25
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1340 HARBOR DRIVE
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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 |
|---|---|---|---|
| Jan 27, 2026 | Listed by MICHAEL SAUNDERS & COMPANY | $10,995,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Mar 4, 2025 | In contract | - | |
| In contract | |||
| Feb 4, 2025 | Price Decreased |
$4,475,000
↓ $500K
(10.1%) | |
| Price Decreased | |||
| Dec 5, 2024 | Listed by PREMIER SOTHEBYS INTL REALTY | $4,975,000 | |
| Listed by PREMIER SOTHEBYS INTL REALTY | |||
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Harbor Acres one-third-acre waterfront property on the widest part of the neighborhood's deep-water harbor on Sarasota Bay. The views are spectacular! Photos 3, 4 and 5 show the views from 18, 35 and 41 feet which correspond to the views from a home built on this property. Boaters will love the location on a protected, sailboat water basin with no bridges to the Gulf of Mexico. Newer boat dock and boat lifts accommodate up to 15,000-pound boat plust two recreational water craft, making access to Sarasota's waterways and the gulf super easy. Of all Sarasota’s great neighborhoods, Harbor Acres is considered one of the best — best location, best waterfront, best appreciation, best pedigree, best neighbors. Residents love being part of the close-knit community & being so close to Downtown Sarasota and in-town amenities. The convenient, in-town location is just half a mile from Sarasota Memorial Hospital and Southside Village, one mile from downtown Sarasota, and four miles from St. Armands Circle and Lido Beach. This property is being sold as is at land value, as the home experienced flood damage. Get your building team together to create the home of your dreams in Harbor Acres — the perfect address for your Sarasota luxury lifestyle.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017