71 Abalone ROAD
About This Property
This charming two-bedroom, two-bathroom residence sits in the slice of paradise known as Venice, Florida.
Situated on an oversized lot, this home offers a sense of privacy with its fully fenced yard and screened lanai.
One of the standout features of this property is its well and septic system, a smart investment that not only contributes to environmental sustainability but also significantly reduces utility costs. Say goodbye to hefty water and sewer bills – this home provides a self-sustaining solution that puts money back in your pocket.
This residence is located in the non-deed restricted community of SOUTH VENICE, providing you with the freedom to live on your terms. Boating and RV enthusiasts will appreciate the convenience of keeping their toys at home ensuring that your recreational vehicles are easily accessible whenever adventure calls. Embrace the true Florida lifestyle without the restrictions of an HOA.
Location is key. Just minutes away, you'll find yourself basking in the sun on sandy beaches, exploring local dining and shopping options, and enjoying outdoor activities at Shamrock Park & Nature Center which offers hiking trails and sports courts for an active and vibrant lifestyle.
For those seeking access to the beautiful S Venice Beach, a private option awaits through the S Venice Civic Assoc. While this home is not part of an HOA, residents have the opportunity to join the association for a small annual fee, granting them exclusive access to the S Venice Beach Ferry and boat ramp. Experience the best of both worlds – the freedom of an unrestricted community and the perks of a private beach getaway.
A few practical updates enhance the value of this home. The roof was replaced in 2014, hot water heater in 2019, AC unit in 2014, and a BRAND NEW ELECTRIC PANEL was installed in 2024. No flood insurance is required here and the Hurricane Shutters add protection and peace of mind.
Don't miss the chance to make this South Venice gem your own – a home where comfort, convenience, and the Florida lifestyle converge.
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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 |
|---|---|---|---|
| May 13, 2024 | Sold | ||
| Sold | |||
| Mar 28, 2024 | In contract | - | |
| In contract | |||
| Mar 2, 2024 | Relisted | $299,900 | |
| Relisted | |||
| Feb 22, 2024 | In contract | - | |
| In contract | |||
| Feb 1, 2024 | Listed by FINE PROPERTIES | $300,000 | |
| Listed by FINE PROPERTIES | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017