3812 Malec CIRCLE
About This Property
Discover a rare opportunity in the heart of Sarasota! This oversized lot, nearly an acre, offers endless possibilities. Nestled in a quiet, established neighborhood, you're just minutes from Siesta Key Beach and the vibrant downtown scene, with schools less than 2 miles away. The existing 4-bedroom, 2-bathroom home HAS A YEAR-OLD ROOF, AN ELECTRIC WATER HEATER THAT IS ONLY 2 YEARS OLD AND IMPACT HURRICANE SLIDERS IN THE LIVING ROOM. This home is truly a blank canvas, ready for your renovation dreams. Imagine an open floor plan, a gourmet kitchen, and stylish finishes that transform this house into a modern family haven. Or, seize the chance to build your custom dream home from the ground up. With nearly an acre at your disposal, you have the space to create the oasis you've always envisioned. No Deed Restrictions! Don't miss out on this incredible opportunity to craft your ideal lifestyle in a prime Sarasota 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 |
|---|---|---|---|
| Jan 3, 2025 | Sold | ||
| Sold | |||
| Nov 24, 2024 | In contract | - | |
| In contract | |||
| Nov 22, 2024 | Listed by COLDWELL BANKER REALTY | $500,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017