5766 STONE POINTE DRIVE
About This Property
The living room presents an open, comfortable space with large sliding glass doors that lead directly to a screened lanai, showcasing a heated 12x24-foot in-ground pool and attached spa, installed in 2022. This outdoor area is thoughtfully designed with a screen enclosure, allowing you to enjoy Florida's year-around sunshine in comfort and privacy. This home further features a spacious, updated kitchen equipped with a glass-top electric range and oven, recessed lighting, a large sink, new countertops, and recently installed cupboards with convenient pull-out drawers and a countertop bar for added functionality. The adjacent dining area offers a pleasant setting for both quiet meals and entertaining guests. Beyond the dining area, a secondary family room provides additional space for relaxation or gathering.
The primary bedroom serves as a true retreat, with direct access to the lanai through sliding glass doors and an en suite bathroom featuring a walk-in shower, soaking tub, dual sinks, and mirror lighting. Three additional bedrooms provide flexibility for family, guests, or office space, and are complemented by two full bathrooms, each with a tub, vanity, and impact window. One of the bathrooms also includes a linen closet for added storage, as well as door access to the pool area. A designated laundry room comes equipped with a washer and dryer for everyday convenience.
Recent upgrades enhance the home's value and efficiency, including a new heated pool installed in 2022, high-impact, hurricane-rated windows and sliding doors (2021), a new roof (2020), and the installation of 45 solar panels (2022), which are paid in full and have significantly reduced the average monthly electric bill to around $50. The kitchen remodel, exterior painting in 2021, and added features like a workbench, shelving, and a 6-foot vinyl privacy fence contribute to the home's functionality and appeal.
Set within Grove Pointe, a well-established neighborhood known for its quiet streets and family-friendly environment, the location offers easy access to both Gantt Road and Proctor Road. Outdoor enthusiasts will appreciate nearby parks such as Urfer Family Park, Red Bug Slough, and Bee Ridge Park. World-famous Siesta Key Beach and destinations like downtown Sarasota, Venice Beach, Palmer Ranch, and University Park are all within a short drive. Commuters will find I-75 easily accessible, while shopping, dining, and entertainment are just minutes away. The home is zoned for A-rated Ashton Elementary and Sarasota Middle School, making this an exceptional opportunity in a highly sought-after area.
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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 26, 2025 | Sold | ||
| Sold | |||
| Aug 12, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Price Decreased |
$550,000
↓ $50K
(8.3%) | |
| Price Decreased | |||
| May 20, 2025 | Price Decreased |
$599,500
↓ $26K
(4.1%) | |
| Price Decreased | |||
| Mar 31, 2025 | Listed by KELLER WILLIAMS ON THE WATER S | $625,000 | |
| Listed by KELLER WILLIAMS ON THE WATER S | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017