2302 Hyde Park STREET
About This Property
Step inside to discover an inviting open floor plan bathed in natural light, accentuated by newly installed lighting fixtures and elegant base molding. The heart of the home is the newly renovated chef's kitchen, featuring stunning stone countertops that perfectly complement the sleek new cabinets, spacious island, and convenient wine refrigerator.
The warmth of the newly laid wood floors extends throughout the bedrooms, family room, and living areas, creating an atmosphere of timeless elegance. Both bathrooms have been completely redesigned with modern touches. The first bathroom features new tiles and a luxurious tub, perfect for unwinding after a long day. The second bathroom showcases a sleek shower design, offering convenience and sophistication.
Outside, the newly landscaped backyard offers ample space for relaxation and entertainment, with the potential for a pool installation that could yield up to $100K in EARNINGS through short term renting. Situated within the city limits of Sarasota, this property allows for a minimum lease period of just one week, providing flexibility for homeowners and renters alike (see Proforma attached).
Notable upgrades include a newer roof, along with NEW updates to the sewer, PEX plumbing, A/C, and electric panel, ensuring both comfort and peace of mind for years to come.
In addition to its desirable location near Siesta Key Beach and just minutes to Downtown Sarasota. This home is also within the catchment area of one of the most esteemed elementary schools in the state of Florida as well as walking distance to Sarasota Memorial Hospital just 2 blocks away. This, combined with the proximity to A+ schools, Arlington Park, and Lido Key, makes it an ideal choice for families seeking the ultimate coastal lifestyle paired with top-tier education.
Don't miss out on this opportunity to experience modern coastal living at its finest in this impeccably upgraded Sarasota residence. Schedule your viewing today and make this your new Florida dream home!
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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 |
|---|---|---|---|
| Jul 3, 2024 | Sold | ||
| Sold | |||
| Jun 6, 2024 | In contract | - | |
| In contract | |||
| May 7, 2024 | Price Decreased |
$718,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| Apr 25, 2024 | Price Decreased |
$719,000
↓ $500
(0.1%) | |
| Price Decreased | |||
| Apr 12, 2024 | Relisted | $719,500 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017