540 BIRD KEY DRIVE
About This Property
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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 |
|---|---|---|---|
| Nov 2, 2026 | Listed by MICHAEL SAUNDERS & COMPANY | $1,900,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Apr 30, 2024 | Sold | ||
| Sold | |||
| Mar 20, 2024 | In contract | - | |
| In contract | |||
| Mar 8, 2024 | Price Decreased |
$1,595,000
↓ $100K
(5.9%) | |
| Price Decreased | |||
| Feb 14, 2024 | Listed by COLDWELL BANKER REALTY | $1,695,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Your opportunity to reside in the very heart of Sarasota's vibrancy has arrived with this lovingly maintained single-story gem on Bird Key. Embrace the essence of the ultimate in Suncoast living with a property that not only exudes timeless elegance but also places you at the very core of Sarasota's cultural and recreational attractions. With 3BR/2BA and 1900+/- sq. ft., this residence offers not just a home but a lifestyle, where the charm of St. Armands Circle, the allure of Lido and Longboat Keys' beaches and the cultural richness of downtown Sarasota are all within your reach. Whether you choose to relish its classic appeal or to embark on a fresh architectural journey adhering to the latest codes, this home stands as the epitome of sophisticated living in Sarasota's epicenter. This ground-level residence, built in 1973 and meticulously preserved, stands as a testament to timeless elegance and the allure of a prime location. As you step through the wrought iron entryway, a split floor plan reveals itself, seamlessly blending family privacy and welcoming spaces for guests. The spacious kitchen is a culinary haven with all-white cabinetry, stone countertops, stainless steel appliances and a breakfast bar. Adjacent to the kitchen is a cozy family room, perfect for cocktails and conversations. On the other side is the dining area, beckoning for intimate gatherings. The large primary suite is a retreat in itself, featuring sliders to the pool area, a walk-in closet and a pristine primary bathroom with dual sink vanity, all-white cabinetry and tile flooring. The guest accommodations are both comfortable and generously sized, with one bedroom currently configured as an office, providing slider access to the pool area. Step outside to the screened lanai, where an extensive covered area embraces an oversized pool – providing an ideal space for indulging in relaxation or hosting outdoor gatherings. Your best value on Bird Key awaits, offering you the choice to savor its existing charm or shape a new chapter in architectural excellence to your exact desires.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017