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Gulf Gate Estates 34231 Gulf Gate Woods
7566 Biltmore DRIVE
$540,800
● House - Off Market

7566 Biltmore DRIVE

SARASOTA, FL 34231
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,909 Ft²
$3,693
Est. Monthly
$6
HOA / Fees
6.51%
Cap Rate

About This Property

What a special find in Gulf Gate Woods! This home is one of only a handful in this desirable section of Gulf Gate, situated on 80 +/- feet of picturesque bayou. Enjoy watching the birds congregate at the park across the water, eliminating rear neighbors and providing a feeling of tranquility and privacy, all while being centrally located to everything Sarasota has to offer! Entertain year-round on your covered and screened-in lanai and large pool. Lovely views of the pool and waterway can be enjoyed from both the family/kitchen area and the primary bedroom. Built-ins in the family and living rooms add to the charm of the home. With separate living, family, and dining areas, plus 4 true bedrooms, there's plenty of room to roam. Conveniently, there is access from the pool area to the second bath. New appliances in the kitchen and a new tile roof in 2022 make this home a blank canvas ready for you to make your own.
Unit Size
1,909 Ft²
Days on Market
34 days
Land Size
0.22 acres
Price per sqft
$314
Property Type
House
Property Taxes
$745
HOA Dues
$6
Year Built
1975

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 years ago (Stellar MLS #A4601675)

Price History

Date / Event Date Event Price
Apr 5, 2024 Sold
Premium
Sold
Mar 5, 2024 In contract -
In contract
Mar 2, 2024 Listed by COLDWELL BANKER REALTY $599,000
Listed by COLDWELL BANKER REALTY
Feb 4, 2020 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 600
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 111
  • Pool Type: 8
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 9,600
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,509
  • Gross Building Area: 2,533
  • Building Area: 1,909
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,909
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GULF GATE WOODS UNIT 4
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 5, BLK 89, GULF GATE WOODS UNIT 4

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: L011 A055 F052
  • Census Tract: 002004

Zoning

  • Zoning: RSF3

Geography

  • Assessors Map Reference: 29-21
  • Account Number: 0112070018
  • Subdivision Tract Number: 1826
  • Parcel: 0112-07-0018
  • Block: 89
  • Lot: 5
  • Meridian: SEC 21 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2451
  • Longitude: -82.505

    Address

  • Full Address: 7566 Biltmore Dr
  • Legal Unit: 4
  • Address - House Number: 7566
  • Address - Street Name: Biltmore
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C007
  • 4-Digit Zip Code: 6906
  • Zip Code: 34231

Valuation

    Tax

  • Total Area: 2,807
  • Tax Year: 2023
  • Tax Amount: $909,348
  • Tax Rate Code Area: 1100

    Appraisal Valuation

  • Standard Deviation: 0.0817
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 589,532
  • High Value: 637,721
  • Low Value: 541,343

    Market Valuation

  • Market Total Value: $427,700
  • Market Land Value: $148,000
  • Market Improvement Value: $279,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $427,700
  • Assessed Land Value: $148,000
  • Assessed Improvements Value: $279,700

    Sales

  • Current Sale Contract Date: Feb 04, 2020
  • Current Sale Recording Date: Feb 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 61
  • Current Sale Input Document Number: 2020016087
  • Previous Sale Recording Date: Feb 04, 2020
  • Previous Sale Contract Date: Feb 04, 2020
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gulf Gate Woods

Stats & Trends

Median Asking:

$511,000

Sale Price/ft²

$285

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1856 ft²

Average Home Age

52 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2308 Waterbluff Place, FL, 34231

$4,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,312 ft²
2308 Waterbluff Place #V304, FL, 34231 Listing by Chrissie Cummings
Unit for rent at 3223 Rowena Street, FL, 34231

$4,170 /mo

  • 4 Beds
  • 3 Baths
  • 2,054 ft²
3223 Rowena Street, FL, 34231 Listing by Andy Moore
Unit for rent at 3137 Campbell Street, SARASOTA, FL, 34231

$3,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,318 ft²
3137 Campbell Street, SARASOTA, FL, 34231 Listing by Nazar Bas

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Jen Topjun
COLDWELL BANKER REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4601675
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 7566 Biltmore Drive built and last sold?
The property at 7566 Biltmore Drive was built in 1975 and last sold on Feb 4, 2020 for $315,000.
How much is this home worth?
The estimated value of the home located at 7566 Biltmore Drive is $604,990.
What are some comparable homes to 7566 Biltmore Drive?
There are currently no comparable homes to 7566 Biltmore Drive.
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