416 CASEY KEY ROAD
About This Property
Inside, you'll find four spacious bedrooms, each with water views, en-suite bathrooms, and walk-in closets. The primary suite features two custom closets, blackout blinds, and a luxurious bathroom with dual vanities, his-and-her showers, a soaking tub with a view, and stunning finishes. The lower level includes a game room and a spacious four-car garage with a convenient half-bath.
The open-concept main living area showcases engineered wood floors, crown molding throughout, and flows effortlessly onto a large covered balcony with an outdoor kitchen, spa, and breathtaking water views. The gourmet kitchen is outfitted with JennAir appliances, a gas fire stove, a sink with panoramic views, and quartz counters-perfect for everyday cooking or entertaining. A Control4 smart home system, integrated sound both inside and out, Luma exterior cameras, and a whole-home alarm system ensure convenience and peace of mind.
This home is designed for resilience and comfort, with hurricane-impact windows and doors, buried power lines for storm protection, a brand-new generator (installed 2024), a buried propane tank, and a seawall and boat dock that are both newly upgraded. The 35 ft private dock with all-new equipment is ideal for boaters, while the property's private beach access invites daily sunsets and strolls on the sands of the Gulf of America.
Additional highlights include a two-person elevator (950 lb capacity), three zoned A/C units (one brand new), two tankless water heaters, a well for irrigation, plantation shutters, a laundry room on the second level, and lush St. Augustine grass. The property also features a septic system and plenty of additional storage throughout.
Set in the beautiful and peaceful enclave of Casey Key, this residence offers an unrivaled coastal lifestyle just minutes from the boutiques, restaurants, and cultural amenities of both Venice and Sarasota. With direct access to boating, beach, and breathtaking scenery, this is a rare opportunity to own a truly exceptional waterfront home.
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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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Jan 13, 2026 | Price Decreased |
$3,499,000
↓ $401K
(10.3%) | |
| Price Decreased | |||
| Aug 7, 2025 | Price Decreased |
$3,899,500
↓ $51K
(1.3%) | |
| Price Decreased | |||
| Apr 15, 2025 | Listed by KONA REALTY | $3,950,000 | |
| Listed by KONA REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017