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RAINBOW ROAD
About This Property
Rare opportunity to own an oversized 20,000 sq. ft. (200' x 100') vacant lot in desirable South Venice! Enjoy the freedom and flexibility to build the home you've always envisioned with the builder of your choice. No HOA, no deed restrictions, and no mandatory builder requirements-just the freedom to create your own piece of paradise, subject to Sarasota County building codes and applicable regulations.
Enjoy the South Venice lifestyle with convenient access to the South Venice Boat Ramp and Beach Ferry, where membership may be available for under $150 per year. Spend your days enjoying boating, fishing, and beautiful area beaches. Conveniently located near shopping, restaurants, local schools, downtown Venice, and the exciting shopping and dining destinations at Wellen Park.
Whether you're ready to build your forever home, create a seasonal Florida retreat, or invest in land in a desirable area of Sarasota County, this oversized homesite offers the space, flexibility, and location to make it happen. Bring your builder, bring your plans, and start living the Florida lifestyle you've been dreaming about!
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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 |
|---|---|---|---|
| Oct 30, 2026 | Listed by WHITE SANDS REALTY GROUP FL | $199,000 | |
| Listed by WHITE SANDS REALTY GROUP FL | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017