61
Map
528 RALPH STREET
About This Property
ATTENTION BUILDERS LOWEST PRICE waterfront on Siesta Key. TURNKEY WATERFRONT PROPERTY –
Exceptional opportunity to acquire this Siesta Key property where coastal living meets modern luxury. This residence is in move-in condition.
Property Features:
Accommodates up to 8 guests comfortably
Durable and attractive terrazzo flooring throughout
Recently completed exterior paint (2025)
Updated kitchen featuring Corian countertops, extensive cabinetry, and a new gas range
Renovated bathrooms with clean, modern finishes
Replacement windows for improved efficiency and comfort
Waterfront & Exterior Highlights:
Newer seawall
Direct boat access with only one bridge to open water
Newly constructed front deck
Parking capacity for up to six vehicles
Converted garage/storage area ideal for beach equipment, bicycles, and tools
Additional Value:
Ample space to add an in-ground pool (fiberglass options have cost-effective installation in Florida)
Located on a street with surrounding homes valued up to $7 million
This property is well-suited for investors, seasonal residents, or buyers seeking a low-maintenance "lock-and-leave" coastal home.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Listed by MARK SPAIN REAL ESTATE | $1,100,000 | |
| Listed by MARK SPAIN REAL ESTATE | |||
| Mar 15, 2022 | Sold | ||
| Sold | |||
| Jan 18, 2022 | Listed by MARK SPAIN REAL ESTATE | $995,000 | |
| Listed by MARK SPAIN REAL ESTATE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017