8144 STERNWAY ROAD
About This Property
Designed for effortless Florida living, the bright open-concept floor plan features soaring ceilings, abundant natural light, and a chef-inspired kitchen with quartz countertops, stainless steel appliances, a gas range, generous cabinetry, and a large center island overlooking the spacious living and dining areas. The extended 12-foot covered lanai with a panoramic screen enclosure creates an exceptional outdoor living space with peaceful water views and seamless indoor-outdoor entertaining. A natural gas connection is already in place, making it easy to add the outdoor kitchen or grill you've always wanted.
Thoughtful upgrades continue throughout the home, including smart ceiling fans in every room and on the lanai, TV-height electrical outlets with Cat6 wiring at every television location for a clean, modern entertainment setup, remote-controlled roller blinds in every bedroom, a dedicated 240V/60-amp garage connection ready for electric vehicle charging, a driveway security camera, and a video doorbell camera for added convenience and peace of mind.
The private owner's suite offers a spacious walk-in closet, dual vanities, and a beautifully appointed walk-in shower, while two additional bedrooms provide flexibility for guests, a home office, or hobbies.
Life at LakeHouse Cove at Waterside extends far beyond your front door. Residents enjoy a spectacular lakefront clubhouse, resort-style pool and spa, state-of-the-art fitness center, pickleball and bocce courts, kayak launch and storage, scenic walking and biking trails, dog parks, and an active social calendar.
Even better, you're just a short walk or golf cart ride to Waterside Place, where waterfront dining, boutique shopping, live music, a weekly farmers market, and year-round events create one of Sarasota's most desirable lifestyle destinations. Downtown Sarasota, UTC, SRQ Airport, and the area's award-winning Gulf beaches are all just a short drive away.
Luxury, location, lifestyle-and all the premium upgrades are already done. This is a rare opportunity to own a truly move-in-ready home in one of Waterside's most desirable communities.
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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 |
|---|---|---|---|
| Oct 15, 2026 | Sold | ||
| Sold | |||
| Sep 26, 2026 | In contract | - | |
| In contract | |||
| Aug 15, 2026 | Price Decreased |
$599,999
↓ $20K
(3.2%) | |
| Price Decreased | |||
| Jul 27, 2026 | Listed by EXP REALTY, LLC | $619,999 | |
| Listed by EXP REALTY, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017