11
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408 TORTUGA DRIVE
About This Property
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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 |
|---|---|---|---|
| Nov 13, 2026 | Relisted | $699,999 | |
| Relisted | |||
| Nov 9, 2026 | No longer available | - | |
| No longer available | |||
| Jun 24, 2026 | Listed by SAVVY AVENUE, LLC | $699,999 | |
| Listed by SAVVY AVENUE, LLC | |||
| Jun 20, 2025 | Listed | $789,000 | |
| Listed | |||
| | |||
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Why settle for builder-grade when you can own this newly remodeled 2,310 sq. ft. coastal gem with over $150,000 in premium improvements—just minutes from the beach? Welcome to your slice of paradise in the coveted community of Sorrento Cay—where charm meets convenience and luxury meets value. This MOVE-IN READY 3-bedroom, 2.5-bath home is nestled on a prime corner lot west of Hwy 41, offering a lifestyle that new construction simply can't match—with no CDD fees and every detail already perfected.
KEY HIGHLIGHTS:
***Location, Location, Location: Just 8 minutes to Nokomis Beach, 5 minutes to Oscar Scherer State Park, 7 minutes to Pine View School, and within minutes of dining, shopping, and public boat ramps.
***Hurricane-Ready: Updated impact-resistant windows and sliders.
***Mechanical Upgrades: Updated A/C, whole-house duct cleaning, heavy-duty water heater, and pre-plumbed for a generator.
***Interior Elegance: Coastal tile flooring throughout, fresh paint, 5" baseboards, new fixtures, vanities, stone countertops, lighting, and ceiling fans.
***Chef’s Kitchen: High-end appliances including a Bosch dishwasher, chef-style 6-burner stove, large refrigerator, and stunning stone counters.
***Primary Suite: Spacious suite featuring a remodeled bathroom with dual vanities, stone countertops, LED luxury mirror, walk-in shower, and soaking tub.
***Smart Layout: Split floor plan with two additional remodeled bedrooms and baths on the opposite side of the home. Large living and dining areas, soaring high ceilings, 8' doorways throughout, ample storage, and a flex room perfect for an office.
***Entertainer’s Dream: 470 sq. ft. lanai with an outdoor kitchen featuring an Alfresco grill, 2-burner stove, sink, and mini refrigerator.
***Curb Appeal: Custom new entry gate, walkway, landscaping, water fountain, and stone mulch.
This home offers unmatched value in one of Nokomis’s most desirable neighborhoods. Whether you're seeking a full-time residence or a vacation retreat, this low-maintenance property delivers the Florida lifestyle you've been dreaming of—without high CDD fees. Schedule your private showing today.
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| Sep 1, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017