478 Sun Chaser DRIVE
About This Property
Step into an inviting oversized foyer, featuring a custom glass front door, that leads to the kitchen, complete with staggered 42" white cabinetry with crown molding, quartz countertops, and a sleek undermount sink. Enjoy cooking with stainless steel appliances, including a side-by-side refrigerator, a large walk-in pantry, and an island that seamlessly connects to the great room and dining area with 2" faux wood blinds. Sliding doors open to a covered lanai, creating the ultimate indoor-outdoor space for entertaining. Relax in the luxurious Primary Suite, featuring a spa-inspired en-suite with a walk-in frameless shower, dual sinks, and a private water closet, plus a huge walk-in closet. The three additional bedrooms are generously sized with ample storage, and the laundry room is equipped with washer and dryer for added convenience. Enjoy serene views of the pond and nature preserve from your backyard.
Resort-Style Living Right at Home - Magnolia Bay offers residents an array of exceptional amenities, including: Clubhouse and resort-style pools, Fitness center and sports courts for tennis, pickleball, and basketball, Dog park, playground, cabana, and play lawn. Located near downtown Sarasota and Venice, Magnolia Bay provides easy access to boutique shopping, fine dining, and entertainment. Explore nearby highlights like Nokomis Beach, Casey Key, and Venice Downtown. With convenient proximity to I-75, Sarasota-Bradenton International Airport, and Tampa International Airport, you'll enjoy both a serene lifestyle and easy connectivity. Make Magnolia Bay your home today, where exceptional living extends beyond your doorstep and into a vibrant, welcoming community!
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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 |
|---|---|---|---|
| Mar 6, 2025 | Sold | ||
| Sold | |||
| Jan 31, 2025 | In contract | - | |
| In contract | |||
| Dec 30, 2024 | Listed by KELLER WILLIAMS CLASSIC GROUP | $520,815 | |
| Listed by KELLER WILLIAMS CLASSIC GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017