223 LANCER DRIVE
About This Property
Bright and well-maintained home in the active 55+ gated community of Kingsgate Park. Offering 667 sq. ft. of comfortable living space including A/C raised lanai, this 1-bedroom, 1-bathroom home features a raised lanai, providing additional living space to relax and enjoy the Florida lifestyle. The home is fully furnished, making it a perfect choice for a seasonal retreat or a full-time residence.
Recent Upgrades for Comfort & Efficiency. This home has been thoughtfully updated, featuring a newer roof (2022) for durability, a well-maintained A/C system (2018) to keep you cool, and a brand-new washer and dryer (2023) for added convenience. The long driveway provides ample parking for two vehicles.
Resort-Style Amenities & Low HOA Fees. Kingsgate Park offers an active and friendly community with amenities including a community pool, clubhouse, fitness center, tennis courts, pickleball, bocce, shuffleboard, and a private boat ramp with a kayak launch. The low HOA fee includes water, sewer, internet, trash, and grounds maintenance, ensuring a hassle-free lifestyle.
Prime Location – Minutes to Beaches & Downtown. Conveniently located just 4 miles from Nokomis Beach and Downtown Venice, this home provides easy access to beautiful Gulf beaches, shopping, dining, and entertainment. Sarasota Memorial Hospital's Venice campus is only 2.5 miles away, and outdoor enthusiasts will love the Legacy Trail and Oscar Scherer State Park for biking, walking, and nature exploration.
This move-in-ready home offers the perfect blend of comfort, modern updates, and a vibrant community in an excellent location. Schedule your private showing today!
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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 |
|---|---|---|---|
| Nov 12, 2025 | Sold | ||
| Sold | |||
| Oct 11, 2025 | In contract | - | |
| In contract | |||
| Aug 2, 2025 | Price Decreased |
$115,000
↓ $22K
(16.1%) | |
| Price Decreased | |||
| May 8, 2025 | Price Decreased |
$137,000
↓ $3K
(2.1%) | |
| Price Decreased | |||
| Apr 11, 2025 | Price Decreased |
$139,900
↓ $5K
(3.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017