4721 MOUNT VERNON DRIVE
About This Property
Enjoy direct water access with no bridges to Sarasota Bay or Anna Maria Island-perfect for boating enthusiasts. Boat dock spaces are available to rent for only $25 annually, and the new roof (2023) provides added peace of mind. Seller also offers transferable flood insurance, homeowners insurance, and an active service contract on the AC unit-providing exceptional value and protection for the new owner.
Mount Vernon residents enjoy resort-style amenities including a heated pool, pickleball and tennis courts, shuffleboard, kayak storage and launch, walking trails, a scenic lakeside gazebo, and a vibrant community center with frequent social activities and a library.
Don't miss this rare opportunity to own a fully updated waterfront villa offering luxury, comfort, and Florida's best coastal lifestyle!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Nov 7, 2025 | In contract | - | |
| In contract | |||
| Oct 16, 2025 | Listed by EXP REALTY, LLC | $399,000 | |
| Listed by EXP REALTY, LLC | |||
| Jun 16, 2025 | Price Decreased |
$440,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| May 21, 2025 | Price Decreased |
$450,000
↓ $15K
(3.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017