2563 PROSPECT STREET
About This Property
SUMMARY:
Custom-Built, Newer Home: Contemporary design by David Weekley Homes in Sarasota's sought-after Arlington Park neighborhood.
Gourmet Kitchen: Features quartz countertops, custom cabinetry, and a modern layout perfect for entertaining.
Owner's Retreat on Main Floor: Spacious, private suite conveniently located on the main level.
Designer Finishes: Includes upscale lighting, ample walk-in closets, and laminate flooring throughout the foyer, family room, kitchen, and powder bath.
Move-In Ready Details: Comes with 2" faux wood blinds and a hurricane-resistant steel garage door for added safety and style.
Prime Location: Close to top-rated Sarasota schools, downtown Sarasota, Main Street, St. Armand's Circle, Van Wezel Performing Arts Hall, and more.
Beach Proximity: Just a short drive to Siesta Key and Lido beaches.
Don't miss this rare opportunity to own a modern, custom home in the heart of Sarasota!
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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 |
|---|---|---|---|
| May 22, 2025 | Sold | ||
| Sold | |||
| Apr 26, 2025 | In contract | - | |
| In contract | |||
| Apr 5, 2025 | Price Decreased |
$975,000
↓ $25K
(2.5%) | |
| Price Decreased | |||
| Mar 8, 2025 | Price Decreased |
$1,000,025
↓ $75K
(7%) | |
| Price Decreased | |||
| Jan 19, 2025 | Price Decreased |
$1,075,000
↓ $75K
(6.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017