7615 ALHAMBRA DRIVE
About This Property
The massive living room can host a large family or guests. Two sets of French doors invite you to step outside to a tropical retreat with large heated pool and spa that is remotely controlled and enclosed with screen enclosure. A covered lanai area is wonderful for meals while feeling connected to the outdoors. There is even an area with a firepit and chairs to relax and enjoy those rare, cool Florida evenings or to take a try at making smores!
The guest house has a separate private entrance and boosts a large living space, well equipped kitchen, stacked washer and dryer and 2 sets of sliding doors to access the pool area. House your guests here or rent for additional income.
There is a single car garage and a 2 car for a total of 3 enclosed spaces for vehicles.
The double lot yard is fenced with vinyl fencing for privacy creating a large space for outdoor games or secure parking for an RV, boat or other water toys.
Take a short walk to Palma Sola Yacht basin where you can fish and view visiting the visiting manatees . Residents can apply for a boat slip that will give you direct access to Palma Sola Bay. Enjoy a picnic at the park along the bay or just relax and view the fantastic sunsets that Florida is known for.
Palma Sola Park is conveniently located just a short drive to the white sandy beaches of Bradenton Beach, Holmes Beach and Longboat Key. It is a three mile drive to the world-renown IMG Academies. Explore downtown Bradenton for local dining and shopping. Visit downtown Sarasota, just 12 miles away, for local and fine dining and entertainment venues. Sarasota International Airport is nearby and Tampa International Airport is about an hour away, offering you or your guests multiple travel options.
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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 |
|---|---|---|---|
| Oct 14, 2025 | Sold | ||
| Sold | |||
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Jun 30, 2025 | Listed by WAGNER REALTY | $1,290,000 | |
| Listed by WAGNER REALTY | |||
| Apr 2, 2025 | Listed | $1,250,000 | |
| Listed | |||
| | |||
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Active AirBnB
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| Feb 12, 2025 | Relisted | $1,250,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017