616 S CASEY KEY ROAD
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%.
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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.
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 |
|---|---|---|---|
| Aug 18, 2026 | Sold | ||
| Sold | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Jun 12, 2026 | Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY | $895,000 | |
| Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY | |||
| Jun 6, 2025 | Listed | $995,000 | |
| Listed | |||
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Just steps from the sand and surf, this Nokomis Beach retreat offers the perfect blend of coastal charm and modern comfort, with private deeded beach access to the Gulf of Mexico right at the end of your street. Inside, you’ll find a thoughtfully updated beach cottage featuring uniform flooring throughout, two bedrooms, one and a half bathrooms, and a flexible den or office space. The primary bedroom offers private outdoor access, while French doors lead to a dreamy backyard escape complete with a pergola-covered patio, built-in grill, outdoor shower, and fully fenced yard made for barefoot mornings and sunset gatherings. Recent upgrades include a new roof (2020), HVAC mini-split systems (2023), and updated stainless steel appliances, making this home as practical as it is beautiful. When you are not relaxing at home or soaking up the sun at the beach. Beyond the front door, you’re immersed in one of the most beloved coastal communities in the Sarasota area. Nokomis Beach and North Jetty Park are just around the corner, offering fishing spots, picnic areas, playgrounds, boat ramps, and unbeatable Gulf and Intracoastal views. Residents enjoy panoramic water scenes and scenic access to the Legacy Trail for biking, jogging, and wildlife watching. Whether you're seeking a full-time beach lifestyle, seasonal getaway, or investment opportunity, this is the kind of home that makes you slow down, breathe deep, and never want to leave. ¤ Please see 3D Tour and Video ¤
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| Mar 22, 2024 | Listed | $1,195,000 | |
| Listed | |||
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This true beach retreat on Casey Key provides you with a private deeded access wide pathway to the sandy beach on the Gulf of Mexico and a dock easement across the street on the Intracoastal Waterway. It is truly the best of both worlds! Recently renovated, and keeping with a modern beach cottage vibe, the property delivers updated amenities, 2 bedrooms, 1.5 bathrooms, and a den/office that could serve as a 3rd bedroom. The outdoor patio area with fireplace, grill, outdoor shower, and fenced yard ensures privacy for your outdoor relaxation. Conveniently located between Nokomis Beach and the Venice Jetty, you'll have access to great waterfront restaurants, a marina, nearby water sports, and grocery stores.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017