$7,390,000
Investment Summary
- Monthly Cash Flow
- -$37,285
- Cap Rate
- 0.1%
- Cash-on-Cash Return
- -26.3%
- Debt Coverage Ratio
- 0.02
- Internal Rate of Return (5 years)
- -21.4%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
A private legacy estate on Siesta Key. Behind a private gate and walled perimeter on one of Siesta Key’s largest residential parcels, this majestic waterfront estate offers a rare opportunity to own a generational property of striking character, scale, and serenity. Set on 1.6 lushly landscaped acres with 132 feet of direct frontage on Little Sarasota Bay, the residence is introduced by a long, winding paver drive, framed by mature oaks and a tranquil pond with fountain — a cinematic approach that sets the tone for what’s to come. Designed for those who value privacy without compromise, the estate offers a seamless blend of timeless architecture, expansive outdoor living, and exclusive access to the bay and beach. In addition to its commanding bayfront presence, the property includes deeded private Gulf beach access just across the way — an extremely rare amenity for bayfront living on Siesta Key. Custom-built in 2002 and surrounded by multi-level terraces, the 5,727-square-foot residence captures sweeping eastern views of the Intracoastal Waterway from nearly every principal room. A dramatic two-story foyer opens to the grand living room, where 20-foot ceilings, triple sets of French doors, and a carved gas fireplace frame the water beyond. The formal dining room features a crystal chandelier, intricate ceiling medallion, and custom wainscoting — ideal for elegant gatherings. The newly updated kitchen features 42-inch cabinetry, Carrara marble countertops, a professional Wolf gas range, Sub-Zero refrigerator, center island, and an oversized walk-in pantry. It opens naturally to the breakfast and family rooms, all with direct access to the terrace and bayfront views. The richly paneled cherry library offers a handsome retreat, complete with fireplace, built-ins, and a tin ceiling, along with terrace access. The second-floor primary suite is a luxurious escape with a private bayfront terrace, 13- foot ceilings, sitting area with fireplace, dual custom walk-in closets, and a marble-clad bath with soaking tub, dual vanities, and walk-in shower. Three additional en-suite bedrooms — including one on the main level — provide comfortable accommodations for guests or multi-generational living. A heated saltwater infinity-edge pool with spillover spa anchors the outdoor living spaces, enhanced by tropical landscaping, landscape lighting, and a covered patio ideal for alfresco dining. Car collectors will appreciate the garage space for 10-plus vehicles beneath the main living level, with dual side entry, elevator access and climate-controlled storage. Additional features include a greenhouse, whole-house fire sprinkler system, natural gas, hurricane shutters and impact screens, and irrigation via private well. Just minutes from Siesta Key Village and downtown Sarasota, this estate offers an unmatched combination of privacy, beauty and legacy potential in one of Florida’s desired coastal communities.
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Location
Property Details
Parking
- Description: Circular Driveway, Driveway, Garage Door Opener, Garage Faces Rear, Garage Faces Side, Guest, Open, Oversized, Secured
- Details: Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Parking Pad, Attached
- Garage Spaces: 10
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 11
- # of Stories: 3
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood Siding
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Metal
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0129010006
- Lot Size: 69260 sqft
Property Information
- Property Type: Single Family Residence
- Style: Custom, Elevated
- Year Built: 2002
Tax Information
- Annual Tax: $60,225
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Sarasota
Listing Details
Investment Summary
- Monthly Cash Flow
- -$37,285
- Cap Rate
- 0.1%
- Cash-on-Cash Return
- -26.3%
- Debt Coverage Ratio
- 0.02
- Internal Rate of Return (5 years)
- -21.4%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $7,390,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$5,912,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $1,478,000 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $221,700 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $1,699,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,727 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,290 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.41 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $5,912,000 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.625% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $37,855 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $5,019 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $567 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $43,441 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $8,100 | $97,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$486 | -$5,832 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,614 | $91,368 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 62% | -$5,019 | -$60,225 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$567 | -$6,804 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$648 | -$7,776 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$405 | -$4,860 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$405 | -$4,860 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | n/a | n/a | n/a |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 87% | -$7,044 | -$84,525 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $570 | $6,840 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$37,855 | -$454,260 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $37,285 | $447,420 |