Under contract-accepting backup offers. Virtually Staged. Short
Sale. Privately positioned at end of a tranquil cul-de-sac in the
prestigious gated enclave of University Place, this distinguished
estate occupies the largest homesite in the community, offering an
uncommon sense of space, privacy and refinement. Designed for
elevated Florida living, the residence seamlessly blends
architectural sophistication with resort-inspired outdoor luxury.
The expansive rear grounds have been masterfully curated to create
an extraordinary private retreat. An award-winning pool anchors the
setting, enhanced by cascading water features, sculptural fire
bowls, a 10-person spa and an elegant fire pit. A fully appointed
summer kitchen and additional under-building living area provide
exceptional versatility for entertaining and relaxation, day or
evening. The interior layout is equally thoughtful, accommodating
multigenerational living with a private suite ideal for extended
family or guests. A strategically placed bath also serves as a pool
bath, reflecting the home's intuitive design and effortless
indoor-outdoor flow. The expansive entertaining kitchen serves as
heart of the home, anchored by a generous island and complemented
by stainless steel appliances and an abundance of finely crafted
wood cabinetry, designed to balance everyday functionality with
effortless elegance. The primary suite is a private sanctuary,
offering direct access to the pool terrace, bespoke dual built-in
closets and a spa-inspired atmosphere designed for rest, comfort
and quiet luxury. Residents of University Place enjoy access to two
exclusive recreation centers featuring resort-style pools, fitness
facilities, outdoor kitchens with natural gas grills and scenic
walking trails winding around serene, fountain-lit lakes. The
community's Charleston-inspired streetlamps and flowering baskets
contribute to its timeless charm and impeccable presentation.
Ideally in the heart of the Sarasota–Bradenton corridor, the home
offers immediate access to the UTC lifestyle premier shopping, fine
dining, cultural attractions and Benderson Park, along with
proximity to Interstate 75, downtown Sarasota and Bradenton, and
world-renowned beaches of Siesta Key and Longboat Key. Golf, tennis
and pickleball are moments away. A rare offering in one of the
region's sought-after gated communities, this exceptional residence
represents the pinnacle of Florida living where privacy, elegance
and location converge.
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.
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