418 EDWARDS DRIVE
About This Property
Searching for a Sarasota home under $400,000 with NO HOA, an oversized lot, and room for your boat or RV? This refreshed 2-bedroom, 1-bath home offers 1,403 sq. ft. on an expansive .39-acre lot in Sarasota's Uplands area, west of Tamiami Trail and moments from Sarasota Bay.
Whether searching for a primary residence, Sarasota second home, investment property, or rental opportunity, 418 Edwards Drive offers flexibility that's hard to find this close to Sarasota's waterfront, cultural attractions, colleges, downtown and beaches.
Inside, original Sarasota character blends with meaningful updates. The light-filled living area features oversized windows, a wood-burning fireplace and built-in bookcase, while the open floor plan connects the living room, dining area and updated kitchen. The kitchen was remodeled in 2018 with additional lower cabinetry updated in 2026, providing plenty of storage and workspace.
A major 2026 interior refresh includes new flooring and contemporary baseboards throughout, creating a clean, move-in-ready feel. Two bedrooms are positioned along the central hallway with an updated full bathroom featuring a separate shower and bathtub.
The outdoor space is a standout. Set on approximately 17,114 sq. ft., the large fenced backyard offers room for entertaining, pets, gardening, recreational storage, a boat or RV. New fencing was installed in 2024, and a deck off the kitchen creates an inviting space for outdoor dining or relaxing. The generous homesite also offers flexibility for potential future improvements.
Enjoy mature landscaping, privacy and proximity to Sarasota Bay while remaining close to everything Sarasota has to offer.
Investors should take note. With NO HOA and a 1-month minimum lease, this property may offer an attractive opportunity for buyers exploring a Sarasota rental property, seasonal residence, second home or longer-term investment.
MAJOR UPDATES & FEATURES INCLUDE:
New flooring throughout – 2026
Updated lower kitchen cabinetry – 2026
New HVAC system – 2024
New attic insulation – 2024
New fencing – 2024
Exterior painted – 2023
Water filtration system – 2021
Nine impact-resistant hurricane windows – 2019
Rear deck – 2019
Water heater – 2018
Updated plumbing – 2018
Kitchen remodel – 2018
Updated electrical – 2017
Roof replaced – 2015
Approximately 1 minute to Sarasota-Bradenton International Airport (SRQ)
Approximately 5 minutes to New College of Florida and The Ringling Museum
Near USF Sarasota-Manatee and the Powell Crosley Estate
Approximately 10 minutes to Downtown Sarasota
Approximately 15 minutes to St. Armands Circle and Lido Beach
Convenient to University Town Center, shopping, dining, marinas and parks
For buyers searching for a West of Trail Sarasota home, Sarasota home under $400K, no-HOA property, large-lot home, investment property, second home, or home with space for a boat or RV, 418 Edwards Drive combines location, flexibility and recent improvements in a package increasingly difficult to find.
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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 8, 2026 | Price Decreased |
$389,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Aug 12, 2026 | Price Decreased |
$399,000
↓ $21K
(5%) | |
| Price Decreased | |||
| May 23, 2026 | Relisted | $420,000 | |
| Relisted | |||
| May 11, 2026 | No longer available | - | |
| No longer available | |||
| Apr 15, 2026 | Price Decreased |
$420,000
↓ $20K
(4.6%) | |
| Price Decreased | |||
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About Uplands
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017