7763 NIGHTFALL TERRACE
About This Property
Completing the upstairs a spacious game room and oversized loft provide endless flexibility-movie nights, game days, play zones, or creative spaces that evolve with your family.
Outside, the screened lanai becomes the heart of the home, where evenings are spent floating in the pool, watching spectacular sunsets over the lake and green space beyond, and savoring the peaceful rhythm of Florida living. The lanai is outdoor kitchen ready with plumbing, gas, water, and electricity already in place.
The home is equipped with solar panels providing full home energy consumption, resulting in exceptionally low average power bills of approximately $75/month. Located within a gated, amenity-rich community, residents enjoy an active lifestyle with indoor and outdoor basketball courts, sand volleyball, soccer field, rock climbing wall, ping pong, resort-style pool, mini-Olympic pool, splash pad, playground, dog park, and an onsite cafe for convenient dining. Walking distance to the new Skye Ranch K–8 School and just minutes to I-75, offering quick access to shopping, dining, and the world-renowned Siesta Key Beach with its sugar-sand shoreline.
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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 29, 2026 | Sold | ||
| Sold | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Price Decreased |
$719,900
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Mar 13, 2026 | Price Decreased |
$724,700
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Feb 9, 2026 | Listed by FINE PROPERTIES | $734,700 | |
| Listed by FINE PROPERTIES | |||
Property Highlights
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Price/ft²
Listed On
Sold On
About Sarasota
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017