Decreased | |||
| Dec 6, 2025 | Price Decreased |
$1,849,000
↓ $50K
(2.6%) | |
| Price Decreased | |||
| Oct 2, 2025 | Price Decreased |
$1,899,000
↓ $100K
(5%) | |
| Price Decreased | |||
Property Highlights
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017