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South Sarasota 34231
3900 Red Rock WAY
$3,000,000
● Land - Off Market

3900 Red Rock WAY

SARASOTA, FL 34231
bedrooms
Studio
bathrooms
0 Bath
$6,268,925
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

Awe-inspiring one-of-a-kind estate sized mainland lot comprised of 4 platted and buildable parcels. Two are directly on Sarasota Bay with phenomenal panoramic views and 2 garden lots front onto Red Rock Way. With approximately 200' on the water, it's the perfect 2 acre setting for your dream home or to use as 2 large waterfront parcels of 100' each or to build on all 4 lots. Ancient oaks, specimen plantings and the perfect mainland location make this a rare find. This is located in the County. Possibility of 2 docks per Duncan Seawall with details on file with listing office. Individual surveys and legal descriptions are under "Attachments." Completely fenced and locked.
Unit Size
-
Days on Market
-
Land Size
2.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,519
HOA Dues
-
Year Built
2018

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 years ago (Stellar MLS #A4104969)

Price History

Date / Event Date Event Price
Nov 19, 2015 Sold
Premium
Sold
May 22, 2015 Sold
Premium
Sold

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,018
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 20,969
  • Total Building Area: 4,843
  • Gross Building Area: 4,843
  • Building Area: 3,825
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,825
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HANSENS SUB OF PART OF LOTS 1 & 7
  • Land Acres: 0000000481
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: A PORTION OF LOT A, RESUB OF W 1/2 OF LOTS 1 & 7, HANSEN SUB DESC AS COM AT NW COR OF US GOV LOT 1 OF SEC 6-37-18 TH S 89-46-01 E ALONG N LINE OF SAID SEC 6 A DISTANCE OF

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 F052 G054
  • Census Tract: 001801

Zoning

  • Zoning: RSF1

Geography

  • Account Number: 0076030025
  • Subdivision Tract Number: 186
  • Parcel: 0076-03-0025
  • Block: 1
  • Lot: 1
  • Meridian: SEC 06 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2987
  • Longitude: -82.5396

    Address

  • Full Address: 3900 Red Rock Way
  • Address - House Number: 3900
  • Address - Street Name: Red Rock
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C088
  • 4-Digit Zip Code: 3545
  • Zip Code: 34231

Valuation

    Tax

  • Total Area: 5,693
  • Tax Year: 2023
  • Tax Amount: $1,746,797
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.1754
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 3,129,428
  • High Value: 3,678,636
  • Low Value: 2,580,219

    Market Valuation

  • Market Total Value: $2,717,400
  • Market Land Value: $834,400
  • Market Improvement Value: $1,883,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,468,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 18, 2015
  • Current Sale Recording Date: Nov 19, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2015144239
  • Previous Sale Recording Date: Jun 30, 1993
  • Previous Sale Contract Date: Jun 28, 1993
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Sarasota

Stats & Trends

Median Asking:

$717,499

Sale Price/ft²

$397

Below Asking

0.04%

Average Days on Market

92

Average Home Size

2490 ft²

Average Home Age

45.4 years

Currently For Sale

46 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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STELLAR

Listed by: Kim Ogilvie
MICHAEL SAUNDERS & COMPANY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4104969
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 3900 Red Rock Way built and last sold?
The property at 3900 Red Rock Way was built in 2018 and last sold on Nov 18, 2015 for $690,000.
How much is this home worth?
The estimated value of the home located at 3900 Red Rock Way is $0.
What are some comparable homes to 3900 Red Rock Way?
There are currently no comparable homes to 3900 Red Rock Way.
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