$825,000
●
House -
For Sale
531 GRANADA AVENUE
VENICE, FL 34285
3 Beds
3 Baths
2,095 Ft²
$4,781
Est. Monthly
About This Property
Venice Island Tri-Plex – Prime Location Just Steps from the Beach.
Welcome to an exceptional investment opportunity on beautiful
Venice Island, where it's truly all about Location, Location,
Location! Enjoy the ultimate coastal lifestyle just 2 blocks from
the beach and 3 blocks from the charming island town center, filled
with boutiques, unique shops, and dining options ranging from
upscale cuisine to relaxed family favorites. This versatile
Tri-Plex offers multiple possibilities-perfect for investors or
anyone dreaming of a beach-area residence with built-in rental
income. Property Highlights: Highly desirable island location; Two
spacious 1-bedroom units featuring beautiful original terrazzo
floors; A well-designed studio/efficiency unit with updated
flooring; Ideal setup for living in one unit and renting the other
two
Strong potential for long-term or seasonal rental income. Walkable to beaches, parks, shops, dining, and the historic downtown area
Whether you're looking to expand your investment portfolio or find your own slice of paradise near the Gulf, this Venice Island Tri-Plex checks all the boxes.
Strong potential for long-term or seasonal rental income. Walkable to beaches, parks, shops, dining, and the historic downtown area
Whether you're looking to expand your investment portfolio or find your own slice of paradise near the Gulf, this Venice Island Tri-Plex checks all the boxes.
Unit Size
2,095 Ft²
Days on Market
220 days
Land Size
0.22 acres
Price per sqft
$394
Property Type
House
Property Taxes
$729
HOA Dues
-
Year Built
-
Listed By
Michele Monteiro
Coldwell Banker Realty - Easton
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 8 months ago (Stellar MLS #N6143165)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 26, 2026 | Listed by COLDWELL BANKER REALTY | $825,000 | |
| Listed by COLDWELL BANKER REALTY | |||
Property Highlights
Interior Details
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), Open Floorplan, Eating Space In Kitchen, Kitchen/Family Room Combo, Thermostat, Window Treatments
Appliances: Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
Flooring Type: Terrazzo, Porcelain Tile
Laundry Features: Common Area, Laundry Room
Rooms: 3
Exterior Details
Has Property Attached
Square Footage: 2095
Square Footage Source: $0
Property Condition: Completed
Year Built: 1954
Building Area Total: 2399
Levels: One
Building Area Units: Square Feet
Window Features: Blinds
Construction Materials: Block
Patio and Porch Features: Patio
Lot Size Area: 9375
Lot Size Units: Square Feet
Lot Size Acres: 0.22
Lot Size Square Feet: 9375
Tax Lot: 8
Water Source: Public
Financial Details
Tax Annual Amount: $8,752
Lease Considered: Yes
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Space Heater
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Venice
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Michele Monteiro
COLDWELL BANKER REALTY
Last Updated: 8 months ago
Data Source: Stellar MLS, MLS# N6143165
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
COLDWELL BANKER REALTY
Last Updated: 8 months ago
Data Source: Stellar MLS, MLS# N6143165
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017