516 LAUREL ROAD W
About This Property
Featuring a BRAND-NEW roof and new carpet, this home offers peace of mind, a fresh interior feel, and plenty of potential for its next owner.
Located within walking or biking distance to Nokomis Beach, you can spend your days enjoying the Gulf, beautiful sunsets, and everything that makes the Florida lifestyle so special. Whether you're looking for your first home, an investment property, or an affordable vacation getaway near the beach, this is an opportunity that's hard to beat.
Enjoy easy access to Nokomis Beach, the Legacy Trail, Venice Island, restaurants, shopping, and I-75 - all while being tucked into a convenient coastal location.
Under $200K, a new roof, new carpet, and this close to the beach - 516 Laurel Rd W is one you don't want to miss!
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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 |
|---|---|---|---|
| Sep 30, 2026 | Sold | ||
| Sold | |||
| Aug 27, 2026 | In contract | - | |
| In contract | |||
| Aug 22, 2026 | Listed by THE SHORELINE FL REALTY LLC | $199,000 | |
| Listed by THE SHORELINE FL REALTY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017