780 TARAWITT DRIVE
About This Property
Mature trees and lush landscaping provide a tranquil and picturesque setting for relaxation and outdoor Florida living. A 1-car garage adds convenience to your everyday living, providing ample space for parking, storage, and easy access to your home. This home has hurricane-impact windows and doors that were installed in 2017, adding a crucial layer of protection. Additionally, upgrades such as a new roof (2017), new AC units (2017), and PVC sleeve inserts in copper pipes highlight a strong commitment to maintaining the home's infrastructure. The replacement of the garage door in 2015, coupled with the recent resurfacing of the garage floor, sidewalk, and driveway with epoxy coating in 2024, enhances both the functionality and aesthetic appeal of the property. Gutter screens have also been upgraded with protective screens to prevent clogging from trees and shrubbery.
The proximity to the deeded beach access and Joan Durante Park offers the perfect blend of relaxation and outdoor activities. Whether you want to soak up the sun on the Gulf of Mexico or explore nature trails, this location provides easy access. Longboat Key is renowned for its pristine, uncrowded beach, upscale amenities, and laid-back coastal lifestyle. Residents can relish the tranquility of a beachside community while living a short drive to St. Armands Circle and Sarasota's cultural attractions, entertainment, dining, and shopping. Whether you seek an investment property, vacation home, or permanent residence with rental income potential, this Longboat Key gem offers the perfect balance. You will want to take advantage of this rare opportunity to own a slice of paradise on the Florida coast, free from HOA and CDD fees. This exceptional home offers unparalleled value and the chance to enjoy coastal living at its finest. Schedule your private showing of this home today!
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Cap Rate Calculator
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 15, 2025 | Sold | ||
| Sold | |||
| Jun 16, 2025 | In contract | - | |
| In contract | |||
| Mar 9, 2025 | Price Decreased |
$900,000
↓ $100K
(10%) | |
| Price Decreased | |||
| Dec 28, 2024 | Price Decreased |
$999,950
↓ $45K
(4.3%) | |
| Price Decreased | |||
| Aug 24, 2024 | Listed by KW SUNCOAST | $1,045,000 | |
| Listed by KW SUNCOAST | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017