$1,650,000
●
House -
In Contract
221 LYCHEE ROAD
NOKOMIS, FL 34275
5 Beds
3 Baths,
1
Half Bath
4,166 Ft²
$8,870
Est. Monthly
About This Property
Under contract-accepting backup offers. Gorgeous private deepwater
canal-front home with a rare double slip boathouse and seawall.
You'll be thrilled when you enter this spacious home that offers
five bedrooms, 3.5 baths plus a separate bonus/game room for a
total of 4,166 square feet under air and sits on over half an acre
lot. This home has been extensively remodeled, replumbed/re-piped,
concrete flood protection system added in 2025. All has been done
for you. Enjoy outdoor living with an inviting gazebo, expansive
deck along with a beautiful, heated saltwater lap pool. Loaded with
closets everywhere and extra storage in the oversized garage. The
fenced yard is great for pets, and the wide circular drive offers
plenty of parking for a boat or R/V. The boater will appreciate the
boathouse, and the quick access to the open water from the deep
sailboat water canal with no bridges. The home is minutes from
shopping and beaches. A one-year homeowner warranty will be
provided to buyers at closing. Visit and you will not believe your
eyes!
Unit Size
4,166 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$396
Property Type
House
Property Taxes
$768
HOA Dues
-
Year Built
1960
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 17 days ago (Stellar MLS #A4679208)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Price Decreased |
$1,650,000
↓ $100K
(5.7%) | |
| Price Decreased | |||
| Jan 20, 2026 | Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY | $1,750,000 | |
| Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY | |||
| May 13, 2025 | Price Decreased |
$1,700,000
↓ $100K
(5.6%) | |
| Price Decreased | |||
| Feb 1, 2025 | Listed | $1,800,000 | |
| Listed | |||
| | |||
|
Gorgeous private deepwater canal-front home with a rare double slip boathouse and seawall. You’ll be thrilled when you enter this spacious home that offers five bedrooms, 3.5 baths plus a separate bonus/game room for a total of 4,166 square feet under air and sits on over half an acre lot. This home has been extensively remodeled, replumbed and re-piped. All has been done for you. Enjoy outdoor living with an inviting gazebo, expansive deck along with a beautiful, heated saltwater lap pool. Loaded with closets everywhere and extra storage in the oversized garage. The fenced yard is great for pets, and the wide circular drive offers plenty of parking for a boat or R/V. The boater will appreciate quick access to the open water from the deep sailboat water canal with no bridges. The home is minutes from shopping and beaches. A one-year homeowner warranty will be provided to buyers at closing. Visit and you will not believe your eyes!
| |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Boat, Circular Driveway, Driveway, Garage Door Opener, Oversized, Ground Level
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Built-in Features, Ceiling Fan(s), Open Floorplan, Stone Counters, Walk-In Closet(s), Eating Space In Kitchen, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
Appliances: Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
Flooring Type: Hardwood, Travertine
Door Features: Sliding Doors
Laundry Features: Inside, Laundry Room
Rooms: 13
Exterior Details
Square Footage: 4166
Square Footage Source: $0
Security Features: Closed Circuit Camera(s), Security System, Security System Owned
Architectural Style: Florida, Key West
Year Built: 1960
Waterfront Features: Canal Access
Building Area Total: 4913
Levels: One
Other Structures: Boat House, Gazebo
Building Area Units: Square Feet
Construction Materials: HardiPlank Type, Wood Siding
Patio and Porch Features: Deck, Front Porch, Patio
Pool Features: Fenced, Gunite, Heated, In Ground, Lap, Salt Water, Auto Cleaner, Chlorine Free, Deck, Lighting
Pool is Private
Lot Features: Landscaped, Near Public Transit, FloodZone, Oversized Lot
Lot Size Area: 24265
Lot Size Units: Square Feet
Lot Size Acres: 0.56
Lot Size Square Feet: 24265
Water Source: Public
Financial Details
Tax Annual Amount: $9,215
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air, Zoned
Heating Type: Central, Electric, Heat Pump, Zoned
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Laurel
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Ziad Sleit
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Last Updated: 17 days ago
Data Source: Stellar MLS, MLS# A4679208
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.
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Last Updated: 17 days ago
Data Source: Stellar MLS, MLS# A4679208
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017