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6677 MANDARIN ROAD
About This Property
Tucked within this remarkable setting, the estate reveals itself with understated grandeur and effortless livability. Constructed of solid concrete and defined by soaring 12-foot ceilings, this residence offers an expansive open floor plan filled with natural light and seamless flow. Every space feels substantial yet welcoming, designed for both elegant entertaining and relaxed daily living.
At the heart of the home, a beautifully designer renovated kitchen serves as both a centerpiece and gathering place. Generous in scale, it features dual islands, refined finishes, and a layout that balances beauty with function. Recent renovations-including the kitchen, bathrooms, and roof-bring a sense of confidence and ease, reflecting a home that has been meticulously cared for.
Beyond the main residence, a detached newly renovated building offers exceptional versatility. Perfectly suited as a private office, guest quarters, fitness studio, or creative retreat, it provides a rare opportunity for independence and flexibility, all while complementing the estate's sense of privacy.
Outdoors, the experience becomes truly resort-like. An east-facing lanai opens to a stunning custom pool and spa, completed just three years ago, framed by beautiful tropical plantings and complete seclusion. Mornings begin with soft golden light, while evenings invite serene entertaining or quiet reflection beneath the stars.
With no HOA, ample room for vehicles, boats, RVs, or equestrian pursuits, and RSF-2 zoning that allows for future possibilities, this offering is far more than a residence. It is a private sanctuary-an opportunity to enjoy Sarasota living with elegance, freedom, and peace of mind.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017