4840 LAKESCENE PLACE
About This Property
The split floor plan features two bedrooms plus a versatile den, ideal for a home office or media space. The fully renovated kitchen showcases shaker cabinetry, granite countertops, stainless steel appliances, an eat-in nook, and a breakfast bar opening to the main living area. The primary suite includes a walk-in closet and updated en-suite bath with walk-in shower, while the guest bedroom and second renovated bath provide comfort and privacy.
Additional highlights include HURRICANE IMPACT windows and sliders ($45,000 upgrade), AC (2022), freshly painted interiors, designer lighting, and ample storage. The extended screened lanai overlooks tranquil preserve and lake views, creating the perfect setting for relaxation or entertaining.
Avalon offers a heated community pool, cable TV included, and a low-maintenance lifestyle. Optional Palm Aire Country Club membership provides access to championship golf, tennis, pickleball, fitness, dining, and a full social calendar. Prime location just minutes from University Town Center Mall, Sarasota-Bradenton International Airport, downtown Sarasota, and Gulf beaches.
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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 |
|---|---|---|---|
| Apr 23, 2026 | Sold | ||
| Sold | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Mar 7, 2026 | Price Decreased |
$419,900
↓ $15K
(3.5%) | |
| Price Decreased | |||
| Feb 15, 2026 | Price Decreased |
$434,900
↓ $3K
(0.6%) | |
| Price Decreased | |||
| Sep 11, 2025 | Listed by KW COASTAL LIVING III | $437,500 | |
| Listed by KW COASTAL LIVING III | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017