41 2ND STREET
About This Property
Located in the highly desirable Paradise Bay Estates, an active 55+ waterfront community on the shores of Sarasota Bay, residents enjoy an abundance of amenities and activities, including a heated pool, clubhouse, social events, live music, shuffleboard, and more. Spend your evenings watching spectacular sunsets over Longboat Key and Anna Maria Island, or simply relax and enjoy the peaceful bayfront lifestyle.
With endless potential and a premier location, this is your chance to breathe new life into a home and make it uniquely your own. Bring your ideas, your contractor, and your imagination-Paradise Bay is calling!
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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 |
|---|---|---|---|
| Sep 14, 2026 | Sold | ||
| Sold | |||
| Aug 3, 2026 | In contract | - | |
| In contract | |||
| Jun 2, 2026 | Listed by WAGNER REALTY | $67,000 | |
| Listed by WAGNER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017