1003 WESTWAY DRIVE
About This Property
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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 |
|---|---|---|---|
| Feb 13, 2026 | Listed by COLDWELL BANKER REALTY | $6,100,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| Jul 10, 2024 | Listed | $6,100,000 | |
| Listed | |||
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Situated along the iconic shores of Lido Key Beach, 1003 Westway Drive presents an unparalleled opportunity to craft a custom home with breathtaking panoramic Gulf of Mexico views and immediate access to Lido Key Beach. This 0.69-acre Gulf-facing lot offers an ideal setting for creating your bespoke beach house in one of Lido Key's most coveted communities. Located in the prestigious Lido Shores neighborhood, this parcel features amazing attributes including private beach access for Lido Shores residents, a short walk to the luxury boutiques and eateries of St. Armands Circle, and close proximity to the vibrant core of Downtown Sarasota. Endless Gulf of Mexico and sunset views, together with the potential for downtown Sarasota views and the privacy of a nature preserve on one side come together to create limitless potential. This is a chance to define your ultra-luxury lifestyle on Florida’s Gulf Coast. Adjacent parcel is also available creating unique compound or guest house options.
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| May 3, 2006 | Sold | ||
| Sold | |||
| Jun 1, 2000 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017