5 SOUTHWINDS DRIVE
About This Property
Inside, you'll find a bright open floor plan featuring a spacious great room, a kitchen with center island and breakfast bar, and a cozy dining area-perfect for everyday living or entertaining guests. The split-bedroom design ensures privacy, while the interior laundry closet with washer and dryer makes chores a breeze.
This home has been well maintained with major upgrades, including a brand-new membrane roof, a new heat pump system, and a new air conditioner installed in August 2025. A covered carport and storage shed provide extra functionality and room for your beach gear, bikes, or tools.
Enjoy a low-maintenance lifestyle with a monthly co-op fee of just $195, which covers cable, water, sewer, lawn care, and access to the community's amenities. Relax in the heated pool, connect with friendly neighbors, and take advantage of the ideal South Sarasota location-just minutes from Siesta Key Beach, shopping, dining, and downtown Sarasota.
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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 |
|---|---|---|---|
| Oct 27, 2025 | Sold | ||
| Sold | |||
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Sep 12, 2025 | Listed by PREFERRED SHORE LLC | $162,250 | |
| Listed by PREFERRED SHORE LLC | |||
| Jul 13, 2025 | Price Decreased |
$174,900
↓ $14K
(7.5%) | |
| Price Decreased | |||
| May 19, 2025 | Price Decreased |
$189,000
↓ $11K
(5.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017