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Sarasota 34242 Bay Island Shores
775 Freeling Dr DRIVE
$800,000
● Land - Off Market

775 Freeling Dr DRIVE

Sarasota, FL 34242
bedrooms
Studio
bathrooms
0 Bath
$2,183,447
RealtyHop Estimate
129.84%
Since Dec 1, 2011
National-US
Primary Model

About This Property

DEEP SAILBOAT WATER. EXCLUSIVE NEIGHBORHOOD. NEW DEEP WATER DOCK JUST INSTALLED FOR 75 FOOT BOAT WITH DUAL LIFTS 10K AND 16K.  HOME HAS HAD SOME UPDATING.  108 FRONTAGE ON BOAT BASIN.  BUILD YOUR DREAM HOME HERE!!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$1,249
HOA Dues
-
Year Built
2013

Payment Calculator

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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 #A289896)

Price History

Date / Event Date Event Price
Nov 23, 2011 Sold
Premium
Sold
Nov 12, 2004 Sold
Premium
Sold

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 927
  • Parking Space Count: 4
  • Patio Type: 60
  • Porch Type: 111
  • Pool Type: 8
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 17,780
  • Total Building Area: 5,494
  • Gross Building Area: 5,734
  • Building Area: 4,567
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 4,567
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY ISLAND SHORES UNIT 2
  • Land Acres: 0000000408
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 40 BAY ISLAND SHORES UNIT 2

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T02 T02D A055
  • Census Tract: 001903

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 21
  • Account Number: 2019160003
  • Subdivision Tract Number: 1030
  • Parcel: 2019-16-0003
  • Lot: 40
  • Meridian: SEC 36 TWN 36S RNG 17E
  • Municipality: CITY OF SARASOTA
  • Latitude: 27.3004
  • Longitude: -82.5504

    Address

  • Full Address: 775 Freeling Dr
  • Legal Unit: 2
  • Address - House Number: 775
  • Address - Street Name: Freeling
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C028
  • 4-Digit Zip Code: 1022
  • Zip Code: 34242

Valuation

    Tax

  • Total Area: 7,791
  • Tax Year: 2023
  • Tax Amount: $2,883,660
  • Tax Rate Code Area: 0200

    Appraisal Valuation

  • Standard Deviation: 0.4696
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 6
  • Final Value: 4,504,171
  • High Value: 6,619,460
  • Low Value: 2,388,881

    Market Valuation

  • Market Total Value: $4,634,300
  • Market Land Value: $2,597,300
  • Market Improvement Value: $2,037,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,941,987

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 21, 2011
  • Current Sale Recording Date: Nov 23, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2011136069
  • Previous Sale Recording Date: Nov 12, 2004
  • Previous Sale Contract Date: Nov 08, 2004
  • Previous Sale Amount: $1,850,000
  • Previous Sale Document Type: 54
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 Bay Island Shores

Stats & Trends

Median Asking:

$4,195,000

Sale Price/ft²

$864

Below Asking

0.10%

Average Days on Market

127

Average Home Size

3957 ft²

Average Home Age

53 years

Currently For Sale

4 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

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STELLAR

Listed by: BRIAN LIVESEY
Waterside Realty LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A289896
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 775 Freeling Drive built and last sold?
The property at 775 Freeling Drive was built in 2013 and last sold on Nov 21, 2011 for $800,000.
How much is this home worth?
The estimated value of the home located at 775 Freeling Drive is $0.
What are some comparable homes to 775 Freeling Drive?
There are currently no comparable homes to 775 Freeling Drive.
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