$345,000
●
House -
In Contract
1840 RITA STREET
SARASOTA, FL 34231
2 Beds
2 Baths
1,039 Ft²
$1,973
Est. Monthly
About This Property
Under contract-accepting backup offers. Virtually Staged. $30K
PRICE IMPROVEMENT – MOTIVATED SELLER! With NO HOA, major
improvements already completed, and a sought-after South Sarasota
location close to beaches and the bay, 1840 Rita Street offers
flexibility as a primary residence, seasonal getaway, or investment
opportunity.
This charming 2-bedroom, 2-bath home offers 1,039 square feet of living space and a 1-car garage, with an UPDATED KITCHEN & BATHS, a NEW ROOF (2022), and HURRICANE-RATED WINDOWS & DOORS (2023), offering added peace of mind.
Step outside to a spacious backyard with a covered deck, perfect for relaxing, entertaining, or enjoying Florida's year-round outdoor lifestyle.
Conveniently located near shopping, dining, entertainment, and everyday necessities, with the world-famous beaches of Siesta Key just a short drive away. Outdoor and water enthusiasts will love being close to Vamo Park, where you can launch a kayak and enjoy Little Sarasota Bay, with a public boat ramp also just a short drive away.
Come experience the convenience, flexibility, and lifestyle of the Vamo area!
This charming 2-bedroom, 2-bath home offers 1,039 square feet of living space and a 1-car garage, with an UPDATED KITCHEN & BATHS, a NEW ROOF (2022), and HURRICANE-RATED WINDOWS & DOORS (2023), offering added peace of mind.
Step outside to a spacious backyard with a covered deck, perfect for relaxing, entertaining, or enjoying Florida's year-round outdoor lifestyle.
Conveniently located near shopping, dining, entertainment, and everyday necessities, with the world-famous beaches of Siesta Key just a short drive away. Outdoor and water enthusiasts will love being close to Vamo Park, where you can launch a kayak and enjoy Little Sarasota Bay, with a public boat ramp also just a short drive away.
Come experience the convenience, flexibility, and lifestyle of the Vamo area!
Unit Size
1,039 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$332
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1989
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 8 hours ago (Stellar MLS #A4703660)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 11, 2026 | In contract | - | |
| In contract | |||
| Nov 7, 2026 | Price Decreased |
$345,000
↓ $30K
(8%) | |
| Price Decreased | |||
| Sep 29, 2026 | Price Decreased |
$375,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Aug 26, 2026 | Listed by COMPASS FLORIDA LLC | $385,000 | |
| Listed by COMPASS FLORIDA LLC | |||
| Oct 3, 2022 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Window Treatments
Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
Flooring Type: Tile
Laundry Features: In Garage
Rooms: 5
Exterior Details
Square Footage: 1039
Square Footage Source: $0
Architectural Style: Bungalow
Year Built: 1989
Building Area Total: 1365
Levels: One
Building Area Units: Square Feet
Construction Materials: Block, Stucco
Patio and Porch Features: Deck
Lot Size Area: 7650
Lot Size Units: Square Feet
Lot Size Acres: 0.18
Lot Size Square Feet: 7650
Lot Size Dimensions: 50 x 153
Tax Lot: 12
Water Source: Public
Financial Details
Tax Annual Amount: $3,340
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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HOA + Taxes
About Vamo
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Listed by: Ania McGinty
COMPASS FLORIDA LLC
Last Updated: 8 hours ago
Data Source: Stellar MLS, MLS# A4703660
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
COMPASS FLORIDA LLC
Last Updated: 8 hours ago
Data Source: Stellar MLS, MLS# A4703660
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017