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5375 CALLE FLORIDA
About This Property
An exceptional opportunity to create your own piece of paradise on Siesta Key. This vacant property offers the perfect setting for a new custom home, with plans already in place to help bring your vision to life.
Ideally situated just steps from beach access #10 and the vibrant Siesta Key Village, this property puts the best of island living right at your doorstep. Spend your days enjoying the world-famous beaches, then stroll to the Village for dining, shopping, entertainment, and the laid-back coastal lifestyle Siesta Key is known for.
With plans already prepared, much of the groundwork is in place for your next home or investment. Whether you're looking to build a personal island retreat, second home, or income-producing property, this is a rare chance to secure a prime piece of Siesta Key and start building toward the lifestyle you've been waiting for.
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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 8, 2026 | Listed by PREFERRED SHORE LLC | $849,000 | |
| Listed by PREFERRED SHORE LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017