5184 51ST LANE W
About This Property
Solidly built block and stucco construction home with lake view offers 3 bedrooms plus den plus bonus room.
Enter this home thru private screened entry area into a light filled great room with cathedral ceiling and sliding glass doors offering a light and bright first floor. Step out into the large screened in lanai with a sparking pool (2017 and heated) and views to the lake. Watch the egrets and ducks while relaxing outside or entertaining friends and family.
The efficient kitchen/dining area offers room to have a family dinner and has stainless steel appliances.
The primary suite on the first floor boasts a large walk-closet, ensuite bath with separate shower and tub and dual vanities and can be a lock-out unit.
Bedrooms 2 and 3 are on the second floor and share an additional bath with tub/shower combination. The loft/den space holds built in shelving for all your necessities or you can easily add a closet to convert this to a 4th bedroom.
This home offers a 2 car garage and driveway that can fit additional vehicles.
The beautiful beaches of Anna Maria, Bradenton, and Longboat Key are a short drive away. Sarasota International Airport is 15 minutes away, and Tampa International Airport is less than 1 hour.
Enjoy local and fine dining in the Bradenton area or venture just 10 miles to downtown Sarasota with many dining, entertainment venues and shopping options.
Glenn Lakes is a deed restricted community with community tennis/pickle ball courts. Community is within walking and biking distance to IMG Academies.
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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 |
|---|---|---|---|
| Sep 19, 2026 | Price Decreased |
$620,000
↓ $30K
(4.6%) | |
| Price Decreased | |||
| Mar 12, 2026 | Price Decreased |
$650,000
↓ $48K
(6.9%) | |
| Price Decreased | |||
| Oct 15, 2025 | Relisted | $698,000 | |
| Relisted | |||
| Oct 8, 2025 | In contract | - | |
| In contract | |||
| Jun 23, 2025 | Listed by WAGNER REALTY | $698,000 | |
| Listed by WAGNER REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017