5536 Contento DRIVE
About This Property
Step inside to an open, light-filled floor plan that has been lovingly expanded and renovated. A new 2024 roof new gutters, 2021 & 2017 HVACs, a new second 200-amp electrical panel, a new 100-amp sub-panel, 50-amp EV charging outlet, new tankless water heater, new pool pump & heater, hurricane impact sliders, with plumbing hydrojetted, descaled & lined in 2023, provides peace of mind & affordable insurance for decades to come. The entire interior has been freshly painted, including the trim and ceilings, with new door hardware and modern touches. The bamboo floors in the bedrooms have been refinished, creating a warm & inviting atmosphere throughout.
The heart of this home is the gourmet kitchen, a masterpiece of high-end design and functionality. Custom-built cabinetry with a sleek melamine finish, including a coffee station and appliance garage, all feature push-to-open mechanisms. The floating butcher block table adds a touch of charm, complemented by custom pendant lights and a ceiling flush mount light fixture in the kitchen nook. The kitchen is adorned with hand-crafted Moroccan tile and boasts top-of-the-line appliances: an Ilve Majestic II induction 36-inch range with an external venting hood, a Liebherr built-in panel-ready fridge and freezer, a Miele built-in panel-ready dishwasher, a Summit Combination Dual Zone Wine Cellar, a Moen smart touchless faucet, and a Ruvati stainless steel sink with new garbage disposal. Even the bougiest of chefs would approve!
The great room and dining area flow effortlessly to the expansive outdoor entertaining space. The dining room, featuring a striking wood ceiling and sliding glass doors, opens to a lush, tropical backyard. Here, you can relax by the pool, catch some rays, or dine alfresco under the stars on the trellised patio. An extensive landscaping rebuild has transformed the yard into a tropical oasis.
The owner's suite is a serene retreat with a custom wood ceiling, bamboo floors, and a large master bath featuring a separate shower, jetted tub, and new Toto toilet. French doors open to a versatile space that can serve as a den, office, or fifth bedroom. The guest wing includes three large bedrooms with bamboo floors, walk-in closets, one-and-a-half baths, and access to a private outdoor shower.
For the boating enthusiast, the 14,000-pound boat lift and dock with water & power are just minutes from the open bay, with only one higher fixed bridge to the Intracoastal Waterway. The Pelican whole-house water filtration system ensures comfort and convenience, while the two-car garage with epoxy flooring & extra storage, and expansive circular driveway provide ample parking.
This home is just a short walk from the vibrant Siesta Key Village, with its charming boutiques, eclectic restaurants, and lively nightlife. Downtown Sarasota, offering a wealth of shopping, dining, and cultural amenities, is only a 15-minute drive. Embrace the ultimate beach lifestyle with this Siesta Key gem. Contact us today to schedule your private showing!
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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%.
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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.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017