8083 WATERBEND TRAIL
About This Property
Set on the second-largest lot in Lakehouse Cove, this 4-bedroom residence sits between a wildlife preserve out front and more than 2,200 feet of long lake views out back. Neighbors stay at a comfortable distance. The lake itself sits on the path to Celery Fields Wildlife Habitat, so birds and other wildlife feed here and continue on their way.
Walk through the front door and the lake is the first thing you see. The open floor plan, created by removing columns for a true great-room feel, pairs with a split-bedroom layout. Builder upgrades include an extended garage, a half bath, tray ceilings, 3-zone AC, impact windows and doors, upgraded tile, cabinets and counters, and plantation shutters.
Outside, an extended covered patio with a summer kitchen, heated saltwater pool, and a frameless screen keeps the water views completely unobstructed. It's built for mornings and evenings on the lake. Properties with this combination of lot size, lake frontage, and preserve setting don't come up often.
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2026 | Price Decreased |
$1,649,900
↓ $149K
(8.3%) | |
| Price Decreased | |||
| Aug 15, 2026 | Price Decreased |
$1,799,000
↓ $50K
(2.7%) | |
| Price Decreased | |||
| May 18, 2026 | Price Decreased |
$1,849,000
↓ $50K
(2.6%) | |
| Price Decreased | |||
| Jan 19, 2026 | Listed by COMPASS FLORIDA LLC | $1,899,000 | |
| Listed by COMPASS FLORIDA LLC | |||
| Aug 28, 2020 | Sold | ||
| Sold | |||
Property Highlights
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About Sarasota
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017