114 LAKEVIEW DRIVE
About This Property
Originally built as a 2-bedroom, 2-bath home, the interior is currently configured as two separate living areas. The main portion offers one bedroom and one bath, while an attached but separately accessed space includes an additional bedroom, bath and kitchen. Buyers looking for a project will find plenty of opportunity to rethink the layout and create something uniquely their own.
The real standout is the combination of lot size and location. With approximately one-third of an acre, there's room to think beyond the existing footprint and imagine what this property could become. All of this is tucked into an established Nokomis setting just minutes from Gulf beaches, shopping, dining, everyday conveniences and everything along the Tamiami Trail corridor.
This is not a turnkey home - it's an opportunity. Renovate it, reconfigure it or explore a larger vision for the property. For the buyer who can see beyond what is here today, 114 Lakeview Drive offers a compelling chance to create something special in one of Southwest Florida's classic coastal communities.
Property is being sold in its current condition. Buyers should independently verify current configuration, permitted uses, zoning and any renovation or redevelopment possibilities with the appropriate governmental authorities.
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Cap Rate Calculator
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 18, 2026 | Sold | ||
| Sold | |||
| Aug 21, 2026 | In contract | - | |
| In contract | |||
| Aug 17, 2026 | Listed by COLDWELL BANKER SARASOTA CENT. | $249,900 | |
| Listed by COLDWELL BANKER SARASOTA CENT. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017