Multiple offers, sellers request highest and best by Thursday
8/6/26 12pm. Rare opportunity in prime Sarasota location tucked
away on a gorgeous, private lot. 4 beds, 3.5 bath pool home with
2024 roof, sits on an acre of in-town privacy. This unique property
offers the perfect blend of flexibility, income potential, and
outdoor living with no deed restrictions! The 3/3 main house with 3
car garage, plus 1/1 guest house, sits nestled amongst the oaks on
a quiet, cul-de-sac street. Highlights include: 450 square feet of
covered outdoor living space, outdoor kitchen, custom pool with
grotto spa and tiki bar, Trane HVAC system 2023, enhanced well
system for irrigation, fully fenced backyard with fruit trees and
dedicated fire pit area, as well as multiple outbuildings. Park
your RV or boat under the covered 35' x 14' parking area with 30
AMP concrete pad. Store your tools and gadgets in the
electric-equipped workshop or garden shed. Take advantage of the
detached guest house with potential for rental income,
multigenerational living, a home office, or private guest
accommodations. This home offers endless opportunities for
homeowners, hobbyists, business owners or those simply seeking
space for recreational vehicles and toys. With no deed
restrictions, you'll enjoy the freedom to store your boat, RV, work
vehicles, and more. Conveniently located near Urfer Family Park,
shopping, dining, schools, and the beautiful Gulf Coast beaches.
Whether you're looking for an income-producing opportunity or a
property with room to live, work, and play, this one checks all the
boxes!
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.
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