55
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3681 DIVOT LANE
About This Property
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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%.
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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 9, 2026 | Price Decreased |
$499,900
↓ $25K
(4.8%) | |
| Price Decreased | |||
| Jul 16, 2026 | Listed by MICHAEL SAUNDERS & COMPANY | $524,900 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Aug 2, 2025 | Price Decreased |
$525,000
↓ $4K
(0.8%) | |
| Price Decreased | |||
| Jun 13, 2025 | Listed | $529,000 | |
| Listed | |||
| | |||
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Welcome to this highly sought-after Captiva Model, ideally positioned directly across from the community pool and dog park in one of Sarasota’s most centrally located and gated maintenance-free communities.
This single-level home offers a well-designed open floorplan that blends the kitchen, dining, and living areas seamlessly with an extended screened lanai—perfect for entertaining or relaxing in Florida’s beautiful weather. The enhanced kitchen features solid wood cabinetry with 42” uppers, granite countertops, a glass tile backsplash, stainless steel appliances, a solid-surface cooktop, and a built-in wall oven and microwave—ideal for any home chef.
The spacious primary suite includes a tray ceiling and 8-foot sliding glass doors leading to the lanai. The oversized primary bath boasts a double vanity with undermount sinks, a linen station for ample storage, and a large custom walk-in closet. The secondary bedroom also features built-in custom shelving, while the den or home office offers flexibility for remote work or hobbies.
Additional upgrades and features include:
• New roof (2023)
• New HVAC system (2024)
• New water heater (2025)
• 17" ceramic tile throughout
• 8-foot interior doors, crown molding, and custom plantation shutters—including on sliding glass doors
• Whole-home water softener system with reverse osmosis for purified kitchen water and ice
The Enclave at Forest Lakes offers two gated entrances and resort-style amenities, including a geothermal heated pool, covered outdoor lounge with BBQ, and a fenced dog park—all designed to enrich your lifestyle.
Situated in a prime Sarasota location, this home places you minutes from The Legacy Trail, downtown Sarasota, top-rated dining, shopping, and world-renowned beaches. Cultural institutions, entertainment, and leading healthcare are all just around the corner.
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| Jul 6, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017