4227 PLACID DRIVE
About This Property
Inside, you'll find an open, sun-filled layout with vaulted ceilings and neutral tile flooring that flows effortlessly through the main living areas. The kitchen offers timeless charm with light cabinetry, stainless steel appliances, and an inviting breakfast nook that opens to a private courtyard-perfect for morning coffee beside a tranquil fountain.
The enclosed Florida Room provides year-round enjoyment with picture-perfect water views, while the covered patio invites you to relax and unwind outdoors. The spacious primary suite offers plenty of room to spread out and unwind, complete with a generous walk-in closet and a well-appointed en-suite bath.
From the lush, low-maintenance landscaping to the peaceful pond just beyond your backyard, every detail of this home is designed for ease, comfort, and beauty.
Enjoy access to community amenities including a pool, cabana, and tennis courts-with cable and internet included in the low HOA. Ideally located minutes from University Parkway, UTC, downtown Sarasota, and the Gulf beaches-this is the lifestyle you've been dreaming of.
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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 |
|---|---|---|---|
| Jul 9, 2026 | Price Decreased |
$385,000
↓ $3K
(0.7%) | |
| Price Decreased | |||
| Apr 22, 2026 | Price Decreased |
$387,500
↓ $3K
(0.6%) | |
| Price Decreased | |||
| Oct 21, 2025 | Price Decreased |
$390,000
↓ $4K
(1%) | |
| Price Decreased | |||
| Aug 21, 2025 | Price Decreased |
$394,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Jun 9, 2025 | Listed by TURNER REAL ESTATE NETWORK | $399,000 | |
| Listed by TURNER REAL ESTATE NETWORK | |||
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About Manatee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017