Two-Bedroom Residential Income
New
For Sale
$240,000
4025 CROCKERS LAKE BOULEVARD #22, Sarasota, FL 34238
The second-floor home has water views throughout and a private balcony accessed from the primary suite.
Property Size1,119 SF
Price / SF$214.48
Days on Market5
Property Features for 4025 CROCKERS LAKE BOULEVARD #22
General Information
Standard status
Active
Size
1,119 SF
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
swimming pools
hot tub
tennis
pickleball
basketball
fitness center
clubhouse
walking paths
fish docks
private balcony
Building Details
Year Built
1989
Listing Agency:
MICHAEL SAUNDERS & COMPANY
(941) 349-3444
Listed By:
Pat Rodriguez · License #3342115
(941) 685-5805
Source:
Dennisrealty
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 7:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MICHAEL SAUNDERS & COMPANY
Investment Insights
Based on property information with market context.
This 1,119-square-foot, two-bedroom, two-bath condo occupies the second floor of Vintage Grand. Built in 1989, the unit features wood flooring in the bedrooms, granite kitchen countertops, and wood cabinetry. Water views extend across the home, and the primary suite opens to a private balcony.
Community amenities include two swimming pools, a hot tub, tennis and pickleball courts, basketball, a 24-hour fitness center, a clubhouse, and paths around a lake with fish docks. The Legacy Trail is within walking distance, and Siesta Key Beach is a short drive away. The property is across from the Sarasota Square redevelopment.
Community amenities include two swimming pools, a hot tub, tennis and pickleball courts, basketball, a 24-hour fitness center, a clubhouse, and paths around a lake with fish docks. The Legacy Trail is within walking distance, and Siesta Key Beach is a short drive away. The property is across from the Sarasota Square redevelopment.
Key Highlights
- Two‑bedroom, two‑bath condo with 1,119 square feet
- Second‑floor unit with water views throughout
- Private balcony accessed from the primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,191
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,820
$203.8K
Cap Rate 7%
$145,586
$145.6K
Cap Rate 9%
$113,233
$113.2K
Market Conditions
NOI Build-Up for 1,119 SF
Gross rent
$20.7K $18.48/SF
− Vacancy
−$2.2K −$1.92/SF
EGI
$18.5K $16.56/SF
− OpEx
−$8.3K −$7.45/SF
NOI
$10.2K $9.11/SF
Area
Sarasota County, FL
Vacancy
10.40%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,820
Cap Rate 7%
$145,586
Cap Rate 9%
$113,233
Alternative Uses
Best Use
Apartment 5plus
$145.6K
$127.4K – $169.9K
NOI $10,191 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.0K
$278.3K – $371.0K
NOI $22,262 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
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Business Placement
Demographics for 34238, FL
22,050
Population
14,301
Households
1.5
Avg Household Size
64
Median Age
54%
College-Educated
97%
High-School Grad
13.2 sq mi
ZIP Area
1,670
Density / Sq Mi
$94,583
Median Household Income
$52,322
Median Earnings
$1,828
Median Rent
$532,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor home has water views throughout and a private balcony accessed from the primary suite.
Where is this residential income property located?
The property is located at 4025 CROCKERS LAKE BOULEVARD #22 Sarasota, FL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condo with 1,119 square feet; Second‑floor unit with water views throughout; Private balcony accessed from the primary suite
