283 BAINBRIDGE DRIVE
About This Property
Step inside to discover a beautifully TURN-KEY furnished interior, where every detail has been thoughtfully curated. The open layout features a spacious bedroom and a modern bathroom with a home addition in 2016. The home boasts laminate floors and a granite kitchen counter, adding a touch of sophistication to the cozy atmosphere. Newer AC (2020), and newly installed awning-style hurricane Shutters. The updated kitchen has a completely updated bathroom with a new shower and low-profile tub.
Additional updates include- all new upgraded plumbing hardware in kitchen and bathroom, new ceiling fans, custom California closets for pantry, office/desk, golf club storage.
Behind the home, there is a concrete pad where you can set up your patio furniture and enjoy the serene views!
Kings Gate community offers a community boat ramp, community pool, and tennis courts. It is also golf cart-friendly. This home is in a great location to I-75, Nokomis Beach is only 10 minutes away where you can enjoy the daily Florida Sunsets, Sarasota Memorial Hospital is 8 minutes, and Publix is near by.
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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 |
|---|---|---|---|
| Aug 4, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| May 3, 2025 | Price Decreased |
$169,000
↓ $10K
(5.6%) | |
| Price Decreased | |||
| Jan 26, 2025 | Listed by THE SHORELINE FL REALTY LLC | $179,000 | |
| Listed by THE SHORELINE FL REALTY LLC | |||
| Oct 28, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017