75
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861 NECTAR ROAD
About This Property
A private-entry first-floor in-law suite with wet bar and full bath creates an ideal setup for short-term rental income, guest quarters, or multi-generational living. The main living level showcases rich oak flooring, an open-concept design, and a beautifully appointed kitchen featuring custom wood cabinetry, quartz countertops, and stainless-steel appliances. The primary suite is conveniently located on this level, while the expansive wraparound porch delivers the ultimate indoor-outdoor Florida lifestyle experience.
The upper level offers additional value with a loft/media space, two bedrooms, and a full bath-perfect for accommodating guests or maximizing rental occupancy.
Designed with both lifestyle and functionality in mind, the oversized two-car garage includes a hurricane-rated glass smart garage door, custom steel Diebold workshop, LED lighting, and a dedicated A/C system with humidity control. An extended driveway provides ample space for boats, RVs, or multiple vehicles.
Significant upgrades include a newer roof (2018), water heater (2022), two A/C units (2023 & 2024), and NEW exterior painting just completed-including the decks-ensuring a turnkey, move-in or rent-ready opportunity. HVAC DUCTS JUST CLEANED (8/2026).
Ideally located with no HOA restrictions, just minutes from the South Venice Beach Ferry (private beach and boat launch access), historic downtown Venice, Englewood Beach, Wellen Park, and the Atlanta Braves spring training facility.
An outstanding opportunity for investors or second-home buyers-this property is perfectly positioned for Airbnb or short-term rental success, offering strong income potential in a prime coastal market.
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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 |
|---|---|---|---|
| Jul 19, 2026 | Relisted | $600,000 | |
| Relisted | |||
| Jul 14, 2026 | In contract | - | |
| In contract | |||
| Apr 20, 2026 | Listed by COLDWELL BANKER REALTY | $600,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| Jun 19, 2025 | Price Decreased |
$695,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| May 13, 2025 | Price Decreased |
$699,999
↓ $49K
(6.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017