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    3630 White Pine Ct, Unit 138 Sarasota, FL 34238

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    For Sale
    $360,000

    Turnkey furnished villa with amenities and income potential.

    Property size:
    1,353 SF

    Property Features for 3630 White Pine Ct

    General Information

    Standard status
    Active
    Size
    1,353 SF

    Building Details

    Year built
    1984

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    Listing Contact
    Monika Szkorupova
    Monika Szkorupova
    Source: Exitrealty

    Listing Agency: FLORIDA & NEW YORK REAL ESTATE Listing Agent: Monika Szkorupova

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Updated Villa Near Siesta Key

    This well-maintained villa, suitable for short-term rentals, is centrally located with convenient access to Beneva Road, Tamiami Trail, and Siesta Key Public Beach, which is approximately 5 miles away. The property features 2 bedrooms and 2 bathrooms, along with a 1-car garage and a screened-in lanai. The villa has been updated in recent years and is being sold turnkey furnished. The refrigerator was replaced in 2024 and includes a 5-year warranty, and the living room furniture was also updated in 2024. The A/C unit was replaced in 2022, and the garage door opener was replaced in February 2025. The property has a history of successful rental income. Interior features include a vaulted ceiling in the living room, tile flooring throughout, and an eat-in kitchen area. The kitchen is equipped with granite counters, a breakfast bar, and a laundry closet. The master suite includes a walk-in closet and a spacious shower. The screened-in lanai is accessible from both the living room and the master bedroom. The property also offers ample storage space. Residents have access to a range of amenities, including a pickleball court, tennis court, putting green, shuffleboard, heated pool, jacuzzi, and a clubhouse with billiards. Community grills and outdoor dining seating are located behind the clubhouse, all set within a landscaped area with ponds. Weekly rentals are permitted, and reservations are already in place for the 2026 season.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.4958965
    Latitude
    27.2392201

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    FAQs

    What type of property is this?
    Short term rental property - Turnkey furnished villa with amenities and income potential.
    Where is this short term rental property located?
    The property is located at 3630 White Pine Ct, Unit 138 Sarasota, FL.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: - Proven rental income history with existing reservations for 2026 and weekly rentals allowed.; - Prime location: Centrally located with easy access to major roads and only 5 miles to Siesta Key Public Beach.; - **Extensive amenities:** Enjoy the pickleball court, tennis court, putting green, shuffleboard, heated pool, jacuzzi, and clubhouse with billiards.
    (941) 966-8889
    Request Owner's contact information
    3630 White Pine Ct, Unit 138 Sarasota, FL 34238
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    Sarasota, FL 34238
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3630 White Pine Ct, Unit 138 Sarasota, FL 34238
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    Listing Contact
    Monika Szkorupova
    Monika Szkorupova
    Real Estate License ID: 3100434
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