6875 MANASOTA KEY ROAD
About This Property
Designed for both relaxation and entertaining, the outdoor living spaces are exceptional. Enjoy a heated saltwater pool featuring a grotto, waterfall, spa, and other water features. The private outdoor oasis also includes a putting green and outdoor shower. A new composite dock with a 10,000-lb boat lift provides a fish-cleaning station, and water and electrical service, making boating effortless.
Recent upgrades throughout the property include a standing-seam metal roof, spray-foam insulation, impact-rated windows and doors, hurricane shutters for added protection, new exterior paint, a gorgeous wood-paneled ceiling new with recessed lighting and ceiling fans in the balcony areas, new turf and putting green, updated pool heater and equipment, new backyard fencing, entry gate and privacy wall, new garage doors, new tankless water heating system, two new septic systems, all new 325 continuous amp electrical panels with surge protection, an RV hookup, and Zip Flood Walls for garage protection.
Inside, the oversized kitchen features a granite-topped island, stainless steel appliances, a walk-in pantry, and beautiful bay views.
The primary suite offers access to a bayfront balcony, a custom-organized walk-in closet, and a luxurious bath with a jetted soaking tub and multi-head rain shower. A distinctive finish includes a backlit onyx countertop.
A dedicated theater room provides an immersive entertainment experience with enhanced acoustics, surround sound, and motorized blackout blinds.
Additional smart home features allow wireless Bluetooth control of security, interior and exterior surround sound, and pool water features & lighting.
This exceptional waterfront residence combines modern upgrades, resort-style outdoor amenities, and the rare opportunity to enjoy both bayfront boating and access to the Gulf. Golf cart in garage is included in sale. *Please make sure to view the 3D tour for a detailed walkthrough.
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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 |
|---|---|---|---|
| Jul 17, 2026 | Sold | ||
| Sold | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
| Jun 3, 2026 | Price Decreased |
$1,999,900
↓ $200K
(9.1%) | |
| Price Decreased | |||
| May 18, 2026 | Price Decreased |
$2,199,900
↓ $150K
(6.4%) | |
| Price Decreased | |||
| Mar 9, 2026 | Listed by GULF REALTY & ASSOCIATES LLC | $2,350,000 | |
| Listed by GULF REALTY & ASSOCIATES LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017