6502 38TH AVENUE CIRCLE W
About This Property
One of the rare advantages of this property is that it sits in a non-HOA neighborhood, offering true freedom-bring your boat, RV, or toys with no restrictions. With no HOA and located in Manatee County, daily rentals are allowed, making this an exceptional opportunity for investors or snowbirds looking to offset costs with short-term rental income in a highly desirable beach-adjacent location.
Inside, the double-door entry opens to soaring cathedral ceilings, engineered wood flooring, and bright, open living spaces with calming views through oversized sliding glass doors. The split-bedroom floor plan offers both privacy and functionality, with a dedicated dining room, family room, and interior utility room. The updated galley-style kitchen features granite countertops, newer cabinetry with large drawers, a pantry, stainless steel appliances, recessed lighting, and an eat-in area with bar seating-perfect for everyday living and entertaining.
The spacious primary suite includes a walk-in closet, high-performance DC ceiling fan, and an updated en-suite bath with granite-topped vanity and an easy-access, no-threshold walk-in shower. The guest bathroom is equally well-appointed with a large tub/shower combo, oversized granite vanity, and a generous linen closet.
The garage is a standout feature-epoxy flooring (2023), extensive cabinetry, counter space, workbenches, running water with a double sink, and a hurricane-impact garage door (2015). There's still plenty of room to park your vehicle, making it a true functional workshop or hobby space.
Additional upgrades and insurance-saving features include Low-E windows (2014), a hurricane-impact Therma-Tru fiberglass front door (2018), hurricane screens, a new water heater (2023), full PEX replumbing (2023), and a new irrigation pump (2025). The lake provides irrigation, keeping the lush landscaping thriving year-round.
Located just minutes from shopping, dining, medical facilities, boating, golf courses, State College of Florida, IMG Academy, and the world-famous white-sand beaches of Anna Maria Island. Sarasota, Downtown Bradenton, and St. Petersburg are all within easy driving distance.
This home is ideal as a primary residence, seasonal retreat, or income-producing property. *One or more photos have been virtually staged
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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 |
|---|---|---|---|
| Feb 19, 2026 | Sold | ||
| Sold | |||
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Jan 22, 2026 | Listed by ZACHOS REALTY & DESIGN GROUP | $575,000 | |
| Listed by ZACHOS REALTY & DESIGN GROUP | |||
| Jun 17, 2022 | Sold | ||
| Sold | |||
| May 14, 2022 | Listed by ZACHOS REALTY & DESIGN GROUP | $519,900 | |
| Listed by ZACHOS REALTY & DESIGN GROUP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017