9247 BLIND PASS ROAD
About This Property
Imagine a lifestyle defined by breathtaking sunsets over the Gulf of America, enjoyed from your own 180-foot private beach. Now, imagine strolling through your backyard, where your boat awaits in a protected, deep-water channel that opens into Little Sarasota Bay, through Midnight Pass and out to the Gulf of America in less than five minutes.! This is the reality offered by a .6-acre estate lot on the tranquil southern tip of Siesta Key, now on the market for the first time.
This irregularly shaped parcel is one of the few properties on the island that seamlessly blends the serenity of a private Gulf-front retreat with the convenience of immediate Intracoastal access. With the celebrated reopening of Midnight Pass, the vast, blue waters of the Gulf are a mere five-minute boat ride from your dock.
The groundwork for your dream home has already been laid. An in-depth engineering and geotechnical study has been conducted, ensuring this pristine land is ready for construction. This is more than a parcel of land; it is the foundation for a life of unparalleled coastal luxury. Seize this rare opportunity to own an exclusive piece of island paradise, creating a promising legacy for tomorrow.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017