Absolute stunner and an exceptional value. This fully remodeled
(2025) 3-bedroom, 2-bath, 2-car garage home in The Meadows offers
2,205 sq. ft. of beautifully updated living space on just under a
1/3 of an acre (0.30-acre) lot. The property features an open,
split-bedroom floor plan with 10-foot ceilings and a soaring
cathedral ceiling in the great room. The brand-new kitchen includes
stainless steel appliances, quartz countertops, new cabinetry, and
updated lighting. Both bathrooms have been fully renovated with new
tile, faucets, finishes, and fixtures. Additional upgrades include
new laminate wood flooring throughout and fresh interior paint. The
home offers a large living room with a fireplace, a formal dining
room, and a spacious primary suite with an oversized walk-in
closet, dual sinks, a large walk-in shower, and a stand-alone
soaking tub. A 252 sq. ft. air-conditioned Florida room, a generous
utility room with a sink, and an oversized garage provide added
versatility and convenience. Enjoy a maintenance-free lifestyle
with an HOA that covers landscaping, lawn care, irrigation, power
washing, tree trimming, and exterior paint. The property is located
in Flood Zone X, meaning flood insurance is not required-an
excellent advantage for buyers. The Meadows is a highly
sought-after, park-like community featuring extensive amenities,
including social activities, miles of nature trails, three golf
courses, 15 lighted tennis courts, pickleball and basketball
courts, a new Lifestyle and Wellness Center, a Jr. Olympic pool and
spa, and protected nature preserves. A professional, 24-hour
vehicle-based security patrol provides added peace of mind. Ideally
situated just minutes from the University Town Center Mall,
boutique shopping and dining, Nathan Benderson Park, downtown
Sarasota, and world-class Gulf beaches.
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.
One or more photo(s) has been virtually staged. BACK ON MARKET DUE TO BUYER FINANCING ISSUE. This is currently the lowest priced single family home in The Meadows! A perfect blend of the privacy of a single-family home also offering a conveniently maintenance-free lifestyle in this 3 bedroom, 2 bathroom home in The Meadows. This bright and cheerful property is located in the sought-after and rarely available neighborhood of Sandringham Place. Nestled on a private cul-de-sac, lovingly and meticulously maintained by the original owners, this residence welcomes you with a light-filled foyer drawing you into the great room. A wood-burning fireplace for those few cool evenings provides a warm and cozy ambiance. This luminous space offers 10 foot ceilings as well as a cathedral ceiling in the great room. Step through the sliders to the expansive lanai with glass sliders showcasing vistas of manicured fairways and mature oaks festooned with Spanish moss. Plenty of room is available for al fresco dining and soaking in the sunsets year round in this air conditioned lanai. The kitchen includes a generous dining area and is adjacent to the dining room for ease of entertaining. The spacious primary ensuite bedroom has sliders to the lanai and a large walk-in closet. The ensuite primary bathroom features dual sinks, separate walk in shower and spa soaking tub. The split plan allows the guest rooms to give privacy down a hallway with a guest bathroom. A large interior utility room with washer/dryer and laundry sink has extra storage space. New tile roof 2014. Two car garage with water heater 2020, HVAC 2016 with new UV light 2019. The landscaping, lawn maintenance, irrigation, power washing, tree trimming, and exterior paint are covered by the HOA. Perfect for full-time living or a great winter retreat for snow birds. The Meadows is a vibrant community in a wooded park-like setting abundant with social activities, parks, nature trails, 3 golf courses, 15 lighted Har-Tru tennis courts, pickle ball and basketball courts, new Lifestyle and Wellness Center, Jr. Olympic pool and spa, and nature preserves. Outdoor living at its finest! Security is provided by a professional, vehicle-based Safety Patrol for 24 hour peace of mind. Minutes from University Town Center Mall for boutique shopping and dining, Nathan Benderson Park for unlimited water and outdoor recreation, close to downtown Sarasota for art, culture and dining, just 30 minutes to the pristine, world-class beaches of The Gulf of Mexico on Lido and Siesta Key.
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