1629 Siesta 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.
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 |
|---|---|---|---|
| Apr 10, 2025 | Listed | $683,000 | |
| Listed | |||
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Prime Sarasota Location – Minutes from Siesta Key!
This exquisite home presents a rare opportunity to own a piece of Sarasota’s most sought-after real estate. Nestled in a prime location, it offers the perfect blend of coastal charm and everyday convenience. Just 4 miles from the pristine shores of Siesta Key Beach, and just minutes to the lively Siesta Key Village, you’ll also be close to Lido Beach, St. Armands Circle, downtown Sarasota, and Southside Village, all brimming with upscale dining, shopping, and entertainment.
With everything you need within 10 minutes or less, including schools, Sarasota Memorial Hospital, marinas, theaters, and museums, this home is ideal for investors, vacation home or full-time residents. Even the airport is just 20 minutes away. Located in the highly sought-after Southside Elementary, Brookside Middle, and Sarasota High School districts, this home perfectly balances lifestyle and convenience. Take a leisurely bike ride to Siesta Key Village or downtown Sarasota and experience the best the city has to offer!
Step inside and fall in love with this charming and inviting home. The spacious bedrooms provide comfort and flexibility, while an updated layout allows for easy personalization. Recent upgrades include a new roof, HVAC system, and appliances (2022), ensuring durability and peace of mind. Updated bathroom sinks and plumbing fixtures add modern appeal.
A charming circular driveway not only enhances curb appeal but also offers convenient parking for up to three vehicles. The attached carport adds extra protection for your car. On the side, a painted concrete slab patio extends along the length of the home, guiding you to the spacious backyard, an inviting blank canvas ready for your personal touch and outdoor vision. Whether you envision a lush garden, a stylish outdoor entertainment area, or even a small private pool, this home offers the perfect setting. Embrace the Florida lifestyle and create your own serene retreat to enjoy year-round sunshine.
Don’t miss this incredible opportunity to own a hidden gem in Sarasota—schedule your private tour today!
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| Aug 10, 2021 | Sold | ||
| Sold | |||
| Jun 21, 2021 | Listed by MICHAEL SAUNDERS & COMPANY | $575,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Feb 5, 1999 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017