3226 BAILEY STREET
About This Property
This charming 3-bedroom, 1-bath residence sits in a quiet neighborhood ideal for full-time living, seasonal use, or investment. Major updates have already been completed, giving buyers peace of mind and reducing future expenses. The home has been re-plumbed and features a newer roof, along with updated flooring and modern appliances installed within the past couple of years. There is a HUGE back yard, plenty of room for a pool or pets.
The location is truly a standout - enjoy quick access to Downtown Sarasota's restaurants, shopping, arts scene, and bayfront parks, plus easy drives to Lido Key and Siesta Key beaches. Whether you're looking for a primary residence, winter getaway, or rental property near one of Sarasota's major attractions, this home checks all the boxes.
Affordable, updated, and centrally located - opportunities like this in Sarasota don't last long.
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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 |
|---|---|---|---|
| Mar 20, 2026 | Sold | ||
| Sold | |||
| Feb 16, 2026 | In contract | - | |
| In contract | |||
| Feb 12, 2026 | Listed by EXP REALTY LLC | $269,000 | |
| Listed by EXP REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017