4778 MAINSAIL DRIVE
About This Property
The interior of the home has been thoughtfully and extensively updated to blend modern style with everyday comfort. A brand new kitchen with new appliances serves as the heart of the home, complemented by new flooring throughout and a completely remodeled primary bathroom. A redesigned staircase with modern railing adds architectural interest while enhancing the open and light filled floor plan, making the home ideal for both entertaining and daily living.
Outdoor living is a true highlight of this property. The covered lanai flows seamlessly to the screened in pool and spa, creating an inviting space for year round enjoyment, gatherings with friends, or quiet afternoons at home. The oversized garage adds exceptional functionality and storage, featuring an epoxy floor along with overhead and built in storage, perfect for vehicles, tools, water toys, and hobbies.
Living at 4778 Mainsail Dr places you close to some of the most sought after attractions in the Sarasota area. The Ringling Museum of Art is approximately 14 miles away and offers world class art, historic architecture, and beautifully landscaped grounds. Lido Beach is approximately 15 miles away and is known for its soft white sand, turquoise Gulf waters, and vibrant beachfront atmosphere. Mote Marine Laboratory and Aquarium is approximately 13 miles away and provides interactive marine exhibits and educational experiences that are enjoyed year round.
Everyday dining and weekend outings are equally convenient with some of the area's most searched and popular restaurants nearby. Lucky Pelican Bistro, Speaks Clam Bar, and The Granary are all approximately 6 miles away, offering a variety of fresh seafood, casual coastal dining, and popular brunch options just a short drive from home.
With extensive updates, exceptional outdoor living spaces, a canal front setting, and close proximity to beaches, dining, and cultural attractions, this move in ready home offers a rare opportunity to enjoy the Florida coastal lifestyle in a beautifully updated and highly desirable location.
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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%.
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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 |
|---|---|---|---|
| Feb 10, 2026 | Price Decreased |
$1,299,000
↓ $100K
(7.2%) | |
| Price Decreased | |||
| Feb 1, 2026 | Price Decreased |
$1,399,000
↓ $51K
(3.5%) | |
| Price Decreased | |||
| Nov 12, 2025 | Listed by EXP REALTY LLC | $1,450,000 | |
| Listed by EXP REALTY LLC | |||
| Aug 30, 2022 | Sold | ||
| Sold | |||
| Jul 18, 2022 | Listed by MICHAEL SAUNDERS & COMPANY | $1,250,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
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Tucked behind the secure gates of Harbour Walk, this Key West freshly-painted boating community home features 4 bedrooms, 3.5 bathrooms, a dedicated office, large master bedroom on the first floor with a sitting area/second office space, dual-sided fireplace in the 2-story open family room, 3 car tandem garage, metal roof, a rare front porch along with a spacious pool lanai, pool with a spa, and 75 feet of freshwater canal to dock your boat right in your own backyard. Save on marina fees or dry dock fees by docking your boat in this secure freshwater canal right behind your home. The second-story balcony is the perfect place to unwind and enjoy the sunset. This 3405sf home has so much potential to its next owners. No CDD fees, reasonable HOA fees, and the best priced home in Harbour Walk. Harbour Walk is located approximately 2 miles west of I-75 which gives you all of the conveniences of amazing shopping, countless restaurants, world-class beaches, and 3 major airports. Approximately 8 nautical miles to the Intracoastal Waterway and approximately 13 nautical miles to the Gulf of Mexico. Plenty of fishing, fuel stops, and restaurants along the way by boat to the Gulf. Sold as-is for the convenience of the sellers that are the original owners.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017