6800 AVENIDA MARBELLA
About This Property
Ideally located just off Palmer Ranch Parkway, Marbella provides residents with easy access to the very best of Sarasota living - from the world-renowned shores of Siesta Key Beach to vibrant downtown dining, nightlife, arts, and the premier shopping and restaurants at University Town Center. Residents enjoy mature landscaping , low fees and a true sense of pride of ownership among just 139 homes. Ideally positioned directly across from TPC Prestancia, optional golf and social memberships are available. Marbella is also one of the few communities in Palmer Ranch that does not permit rentals, helping preserve its quiet residential character. An elegant floorplan for entertaining featuring open spaces overlooking your pool, spa and water views! Generous Bedrooms and a stately Den with Bay window vistas.
This is a wonderful opportunity to personalize and update one of Marbella's premier waterfront residences, creating the luxury retreat you've always envisioned in one of Sarasota's most desirable communities.
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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