2509 CASEY KEY ROAD
About This Property
Imagine waking up to the warm glow of the sunrise and sound of the waves gently rolling in just a mere few feet from your door on your oversized three quarter of an acre lot with 100 feet of private beachfront access. Watch the world-renowned Gulf of Mexico sunsets from your very own personal pool with unencumbered beach views.
This treasured four-bedroom, three full bath pool home was thoughtfully designed by award-winning architect Cliff Scholz. This property holds the elite status of having one of the highest elevations on all of Casey Key and was built on pilings for the utmost strength and protection. If this sprawling 3528 square foot home is not large enough for your needs the structure provides the strength and ability to build a second story.
Although the location and views of this home are the stars of the show the interior features will not disappoint. Entertain large crowds in your oversized oceanside kitchen/family room featuring sub zero, wolf and Bosch appliances, 150 bottle wine cooler, beverage bar and custom designed cabinetry with marble flooring throughout.
This split floor plan provides for the utmost privacy in your waterfront, oversized, primary bedroom with luxury ensuite bathroom featuring dual sinks, jacuzzi tub and massive walk-in closet.
With a three-car garage and a home nestled far from the road you will have plenty of parking and privacy.
Casey Key is a rare gem with no high-rise buildings and only 266 single family homes. Feel as if you are on your own private island with the vast amenities of Sarasota and Venice only a short drive away.
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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 4, 2024 | Sold | ||
| Sold | |||
| Mar 10, 2024 | In contract | - | |
| In contract | |||
| Jan 31, 2024 | Relisted | $6,500,000 | |
| Relisted | |||
| Jan 2, 2024 | In contract | - | |
| In contract | |||
| Aug 24, 2023 | Listed by COLDWELL BANKER REALTY | $6,500,000 | |
| Listed by COLDWELL BANKER REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017