74
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286 SHAMROCK DRIVE
About This Property
Bring your vision, renovation plans, and imagination to this unique 63-year-old Southern Colonial with charming Greek Revival detailing, a private pool, and an oversized .46-acre homesite just minutes from the beach. This property is being sold AS IS and is an excellent opportunity for an investor, renovator, or buyer looking for a project with tremendous potential.
The home offers approximately 2,212 square feet of living space, four bedrooms, and four full bathrooms, including two ensuite bedrooms. The first floor features two bedrooms and three full bathrooms, while the second floor offers two additional bedrooms and a full bathroom. An exterior spiral staircase provides separate access to one of the upstairs bedrooms, creating an ideal setup for extended family, or overnight guests who appreciate additional privacy.
The property has never flooded and is located in Flood Zone X. The A/C system is approximately five years old (2021) and is reported to be in good working order. The kitchen has had some updates like Stainless steel appliances and new sink within the last 5 yrs or so. The pool pump is also working. The home will require major renovations as it needs a new roof and updated plumbing. Buyers should conduct their own inspections and due diligence to determine the scope and cost of improvements. Due to the property's condition, cash or renovation financing may be the most appropriate financing options.
Outside is where this property really begins to shine. The expansive homesite offers privacy, mature trees, plenty of room for gardening and landscaping projects, and ample space for your boat and RV. A covered outdoor entertainment pavilion with a rustic bar creates a wonderful Old Florida atmosphere and provides plenty of potential for entertaining, relaxing, or creating your own private retreat. With thoughtful landscaping and renovation, this property could become an exceptional coastal getaway.
Location is another major highlight. The home is approximately three miles from the beach and close to the Legacy Trail, an 18-mile paved trail popular for cycling, walking, and outdoor recreation. Multiple parks, tennis and basketball courts, shopping, restaurants, gas stations, golf, fishing, and other recreational opportunities are all nearby.
For boaters, the South Venice Beach Ferry and Boat Launch are just a short distance away and are available with optional membership. The nearby Manasota Key Beach boat launch also provides access toward the Intracoastal Waterway.
If you appreciate mature trees, gardening, outdoor living, and the opportunity to transform a property into something special, this could be the project you've been waiting for. With its generous lot, pool, unique architectural character, flexible bedroom and bathroom layout, and convenient coastal location, the possibilities are substantial.
This is an investor/renovation opportunity being sold AS IS. The property needs significant updating, but the location, lot, pool, character, and potential make this one worth exploring. Bring your contractor, your plans, and your vision-and give this Southern Colonial the love it deserves.
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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 |
|---|---|---|---|
| Sep 19, 2026 | Price Decreased |
$385,000
↓ $8K
(1.9%) | |
| Price Decreased | |||
| Sep 10, 2026 | Price Decreased |
$392,499
↓ $7K
(1.6%) | |
| Price Decreased | |||
| Jul 2, 2026 | Relisted | $399,000 | |
| Relisted | |||
| Jun 27, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Relisted | $450,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017