1042 N CASEY KEY ROAD
About This Property
Meticulously updated over time, the home includes a metal roof, two new HVAC systems, PGT impact windows, re-piping, new dock, and much more...offering peace of mind while preserving its character. With no storm damage and move-in-ready condition, the opportunity to begin enjoying the waterfront lifestyle is immediate. Ideally located just 15 miles south of downtown Sarasota and moments from Pine View School, shopping centers, nature parks, and the Legacy Trail, this property offers a unique balance of privacy and accessibility. A truly special home, thoughtfully cared for and ready for its next chapter...where generations can gather, relax, and create lasting memories.
Private tours available available with notice.
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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%.
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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.
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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 12, 2025 | Listed by COLDWELL BANKER REALTY | $3,750,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| May 5, 2025 | Listed | $3,750,000 | |
| Listed | |||
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EXCEPTIONAL WATERFRONT RESIDENCE on the exclusive island of North Casey Key is a rare opportunity to own a piece of coastal Florida. Nestled in the sought-after Palmer neighborhood, this home has been lovingly maintained by the same discerning owners since 1999—a testament to the pride, care, and attention poured into every detail over the years. Set on an expansive 0.68-acre lot with 131 feet of Sarasota Bay frontage with two deeded private beach access points, the property is enveloped in lush tropical landscaping and exudes timeless Old Florida charm. The interior showcases a traditional layout with formal living and dining rooms, a spacious family room, private office, bonus room, a serene first-floor master suite, and three additional guest bedrooms. Designed for both everyday comfort and gracious entertaining, the home also features a screened-in pool and a covered boathouse accommodating vessels over 25 feet. Enjoy captivating views of the bay with breathtaking sunrises and sunsets from your own backyard oasis. Meticulously updated over time, the home includes a metal roof, 2 News AC's, PGT impact windows, a steam room, re-piping, and more—all reflecting the owners’ commitment to quality and preservation. Located just 15 miles south of downtown Sarasota and moments to Pineview (#1 Ranked School in Florida), nature parks, the Legacy Trail, this property blends unmatched privacy with access to world-class amenities. A truly special home....ready to begin its next chapter.
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| Jul 2, 1999 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017