116 VILLA DRIVE #116
About This Property
Inside, enjoy the peace of mind of all new electric, plumbing, duct work, insulation, and a high-impact garage door. High-impact windows frame water views, while the French doors in the master suite lead to the private community yard. The kitchen is a chef's dream, featuring granite countertops, soft-close cabinetry, new appliances (2022), and a kitchen exhaust vented to the outside. Bathrooms are elegantly updated with quartz countertops, lighted mirrors, and premium finishes. Unlike other units in the community, this property boasts a full-service laundry room, complete with a prep sink and custom storage cabinets. Additional highlights include a reverse osmosis water filtration system, automatic sun shade, new fans and lighting, and a cut coral accent wall in the entry.
The well-maintained AC (2019) and hot water heater (2020) ensure comfort year-round. Located in an unbeatable location, right off US-41, keeps you close to Sarasota's best restaurants, shopping, and attractions. An unparalleled value, with community boat docks available for a small monthly fee, you can cruise out to the Intracoastal with ease, with no fixed bridges separating you and the Gulf. Opportunities like this don't last - schedule your appointment today to see this rare gem before it's gone!
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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 30, 2025 | Sold | ||
| Sold | |||
| Aug 22, 2025 | In contract | - | |
| In contract | |||
| Aug 12, 2025 | Listed by PREFERRED SHORE LLC | $525,000 | |
| Listed by PREFERRED SHORE LLC | |||
| May 19, 2019 | No longer available | - | |
| No longer available | |||
| Apr 15, 2019 | Price Decreased |
$239,000
↓ $16K
(6.3%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/12/2025
|
2 Bed
|
2 Bath
|
1221 ft²
|
$525,000
2 Bed
2 Bath
1221 ft²
|
$525,000
09/30/2025
|
Marco Guadagnini
BRIGHT REALTY
| |
|
02/21/2019
|
2 Bed
|
2 Bath
|
1221 ft²
|
$269,000
2 Bed
2 Bath
1221 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017