396 BAYSHORE DRIVE
About This Property
TAKE A TWO BLOCK WALK TO HISTORIC VENICE AVENUE FEATURING BOUTIQUE SHOPPING, GOURMET DINNING, LIVE THEATRE AND ENTERTAINMENT. WALK OR GOLF CART TO PRISTINE BEACHES, GOLF COURSE, A RARE DOG BEACH, YACHT CLUB, TENNIS, PICKLEBALL, BEACH YOGA AND THE RENOWNED VENICE LIFESTYLE. RIDE YOUR BIKE ALONG THE UNIQUE LEGACY TRAIL AROUND VENICE ISLAND AND CONTINUE TO SARASOTA WITH OVER 20 MILES OF PAVED PATHWAY.
CONVENIENTLY ACCESSIBLE TO THREE INTERNATIONAL AIRPORTS (SRQ, TPA, RSW) OR TO VENICE ISLAND'S OWN PRIVATE AIRPORT. THIS IS A UNIQUE GLOBAL LIFESTYLE OPPORTUNITY. WATERFRONT PROPERTIES OF THIS CALIBER ON VENICE ISLAND ARE INCREASINGLY RARE, MAKING THIS AN IDEAL OFFERING FOR THOSE SEEKING TO LIVE AND INVEST IN ONE OF SOUTHWEST FLORIDA'S MOST DESIRABLE COASTAL COMMUNITIES.
THIS IS YOUR OPPORTUNITY TO MOVE RIGHT IN AND ENJOY YOUR OWN WATERFRONT PARADISE- WHERE LUXURY, BOATING, AND THE TIMELESS CHARM OF VENICE ISLAND COME TOGETHER.
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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 |
|---|---|---|---|
| Jun 26, 2026 | Listed by HOMESMART | $1,990,000 | |
| Listed by HOMESMART | |||
| Mar 31, 2026 | Price Decreased |
$2,350,000
↓ $149K
(6%) | |
| Price Decreased | |||
| Feb 24, 2026 | Price Decreased |
$2,499,000
↓ $251K
(9.1%) | |
| Price Decreased | |||
| Jan 21, 2026 | Price Decreased |
$2,750,000
↓ $245K
(8.2%) | |
| Price Decreased | |||
| Dec 23, 2025 | Price Decreased |
$2,995,000
↓ $105K
(3.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017