305 SPANIARDS ROAD
About This Property
A rare opportunity to create a distinctive waterfront estate in the sought-after coastal enclave of Cape Haze. This nearly cleared, estate-sized homesite encompasses approximately 0.69 acres and offers an impressive 127 feet of canal frontage - providing exceptional space for an architecturally designed residence, resort-style pool, expansive outdoor living areas and generous garaging.
With no mandatory HOA fees and no deed restrictions, the property offers valuable freedom to realize a truly personal vision. The canal connects to the Gulf Intracoastal Waterway, with routes toward Placida Harbor and Kettle Harbor, placing renowned boating, fishing and cruising waters within reach. According to current FEMA mapping, the property is not located within a designated Special Flood Hazard Area.
Surrounded by the natural beauty and understated elegance of Cape Haze, the property enjoys convenient access to upscale marinas, boat ramps, golf courses, nature preserves and waterfront dining. The celebrated beaches and island lifestyle of Boca Grande, Englewood and Manasota Key are only a short drive away.
Whether envisioned as a private seasonal retreat or a sophisticated full-time residence, this remarkable homesite combines substantial acreage, exceptional canal frontage, boating connectivity and development flexibility in one of Southwest Florida's most desirable coastal settings. (The seller resides abroad and is personally known to the listing agent.)
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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 |
|---|---|---|---|
| Oct 16, 2026 | Listed by FLORIDA HOMES REALTY & MORTGAGE GVILLE | $700,000 | |
| Listed by FLORIDA HOMES REALTY & MORTGAGE GVILLE | |||
| Mar 3, 2022 | No longer available | - | |
| No longer available | |||
| Mar 1, 2022 | Listed by ERA ADVANTAGE REALTY, INC. | $599,000 | |
| Listed by ERA ADVANTAGE REALTY, INC. | |||
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Gulf access salt waterfront lot on a nicely tree lined street of beautiful homes. Very quick access to the Lemon Bay and then the Gulf of Mexico with no bridges through Gasparilla Pass.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017