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5238 GROVE MILL LOOP
About This Property
High ceilings and an open-concept design fill the home with natural light, offering a bright, airy atmosphere and flexible spaces for everyday living and entertaining. The front FLEX room provides versatility as a home office, formal dining room, or additional sitting area-tailored to fit your lifestyle.
The spacious primary suite is a true retreat, featuring a sitting area, an expansive walk-in closet, and a luxurious en-suite bath. Upstairs, you'll also find three additional bedrooms, a generously sized shared bath with dual sinks, a bonus room with an oversized storage closet, and a well-appointed laundry room with utility sink. A downstairs guest bedroom and full bath offer ideal privacy for visitors or multi-generational living.
Designed with both style and function in mind, the kitchen features granite countertops, wood cabinetry, a large pantry, and a butler's pantry - perfect for seamless entertaining. Sliding glass doors open to the covered lanai, extending your living space outdoors and allowing you to fully enjoy the serene waterfront setting.
Solera is a newer, established community with low HOA fees that include landscaping maintenance and access to a community pool just steps away. As part of Lakewood Ranch, residents enjoy top-rated schools, premier shopping and dining, golf courses, parks, and extensive recreational amenities. The neighborhood's streetscape and vibrant community atmosphere reflect pride of ownership throughout.
More than just a home, this property offers a lifestyle - conveniently located near downtown Sarasota and its thriving arts scene, University Town Center, SRQ Airport, world-renowned Gulf Coast beaches, and within easy reach of Florida's famous theme parks.
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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 |
|---|---|---|---|
| Feb 17, 2026 | Listed by COMPASS FLORIDA LLC | $535,555 | |
| Listed by COMPASS FLORIDA LLC | |||
| Oct 6, 2022 | Sold | ||
| Sold | |||
| Jun 26, 2022 | No longer available | - | |
| No longer available | |||
| Jun 9, 2022 | Price Decreased |
$679,990
↓ $20K
(2.9%) | |
| Price Decreased | |||
| Jun 5, 2022 | Price Decreased |
$699,990
↓ $25K
(3.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017