1030 Sylvan DRIVE
About This Property
This waterfront haven is an exceptional opportunity to build your own private oasis, and includes the conceptual design for a 3,868 sqft 4 bed 4.5 bath dream home by premiere local Architect Dan Lear of Lear Studios. The included plan was exclusively designed to maximize the unique attributes of this building site and create a seamless marriage of indoor and outdoor living. Whether it is building new, or enhancing the existing cottage, this rare location is a must see. Truly a blend of leisure and investment potential with the allure of coastal living in one of Sarasota's most sought-after downtown neighborhoods.
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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 |
|---|---|---|---|
| Dec 21, 2023 | Sold | ||
| Sold | |||
| Dec 8, 2023 | In contract | - | |
| In contract | |||
| Nov 28, 2023 | Listed by MICHAEL SAUNDERS & COMPANY | $1,950,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Aug 9, 2023 | No longer available | - | |
| No longer available | |||
| Aug 23, 2022 | Price Decreased |
$1,899,000
↓ $51K
(2.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017