2115 GROVE STREET
About This Property
Nearly every major system has been updated, providing peace of mind for the next owner. Improvements include a newer metal roof (2019), air-conditioning system, water heater, updated electrical, newer plumbing and water lines, Hardie Plank siding, newer windows and doors, LED lighting, and durable wood-grain tile flooring throughout.
The redesigned floor plan creates an open-concept living environment ideal for entertaining and everyday living. The kitchen and adjacent great room anchors the home with solid maple shaker-style cabinetry, granite countertops, newer appliances, and an extended island with seating, flowing seamlessly to the outdoors through sliding glass doors, filling the space with natural light.
A dedicated primary suite was added, featuring an oversized walk-in closet (spanning 10' x 12'), en-suite granite bathroom, and a private laundry closet. Two additional bedrooms share a beautifully updated second bath with granite counters and dual sinks, offering flexibility for guests, family, or home office use.
Outside, a generous private yard provides space to relax or entertain, complete with an open patio (2016), gazebo, newer vinyl fencing for privacy, storage shed, and ample room to add a swimming pool. The landscaped setting creates a peaceful backdrop rarely found so close to the city center.
Perfectly positioned within city limits, this home is moments from Arlington Park's community amenities, Sarasota Memorial Hospital, Southside Village, and downtown Sarasota's dining, shopping, cultural venues, and bayfront attractions. Enjoy easy access to Selby Gardens, The Bay Park, St. Armands Circle, and world-class Gulf beaches, all just a short drive away.
A move-in-ready opportunity in one of Sarasota's most established neighborhoods, this updated South Side Park home blends location, lifestyle, and long-term value.
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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 |
|---|---|---|---|
| Mar 26, 2026 | Sold | ||
| Sold | |||
| Mar 5, 2026 | In contract | - | |
| In contract | |||
| Feb 15, 2026 | Price Decreased |
$539,000
↓ $36K
(6.3%) | |
| Price Decreased | |||
| Jan 29, 2026 | Price Decreased |
$575,000
↓ $24K
(4%) | |
| Price Decreased | |||
| Jan 7, 2026 | Listed by COLDWELL BANKER REALTY | $599,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017