2132 HYDE PARK CIRCLE
About This Property
The open-concept layout features dual living areas that seamlessly flow into a fully renovated kitchen with quartz countertops, upgraded two tone cabinetry, updated appliances, and modern lighting ideal for both everyday living and entertaining. The main living room is anchored by a beautiful fireplace, adding warmth and character to the space, while a built-in multi-television entertainment area opens directly to a private outdoor patio surrounded by lush landscaping and rear cedar privacy fencing, creating a serene retreat.
Recent upgrades include hurricane rated PGT windows with dark-out shades, updated AC, hardwood flooring, luxury vinyl plank, tile, new carpet in the bedrooms, refreshed trim and fixtures, stone veneer and stucco accents, a privacy doorbell entry, and a whole-home water filtration system. The single car garage features newly installed epoxy flooring and includes a washer and dryer for added convenience.
Enhancing the outdoor living experience, all palm trees and custom landscape lighting were added in June 2023, elevating both curb appeal and evening ambiance. The spacious backyard offers excellent potential for future enhancements, including the option to install a pool further increasing enjoyment and long term value. With the addition of a pool, this property has the potential to generate up to $84,000 every year in gross rental revenue, making it an attractive opportunity for investors as well.
Centrally located just minutes from downtown Sarasota, this home is close to Arlington Neighborhood Park, public tennis courts, and the Arlington Park Recreation Center with swimming pool. Enjoy easy access to Sarasota's top dining, shopping, arts, and entertainment, with world famous Siesta Key Beach just 12–14 minutes away.
With its prime location, modern upgrades, and flexible outdoor space, this property presents an exceptional opportunity whether as a primary residence, second home, or high-performing investment in the heart of Sarasota.
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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 |
|---|---|---|---|
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Feb 24, 2026 | Price Decreased |
$699,500
↓ $20K
(2.8%) | |
| Price Decreased | |||
| Jan 22, 2026 | Price Decreased |
$719,300
↓ $20K
(2.7%) | |
| Price Decreased | |||
| Dec 6, 2025 | Listed by KELLER WILLIAMS ON THE WATER S | $739,500 | |
| Listed by KELLER WILLIAMS ON THE WATER S | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017