4455 EMERALD RIDGE DRIVE
About This Property
Welcome to Sea Shanty, where timeless character meets modern comfort. Tucked within the established community of South Gate Ridge, this property offers the rare benefit of no HOA restrictions. It's perfect for storing a boat, RV, or extra vehicles behind the gated double driveway. The fully fenced backyard is ideal for pets and outdoor enjoyment.
Inside, you'll find a bright open layout anchored by a striking wall of impact-rated floor-to-ceiling windows and oversized sliders that lead to a screened lanai and private backyard retreat. It's the perfect setting for relaxing or entertaining.
Recent upgrades include
• Full replacement of water and sewer lines
• Updated electrical panel
• Newer air conditioning and water heater
• Newer roof
• Complete plumbing overhaul
• One-car garage addition
• Luxury vinyl plank flooring throughout
Additional features include a spacious indoor laundry room and the versatile flex room with a walk-in closet, ideal for an office, guest room, or future third bedroom.
Convenient to shopping, dining, and Sarasota's top-rated beaches, this thoughtfully renovated home is move-in ready and worth seeing in person.
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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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 3, 2025 | In contract | - | |
| In contract | |||
| Jun 24, 2025 | Price Decreased |
$405,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Jun 12, 2025 | Listed by COLDWELL BANKER SARASOTA CENT. | $410,000 | |
| Listed by COLDWELL BANKER SARASOTA CENT. | |||
| May 19, 2025 | Relisted | $419,900 | |
| Relisted | |||
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About South Gate Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017