2825 PINECREST STREET
About This Property
Inside, you'll find an open-concept living space flooded with natural light, featuring luxury vinyl plank flooring, recessed lighting, and hurricane-rated windows throughout. The sleek kitchen offers an oversized pantry and flows seamlessly into both the dining area and living spaces. The primary suite is generously sized with a walk-in closet and an updated en-suite bathroom. Three additional bedrooms offer versatility for guests, work-from-home needs, or growing families. Nearly every major system has been upgraded, including a new roof, new electrical and plumbing, new AC and water heater, and a new garage door-making this a true turn-key opportunity. Step outside into a fully fenced backyard with room for a pool, shaded lounging areas, or weekend gatherings. There's also a large, detached shed for extra storage or hobby space. Best of all, you're just minutes from top-rated schools, downtown Sarasota, and world-famous Siesta Key Beach. Optional membership to the South Gate Community Center and pool adds to the neighborhood's appeal.
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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 |
|---|---|---|---|
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Jul 18, 2025 | In contract | - | |
| In contract | |||
| May 16, 2025 | Listed by MICHAEL SAUNDERS & COMPANY | $740,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Jun 24, 2023 | No longer available | - | |
| No longer available | |||
| Jun 12, 2023 | Price Decreased |
$775,000
↓ $15K
(1.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017