795 40th STREET
About This Property
Step inside to discover well-designed split bedrooms that provide ample privacy for the entire family. The spacious enclosed lanai provides additional living space. The original Terrazzo flooring adds a classic feel throughout the home. Picture yourself sipping a warm cup of coffee in the morning or indulging in a refreshing evening cocktail on the cozy front porch, soaking in the peaceful ambiance of the surroundings. It is not uncommon to spot the freiendly neighborhool gorgeous peacocks strolling down the streets.
Take advantage of the community's enchanting landscape, featuring mature oak trees that create a serene canopy for leisurely strolls. Just a short walk away, Indian Beach awaits with its stunning bay sunsets that paint the sky in vibrant hues. It's the perfect spot to gather your kayaks and fishing poles to embark on a day of adventure on the water.
This property boasts the option for short-term rentals, offering a fantastic opportunity to generate income, all while providing your guests with a memorable and comfortable stay.
Indian Beach Sapphire Shores is nestled between the shimmering waters of Sarasota Bay and the artsy allure of downtown Sarasota. You're in close reach of Sarasota's most iconic attractions, including the lush Jungle Gardens, SRQ Airport, the acclaimed Ringling Museum, the Asolo Repertory Theater, the renowned Van Wezel Performing Arts Center, and the stunning award-winning beaches that dot the coastline. Explore the lush landscapes of Siesta Key Beach, immerse yourself in the vibrant arts scene, or take a leisurely stroll through the charming streets of Downtown Sarasota.
For families, Bay Haven School of Basics Plus is just a stone's throw away, making this location even more desirable with top-rated education options. Don't miss the chance to make this exceptional home your own; it perfectly blends privacy, enchanting charm, and modern convenience in a neighborhood that embodies the spirit of old Florida. Priced to sell, schedule your showing today!
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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 |
|---|---|---|---|
| Jan 30, 2025 | Sold | ||
| Sold | |||
| Dec 15, 2024 | In contract | - | |
| In contract | |||
| Dec 7, 2024 | Listed by PREFERRED SHORE LLC | $448,900 | |
| Listed by PREFERRED SHORE LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017