8363 VELDA TRAIL
About This Property
Offering nearly 3,000 square feet of thoughtfully designed living space, this 4-bedroom plus office, 3.5-bath home combines luxury upgrades, functionality, and modern design throughout. The open-concept floorplan features soaring ceilings, beautiful railing details, expansive living spaces, and abundant natural light showcasing serene lake views from the main living areas.
This home has been extensively upgraded beyond builder standards, including luxury vinyl plank flooring throughout the entire home with no carpet, upgraded oak staircase, 8-foot solid wood interior doors, upgraded hardware throughout, custom lighting fixtures, ceiling fans throughout the home, and custom shades throughout including motorized shades over the expansive triple pocket sliding glass doors.
The gourmet gas kitchen is beautifully appointed with upgraded Cafe Series appliances, generous entertaining space, and seamless flow into the dining and living areas overlooking the private backyard and lake. The dedicated front office/flex room was upgraded to provide an ideal work-from-home space with privacy and functionality.
Upstairs, an additional open loft/den seating area provides flexible living space perfect for a secondary living room, media space, playroom, or relaxation area.
One of the standout features of this property is the oversized premium homesite. The backyard features aluminum privacy fencing, lush mature privacy landscaping, tranquil lake views, and ample room to add a custom pool while still maintaining generous green space.
Designed for indoor-outdoor Florida living and entertaining, the covered lanai features a fully equipped outdoor kitchen complete with vent hood for grilling and backyard entertaining, creating the perfect space to enjoy lakefront sunsets and gatherings year-round.
Additional upgrades include whole-home Ethernet wiring in every room, whole-house water filtration system, reverse osmosis system at the kitchen sink, freshly painted exterior, and gutters installed around both the first and second stories for added functionality and protection.
Located within the highly desirable Skye Ranch community, residents enjoy resort-style amenities including pools, parks, trails, fitness amenities, playgrounds, and top-rated Sarasota schools, all conveniently located near shopping, dining, Siesta Key Beach, and I-75.
This is a rare opportunity to own a premium upgraded lakefront home with privacy, technology upgrades, designer finishes, outdoor entertaining space, and one of the most desirable lots in Skye Ranch. Seller willing to contribute toward closing costs or interest rate buydown.
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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 |
|---|---|---|---|
| Sep 27, 2026 | Price Decreased |
$649,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Sep 16, 2026 | Price Decreased |
$659,000
↓ $11K
(1.6%) | |
| Price Decreased | |||
| Aug 14, 2026 | Price Decreased |
$669,900
↓ $9K
(1.3%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$679,000
↓ $21K
(3%) | |
| Price Decreased | |||
| Jun 25, 2026 | Price Decreased |
$699,900
↓ $13K
(1.8%) | |
| Price Decreased | |||
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About Sarasota
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017