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3440 CHAPEL DRIVE
About This Property
Welcome to this inviting and well-maintained 3-bedroom, 2-bathroom home perfectly positioned in one of Sarasota's most desirable neighborhoods. Tucked away on a peaceful cul-de-sac, this residence offers the ideal combination of comfort, privacy, and convenience.
Inside, you'll find a bright open-concept floor plan designed for both everyday living and effortless entertaining. The spacious layout creates a warm and welcoming atmosphere with seamless flow between the living, dining, and kitchen areas.
Step outside to enjoy your fully fenced backyard - perfect for pets, play, gardening, or simply relaxing in your own private outdoor retreat. The expansive 30-foot patio provides plenty of space for outdoor dining, entertaining guests, or enjoying Florida's beautiful year-round weather.
Major updates provide peace of mind, including:
• Newer roof (2022)
• Newer HVAC system (2022)
• Newly sodded backyard (2026)
New Vinyl Fence (2025)
Location is everything, and this home delivers exceptional access to some of Sarasota's most popular destinations. Just minutes away you'll find:
• Sarasota's renowned museum campus
• Sarasota-Bradenton International Airport (SRQ)
• Downtown Sarasota
• Beautiful Gulf beaches
• Local colleges and universities
• Dining, shopping, arts, and entertainment
Whether you're searching for a full-time residence, seasonal getaway, or investment opportunity, this property offers outstanding potential in an unbeatable location.
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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 |
|---|---|---|---|
| Sep 22, 2026 | Sold | ||
| Sold | |||
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Aug 12, 2026 | Price Decreased |
$415,000
↓ $14K
(3.3%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$429,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jul 22, 2026 | Price Decreased |
$439,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017