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405 ESTIL DRIVE N
About This Property
The property sits on a saltwater, boatable canal and is ready for a custom home. With no HOA and no CDD, buyers have the freedom to choose their own builder and build on their own timeline.
A 4' x 20' composite dock with a 6,000-lb boat lift is already in place, with room to expand. From your backyard, enjoy quick boating access to the Gulf of Mexico via the Albee Road Bridge, offering approximately 7 to 9 feet of clearance depending on tide. Prefer a slower pace? Launch a kayak or paddleboard and enjoy the peaceful canal system that defines this established Nokomis neighborhood.
Conveniently located between Venice and Sarasota, the property offers easy access to shopping, dining, and everyday necessities while remaining removed from heavy traffic. Nokomis Beach and Casey Key are just minutes away, making it easy to enjoy beach walks, swimming, cycling, and time on the water.
Nearby local favorites include Nokomis Sunset Hut, Pop's Sunset Grill, and Cafe Evergreen, adding to the relaxed coastal lifestyle this area is known for.
This waterfront homesite offers privacy, flexibility, and access to the best of Gulf Coast living in one of Nokomis' most sought-after settings.
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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 19, 2026 | Listed by CATALIST REALTY LLC | $389,000 | |
| Listed by CATALIST REALTY LLC | |||
| Apr 16, 2023 | No longer available | - | |
| No longer available | |||
| Sep 23, 2022 | Price Decreased |
$349,990
↓ $25K
(6.7%) | |
| Price Decreased | |||
| Aug 12, 2022 | Listed by Coldwell Banker | $375,000 | |
| Listed by Coldwell Banker | |||
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Dreaming of a waterfront home, that meets all the criteria required by your active boating lifestyle? Build it on this oversized waterfront lot on a saltwater boatable canal west of the trail. From the 4’ x 20’ composite dock with a 6,000-pound lift you can be in the Gulf of Mexico by boat in 15 minutes or less. Or explore all the nature and tropical beauty of canals that meander through the area from a kayak or paddle boat. Ideally situated in Nokomis, there are no HOA or CDD fees, and no time constraints on when you build. Choose the builder and timing that suits the creation of your dream home. The location could not be better. A short drive takes you to the charming center of Venice in one direction, and the vibrant downtown of Sarasota in the other. Take advantage of the nearby beaches, shopping and dining venues, and recreational and cultural options these locales offer. Don’t let this opportunity to create your own, unique Paradise on the Gulf Coast of Florida, pass you by!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017