3803 HAWK ISLAND DRIVE
About This Property
Designed around the water, the home features expansive living spaces, high ceilings, and large windows that keep the canal views connected to everyday living. The floor plan provides the scale expected in a luxury waterfront residence while maintaining a comfortable flow between gathering areas, private spaces, and outdoor living.
The kitchen anchors the home and opens naturally to the surrounding living and dining areas, creating a layout that works equally well for entertaining and daily life. Throughout the residence, generous room sizes and flexible living spaces allow for a variety of uses, including dedicated office space, fitness areas, media rooms, or additional guest accommodations.
Outdoor living plays a central role in the property. Multiple covered lanais, open-air terraces, a pool and spa, dedicated pool bath, and private dockage create a setting built around Florida's year-round waterfront lifestyle. Updated boat and jet ski lifts provide immediate access to the water, while the protected canal location offers convenient boating access without sacrificing privacy.
The primary suite serves as a private retreat overlooking the water and is complemented by a fully renovated bath designed with clean finishes and modern functionality. Additional guest suites are thoughtfully separated throughout the home, providing comfort and privacy for family and visitors alike.
Mature tropical landscaping, substantial garage space, and an expansive driveway approach contribute to the property's sense of privacy and arrival. The setting offers the security of a gated community while remaining close to the destinations that define Gulf Coast living.
Located minutes from Anna Maria Island, downtown Sarasota, Lakewood Ranch, private clubs, championship golf, waterfront dining, and Gulf beaches, 3803 Hawk Island Drive combines deep-water boating access, meaningful recent improvements, and estate-scale waterfront living within one of the region's most established luxury boating communities.
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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.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017