445 SPANIARDS ROAD
About This Property
Although the lot itself is not directly on the water, it enjoys close proximity to marinas, public boat ramps, and stunning Intracoastal views, placing world-class boating, fishing, and island-hopping adventures right at your fingertips. The neighborhood is known for its canopy of mature oaks, palms and iconic banyan trees, creating a lush, shaded setting that reflects the authentic spirit of Old Florida. Classic cottages, winding streets, and native landscaping make this a truly unique place to call home.
With 0.57 acres of land, there's plenty of space to design a custom home, tropical garden, pool, or even a detached garage or guest suite. The property is located in a community with a voluntary HOA, offering the benefits of a well-kept neighborhood without the burden of mandatory fees. Just minutes away, you'll find Boca Grande, Gasparilla Island, golf courses, beaches, nature preserves, and local restaurants-all contributing to the area's laid-back, coastal lifestyle.
This is a rare opportunity to own land in one of Placida's most sought-after and storied neighborhoods. Build your legacy beneath the banyan trees, where history, nature, and the Intracoastal come together in perfect harmony.
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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 23, 2025 | Sold | ||
| Sold | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Jul 16, 2025 | Listed by PARADISE EXCLUSIVE INC | $105,000 | |
| Listed by PARADISE EXCLUSIVE INC | |||
| Jan 21, 2022 | Sold | ||
| Sold | |||
| Aug 4, 2021 | Listed by PARADISE EXCLUSIVE INC | $125,000 | |
| Listed by PARADISE EXCLUSIVE INC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017