616 MANGROVE POINT ROAD
About This Property
Seamlessly transition between indoor and outdoor living with the great room's pocketing glass sliders that open to the lanai. Additional features include a 3-car garage with an epoxy floor, impact Low-E windows and doors, a tankless water heater, and professional landscaping, enhancing both style and functionality. A paver brick driveway and tongue-and-groove wood ceiling on the lanai further elevate the home's elegance.
Located just minutes from Crescent Beach and Siesta Village, this home offers the ultimate in waterfront living and access to the vibrant Siesta Key lifestyle. Don't miss the opportunity to own this incredible home-where modern design and luxurious living come together in perfect harmony!
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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 |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Aug 13, 2025 | In contract | - | |
| In contract | |||
| Feb 1, 2025 | Price Decreased |
$3,367,000
↓ $92K
(2.7%) | |
| Price Decreased | |||
| Jan 9, 2025 | Listed by GRECO REAL ESTATE | $3,458,682 | |
| Listed by GRECO REAL ESTATE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017