4239 Adelaar DRIVE
About This Property
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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 17, 2025 | Listed | $615,000 | |
| Listed | |||
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Welcome to your dream home in the desirable Palmer Reserve community! This beautifully maintained 4-bedroom + den, 3-bathroom home offers the perfect blend of space, comfort, and convenience—all just 2 miles east of I-75, providing easy access to everything Sarasota has to offer. Built in 2017, this newer construction home sits on an oversized corner lot, offering plenty of room for outdoor fun—or even the future pool of your dreams. With a thoughtfully designed layout, the home features a generous upstairs loft, ideal for a second living space, game room, or home theater. Step inside to find light oak wood-look tile flooring and large windows that fill the main living area with natural light, creating a bright and welcoming atmosphere. The open-concept kitchen and living room flow seamlessly to a spacious covered lanai through wide sliding doors, perfect for entertaining or simply soaking in the Florida lifestyle year-round. Home has an abundance of storage/closet space and fully paid for Solar system keeping monthly summer electric bills under $100! Located directly across from Tatum Ridge Elementary School, school drop-offs and pickups couldn’t be easier. The friendly Palmer Reserve neighborhood features just 90 single-family homes and includes its own playground for residents to enjoy. Walk or bike to the Celery Fields to bird watch or get your daily exercise in by running "the hill". With Downtown Sarasota, Lakewood Ranch's Waterside dining and shopping distrcit and the world-famous Siesta Key Beach just a 20-minute drive away, this home truly has it all—modern living, convenience, and community.
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| Apr 4, 2023 | Sold | ||
| Sold | |||
| Nov 12, 2022 | Listed by COLDWELL BANKER REALTY | $605,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| Mar 31, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017