4819 SEA ISLAND AVENUE, SARASOTA, FL 34234

Description

Investor Opportunity in a Sought-After 55+ Community – CAP Rate Over 11% with Yearly Lease Already in Place This is the kind of deal investors look for—immediate income, strong upside, and a property in a desirable over-55 community. This 2-bedroom, 1.5-bath home offers approximately 915 square feet of living space, plus a flexible bonus room that can easily function as a third bedroom, office, or den, increasing both appeal and potential value. Recent improvements, including a new carport and screened-in porch, add value while reducing near-term upgrade needs. The home also features an in-unit washer and dryer and an outdoor shower, adding convenience and livability for occupants. For investors seeking reliable cash flow with room to add value, this property checks all the boxes—leased, income-producing, and positioned for even greater returns. Tri-par Estates is a 55+ community that provides a wealth of amenities: enjoy a heated and cooled large pool for year-round swimming, a brand-new spa, tiki hut, pickleball courts, fitness center, shuffleboard, miniature golf, horseshoes, and various recreation hall rooms equipped with ping-pong, billiards, card tables, a kitchenette, sewing areas, and more. The expansive clubhouse regularly hosts dinners, dances, and other events. Situated only minutes from downtown Sarasota, you’ll have easy access to marinas, shopping, restaurants, museums, the world-renowned Siesta Key and Lido Key beaches, and Sarasota airport. In this special park and recreation district, residents own their land directly, with no separate HOA fees—an annual fee of $1,648 is included in your property taxes. Internet and TV included in the annual fee This is also a golf cart-friendly community with optional RV or boat storage when available. Don’t miss the opportunity to join this lively, well-established neighborhood in paradise.

Property Information

Property Features

Interior:

Built-in Features

Exterior:

Awning(s), Rain Gutters

Appliances:

Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer

Cooling:

Central Air

Heating:

Central, Electric

Flooring:

Tile, Vinyl, Wood

Pool:

Heated, In Ground

Laundry:

Inside

Patio:

Porch, Screened

Construction:

Metal Siding

Roof:

Metal

Community:

Clubhouse, Fitness Center, Pool, Sidewalks

Utilities:

Cable Available, Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected

Sewer:

Public Sewer

Water Source:

Public

Rooms

• 5x11First
• Bedroom 211.5x11First
• Den11x8First
• Kitchen11x10First
• Living Room11x21.5First
• Master Bathroom6x2.5First
• Master Bedroom8.5x7First

HOA & Tax

HOA:

Dean Chandler — $1,648/Annually

Annual Tax:

$2,773 (2025)

Parcel #:

0025140085

Directions

From 301 turn on Tri-Par Dr, Goover the bridge and take a left onto Blind Brook Dr, third right onto Boca Raton, Left onto Skokie Dr, Left onto Sea Island Ave. Second house on the right

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