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3871 ALAMANDA DRIVE
About This Property
Inside, the home features engineered bamboo flooring with high-grade underlayment, adding warmth and durability throughout the main living areas. The tiled kitchen is appointed with stainless steel appliances, granite countertops, and a conveniently located washer/dryer closet. The enclosed lanai provides versatile bonus space ideal for a home office, den, or home gym. Other Upgrades include HVAC & Hot Water Heater (2023), Garage Door (2024)
Located in a highly sought-after community just minutes from restaurants, shopping, grocery stores, golf courses, and pristine beaches, with a short drive to downtown Sarasota's renowned theaters, arts, and cultural venues.
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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 |
|---|---|---|---|
| Jul 1, 2026 | Sold | ||
| Sold | |||
| May 6, 2026 | In contract | - | |
| In contract | |||
| Apr 25, 2026 | Price Decreased |
$410,000
↓ $25K
(5.8%) | |
| Price Decreased | |||
| Feb 28, 2026 | Price Decreased |
$435,000
↓ $14K
(3.1%) | |
| Price Decreased | |||
| Jan 16, 2026 | Listed by ROSEBAY INTERNATIONAL REALTY, INC | $449,000 | |
| Listed by ROSEBAY INTERNATIONAL REALTY, INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017