OFF_MARKETExcellent Deal248 days on market

388 S Shore Dr

388 S Shore Dr, Sarasota, FL 34234, Sarasota, FL 34234
$18,950,000

Listing Price

Property image 1
388 S Shore Dr, Sarasota, FL 34234
Loc: Sarasota, FL
Days Listed
248
Tax Assessed
$2388k
Lot Size
0.46 acres
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

4

Emma E. Booker Elementary School

PK-5
2.8 mi away
5

Booker Middle School

6-8
2.5 mi away
3

Booker High School

9-12
1.7 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
8.48%
Total ROI
32.1%
Cash Flow
$38,130/mo
DSCR
1.40
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2025-10-02Listed for sale$18,950,000$2,551
2021-04-06Sold$2,300,000$310
2021-03-09Pending sale$2,390,000$322
2021-03-02Listed for sale$2,390,000$322
2020-02-13Listing removed$2,488,000$335
2019-07-01Listed for sale$2,488,000$335
2017-07-08Listing removed$1,900,000$256
2016-03-10Price change$1,900,000$256
2016-01-07Listed for sale$1,950,000$263
2015-10-19Listing removed$1,950,000$263
2015-05-09Listed for sale$1,950,000$263
2013-08-14Sold$1,200,000$162
2012-12-10Listed for sale$1,495,000$201

Tax History

YearProperty TaxTax Assessment
2025$35,574.38$2,388,400
2024$36,593.96$2,500,500
2023$36,138.43$2,452,800
2022$33,906.59$2,279,200
2021$20,651.02$1,189,870
2020$17,322.03$1,081,700
2019$19,517.14$1,222,200
2018$19,517.14$1,152,400
2017$18,312.03$1,031,890
2016$20,846.13$1,029,200
2015$20,846.13$1,216,000
2014$19,888.4$678,473
2013$11,418.62$1,087,200
2012$10,991.2$667,132
2011$10,523.1$647,701
2010$10,514.1$638,129
2009$9,583.3$621,352
2008$9,583.3$620,731
2007$9,595.22$602,651
2006$0$587,952
2005$0$570,827
2004$9,803.6$554,201
2003$9,940.96$543,867
2002$9,740.93$531,120
2001$9,130.47$522,756
2000$8,883.64$507,530
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
5
Baths
5
Sq Ft
7,428
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $18,950,000Rent Basis: Modeled Estimate ($151,600/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $9,475/mo
Haven ScoreNeutral
4/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
6.67%

NOI: $1,263,678/yr

Cash-on-Cash Yield
1.9%

On $4,358,500 invested

DSCR Ratio
1.07x

Tight qualification

5-Yr Leveraged ROI
+103.8%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$1,951/mo
Homeowner / Hazard Insurance-$9,475/mo
Vacancy Reserve (5% of rent)-$7,580/mo
Repairs & Maintenance (10% of rent)-$15,160/mo
Property Management (8% of rent)-$12,128/mo
Total Pure Operating Expenses-$46,294/mo
Net Investor Cash Flow
Gross Scheduled Rent+$151,600/mo
Less: Operating Expenses-$46,294/mo
Net Operating Income (NOI)+$105,306/mo
Less: Debt Service (30yr @ 6.75%)-$98,327/mo
Net Cash Flow
$6,979/mo
$83,748/year
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