5075 LEMON BAY DRIVE
About This Property
The home has been upgraded with a new roof, air conditioning system, flooring, and appliances. Situated on over half an acre lot that offers exceptional privacy and flexibility - whether you dream of gardening, parking your RV or boat, or even adding a guest house or workshop, there are no HOA restrictions to limit your imagination. As a resident of South Venice, you also have the option to join the South Venice Civic Association, granting access to the community boat ramp and the exclusive South Venice Beach Ferry, offering a truly unique coastal lifestyle. Just minutes from beaches, dining, shopping, and historic Downtown Venice, this home combines convenience, freedom, and charm in one of Sarasota County's most desirable areas. Come experience the lifestyle that 5075 Lemon Bay Drive has to offer - and make it yours before someone else does.
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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 |
|---|---|---|---|
| Apr 6, 2026 | Sold | ||
| Sold | |||
| Mar 22, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Price Decreased |
$400,000
↓ $15K
(3.6%) | |
| Price Decreased | |||
| Mar 19, 2026 | Relisted | $415,000 | |
| Relisted | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017