35
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$490,000
●
House -
For Sale
420 MELODY CIRCLE
SARASOTA, FL 34237
4 Beds
2 Baths
1,416 Ft²
$2,529
Est. Monthly
About This Property
Virtually Staged. This property offers an excellent opportunity to
create your dream home just minutes from Downtown Sarasota or
transform it into a great investment property for Airbnb or
long-term rental income.
The home has been completely renovated and is move-in ready, just waiting for its new owner to call this beautiful property home. It features a desirable bedroom layout and a large, private yard with plenty of space for outdoor living and entertaining. Major updates include a roof installed in 2022 and A/C installed in 2018.
Don't miss this fantastic opportunity to own a beautifully renovated home in a convenient Sarasota location!
The home has been completely renovated and is move-in ready, just waiting for its new owner to call this beautiful property home. It features a desirable bedroom layout and a large, private yard with plenty of space for outdoor living and entertaining. Major updates include a roof installed in 2022 and A/C installed in 2018.
Don't miss this fantastic opportunity to own a beautifully renovated home in a convenient Sarasota location!
Unit Size
1,416 Ft²
Days on Market
28 days
Land Size
0.20 acres
Price per sqft
$346
Property Type
House
Property Taxes
$123
HOA Dues
-
Year Built
1974
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 27 days ago (Stellar MLS #A4704470)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2026 | Listed by PREFERRED SHORE LLC | $490,000 | |
| Listed by PREFERRED SHORE LLC | |||
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Oct 16, 2025 | In contract | - | |
| In contract | |||
| Oct 2, 2025 | Listed by KELLER WILLIAMS ON THE WATER S | $250,000 | |
| Listed by KELLER WILLIAMS ON THE WATER S | |||
| | |||
|
One of the closest single family homes to downtown Sarasota under $250,000. Make this the perfect home to get downtown, or update for a great investment as an AirBNB or long term rental. Nice bedroom layout, large yard with privacy. Needs some TLC, roof installed 2022, and AC installed in 2018. Needs clean out and a lot of work, but otherwise it has good bones. Seller requests that all buyers see the property before making an offer.
| |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Tray Ceiling(s), Walk-In Closet(s)
Appliances: Range, Refrigerator
Flooring Type: Ceramic Tile
Door Features: Sliding Doors
Laundry Features: Inside
Rooms: 5
Exterior Details
Square Footage: 1416
Square Footage Source: $0
Year Built: 1974
Building Area Total: 2110
Levels: One
Building Area Units: Square Feet
Construction Materials: Concrete
Lot Size Area: 8771
Lot Size Units: Square Feet
Lot Size Acres: 0.2
Lot Size Square Feet: 8771
Tax Lot: 11
Water Source: Public
Financial Details
Tax Annual Amount: $1,475
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About San Souci South
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Listed by: Kenia Rivas
PREFERRED SHORE LLC
Last Updated: 27 days ago
Data Source: Stellar MLS, MLS# A4704470
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
PREFERRED SHORE LLC
Last Updated: 27 days ago
Data Source: Stellar MLS, MLS# A4704470
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017