916 Casey Cove DRIVE
About This Property
Nestled along the picturesque shores of Blackburn Bay, this residence boasts an EXCLUSIVE DEEDED GATED PRIVATE BEACH ACCESS and DIRECT ACCESS to the Intracoastal Waterway, with water access depths of 6+ feet. Boaters will find their dream come true with depths of approximately 25' (4' at low tide), transforming the Intracoastal Waterway into a playground that seamlessly provides access to the Gulf of Mexico, a mere 2 miles away. The dock, equipped with a lift and a kayak launch, awaits your maritime adventures.
As you arrive, lush and well-maintained grounds lead to the entrance of the home. Enter, and the coastal elegance of the surroundings seamlessly transitions into the interior. The first floor invites you with a harmonious flow of spaces, featuring an elegant kitchen adorned with new appliances, a spacious dining room, a cozy nook, and a living room that opens to the picturesque pool and travertine patio. Three guest suites and a convenient laundry room complete the first floor, ensuring both comfort and functionality.
Ascend to the second floor, where the owner's suite reigns supreme. Take in breathtaking bay views from the private balcony, a perfect spot to begin and end the day. Witness dolphins and manatees gracefully navigating the waters, creating a tranquil backdrop to relax in blissful serenity. A tray ceiling adds an elegant touch to the primary bedroom, complemented by a spacious bathroom featuring a soaking bath and a walk-in shower. A private study off the suite offers a quiet retreat to read, work, or simply unwind.
Luxury details, including high ceilings, arches, and columns on the first floor, seamlessly blend with the newer travertine flooring, creating an interior that harmonizes with the tropical allure of the property. Abundant natural light fills the spaces, creating a vibrant and inviting atmosphere. The entire home is a showcase of recent upgrades, boasting a NEW ROOF, interior and exterior paint, updated impact windows, and a new HVAC and water heater.
The REMODELED POOL, nestled amidst meticulously landscaped surroundings, beckons with its refreshing allure, becoming a centerpiece of relaxation. Conveniently located near Nokomis Beach, historic Venice Island, downtown Sarasota, restaurants, shopping, and the Legacy Trail, this home seamlessly blends accessibility with the irresistible charm of a tropical getaway.
Immerse yourself in elevated waterfront living, where the interior spaces complement the natural beauty of Casey Key, creating a truly exceptional and tropical living experience.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 30, 2024 | Sold | ||
| Sold | |||
| Mar 26, 2024 | In contract | - | |
| In contract | |||
| Feb 27, 2024 | Price Decreased |
$3,250,000
↓ $145K
(4.3%) | |
| Price Decreased | |||
| Jan 26, 2024 | Listed by KELLER WILLIAMS ON THE WATER S | $3,395,000 | |
| Listed by KELLER WILLIAMS ON THE WATER S | |||
| Nov 18, 2002 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017