188 Dory LANE
About This Property
The primary suite has an updated bath with large tiled walk-in shower, double vanities, wood cabinets, and granite counters. Large walk-in closet and sliders to pool. Two generous size additional bedrooms, one with built in murphy bed and custom built in desk area.
New pavers accent the sparkling resurfaced pool. A large covered screened lanai provides a wonderful place to welcome your guests for entertaining.
Large two car garage w/ built in cabinets. Lush tropical landscaping.
7-acre marina accommodating up to 55' sails to power boats. A newly renovated 10,000 sq ft clubhouse with ballroom & catering kitchen, fitness center, card room, library, heated pool, 3 tennis courts, 4 pickle ball courts, 2 shuffleboard courts, a bocce court, playground, waterfront park, & kayak storage with over 5 miles of walking trails.
On site management.
Truly a boater's paradise. Come live your dream in one of Sarasota's best communities.
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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 |
|---|---|---|---|
| Apr 26, 2024 | Sold | ||
| Sold | |||
| Apr 8, 2024 | In contract | - | |
| In contract | |||
| Apr 5, 2024 | Price Decreased |
$799,000
↓ $16K
(2%) | |
| Price Decreased | |||
| Mar 26, 2024 | Price Decreased |
$815,000
↓ $34K
(4%) | |
| Price Decreased | |||
| Mar 11, 2024 | Listed by MICHAEL SAUNDERS & COMPANY | $849,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017