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6847 ARECA BOULEVARD
About This Property
Situated on 0.55 acres overlooking the scenic Serenoa Golf Course, this hidden gem offers a rare opportunity to add your personal touch and restore it to its full potential as a stunning home.
The oversized kitchen features a breakfast bar and a separate walk-in pantry, while the interior laundry room adds everyday convenience. Retreat to your own private oasis on the screened lanai, complete with a graciously sized pool and spa and a retractable sunscreen for comfortable enjoyment year-round. Additional features include a 3-car garage and a whole-house central vacuum system.
For the golf enthusiast, Serenoa Golf Club offers a public, 18-hole course woven through the neighboring Serenoa Community. The club features a variety of passholder golfing opportunities, along with a casual restaurant and bar for relaxing after a round. Designed by architect David Martin Alden and opened in 1990, the course was built around the property's existing wetlands and natural terrain, earning recognition from Florida Golf News as one of the top 100 courses in Florida and one of the top three in Sarasota.
The community is conveniently located within minutes of I-75 and just around the corner from Twin Lakes Park, offering football, soccer, baseball, and softball fields - including the Orioles Buck O'Neil Complex (5 lighted diamonds with batting cages) - basketball courts, multi-purpose fields, tennis and racquetball courts, a fishing pier, playground, picnic areas, and walking/birding trails. World-renowned Benderson Rowing Park, the shopping, dining, and entertainment of UTC Mall, and Sarasota's rich culture and famous beaches are all within close proximity.
Don't miss this rare opportunity - schedule your private showing today!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017