3755 WAKE AVENUE
About This Property
The home also includes a freshly painted 2-car garage, newer roof (no insurance issues here), sprinkler system, and a sparkling pool surrounded by pavers-perfect for outdoor living and entertaining. A spacious screened and paved lanai overlooks the peaceful, fully fenced, and beautifully landscaped backyard, creating a private oasis to relax and unwind. Additional highlights include two storage sheds and a separate gated side yard-ideal for boat or trailer parking.
Recent updates include a new hot water heater (October 2025). Quietly located on a dead-end street in a serene neighborhood just east of I-75, this home offers both tranquility and convenience-minutes from top-rated schools, world-class dining, shopping, golf, and Gulf Coast beaches.
This is the perfect opportunity to own a beautifully upgraded Sarasota pool home in a prime location!
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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 |
|---|---|---|---|
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Nov 21, 2025 | In contract | - | |
| In contract | |||
| Nov 15, 2025 | Price Decreased |
$444,999
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Oct 17, 2025 | Listed by MCGREGOR INTERNATIONAL REAL ESTATE CO | $449,999 | |
| Listed by MCGREGOR INTERNATIONAL REAL ESTATE CO | |||
| Jun 19, 2017 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017