1611 Pine Bay DRIVE
About This Property
lights and dining room with a wall of windows overlooking the landscaped, lighted front yard. The kitchen is a chef's dream, featuring a generously sized island bar with ample space for meal preparation, abundant storage and a walk-in pantry. An adjoining breakfast room with screened French doors to the patio is perfect for enjoying your morning coffee while soaking in tranquil pool and garden views amid
the soothing sounds of the pool fountains. The master suite is a true sanctuary, with a library/study/TV room where you can unwind and escape with your favorite books or shows. The en-suite bathroom boasts a luxurious jetted shower with a seat, perfect for relaxing after a long day, and a large walk-in closet ensures ample room for all your belongings. The den, with built-ins, canned lights and a skylight, offers a tranquil refuge for work or relaxation, and the light-filled sunroom provides a delightful spot for relishing the serene surroundings.
Savor alfresco dining or lounging in the shade on the private patio, which includes an electric louvered ceiling and professional landscaping with lighting. The heated pool, complete with fountains and built-in benches with jets, promises hours of enjoyment for relaxation and recreation. You will have plenty of space for your beach toys and tools in the two-car garage, which has abundant professionally installed
overhead storage. This wonderful home's exceptional location is close to top-rated schools, beautiful beaches, downtown Sarasota, area shopping and an array of restaurants, providing the utmost convenience and a vibrant lifestyle. Don't miss this rare opportunity to own a meticulously updated home in one of Sarasota's most desirable neighborhoods. Contact us today to schedule a private tour and discover the endless possibilities that await you at this phenomenal address! Seller has signed contract for a new roof.
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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 |
|---|---|---|---|
| Sep 19, 2023 | Sold | ||
| Sold | |||
| Aug 1, 2023 | Listed by MICHAEL SAUNDERS & COMPANY | $1,500,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Apr 28, 2021 | Sold | ||
| Sold | |||
| Mar 10, 2021 | No longer available | - | |
| No longer available | |||
| Feb 4, 2021 | Listed by MICHAEL SAUNDERS & COMPANY | $935,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
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About Johnson Estates South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017