505 LYONS BAY ROAD
About This Property
Step outside to your private backyard oasis with a sparkling pool, ideal for relaxing or hosting gatherings under the Florida sun. The location is unbeatable - just minutes from Nokomis Beach, the Legacy Trail, Venice Island, and waterfront dining along the Intracoastal. Whether you're looking for a full-time residence or a seasonal getaway, this home offers the perfect blend of comfort, style, and proximity to the best of coastal living.
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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 |
|---|---|---|---|
| Jun 19, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Price Decreased |
$998,500
↓ $27K
(2.6%) | |
| Price Decreased | |||
| Jan 29, 2026 | Price Decreased |
$1,025,000
↓ $25K
(2.4%) | |
| Price Decreased | |||
| Oct 31, 2025 | Listed by RE/MAX ALLIANCE GROUP | $1,050,000 | |
| Listed by RE/MAX ALLIANCE GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017