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779 NECTAR ROAD
About This Property
The home was built in 2008 to post-Andrew Florida building codes, and it shows in the construction quality. Step through the 8-foot front doors into an open great room with 13-foot cathedral ceilings - the kind of volume that's hard to find at this price point. Ceramic tile runs through the main living areas, with the kitchen positioned to take full advantage of the open floor plan. Granite countertops, a convection oven, and a water filtration and softening system are already in place. The primary suite is positioned at the rear of the home with direct pool access, two walk-in closets, and a full bath featuring split vanities, a garden tub, and a dedicated shower stall. The remaining three bedrooms are well-proportioned at 12×12 and 12×11, each with their own storage - and a dedicated study/den adds flexibility for a home office or fifth sleeping space.
Two sets of large sliding doors open from the main living area directly to a screened pool deck enclosing an in-ground pool sized at approximately 13,000 gallons - built when pools were built bigger. The full perimeter of the home is protected by aluminum hurricane panels, covering all windows and both sets of sliders, giving you complete envelope protection that stores flat in the garage when not in use.
The HVAC system was replaced in 2025 with a Nest thermostat. The roof, well, and septic are original to the 2008 build - all have been maintained and the septic has been pumped regularly without issue. The property is in flood zone X, meaning no flood insurance is required.
South Venice has its own boat ramp 1.5 miles away and the South Venice Yacht Club 1.7 miles out. Challenger Park is a half mile from the door, Shamrock Park 2.3 miles. The South Venice Beach ferry - your shortcut to a private Gulf beach - is 1.4 miles away. Manasota Key Beach is 4 miles, Caspersen and Venice Beach each under 7, and Historic Downtown Venice is 5.7 miles.
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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 |
|---|---|---|---|
| Aug 2, 2026 | In contract | - | |
| In contract | |||
| Jun 19, 2026 | Price Decreased |
$544,990
↓ $20K
(3.5%) | |
| Price Decreased | |||
| May 31, 2026 | Price Decreased |
$564,990
↓ $10K
(1.7%) | |
| Price Decreased | |||
| May 18, 2026 | Relisted | $574,990 | |
| Relisted | |||
| May 11, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017