For SaleRisky Deal203 days on market
5500 MERRIMAC DRIVE
5500 MERRIMAC DRIVE, SARASOTA, FL 34231, Sarasota, FL 34231
$1,597,000
Estimate®:$1,498,800
Listing Price
5500 MERRIMAC DRIVE, SARASOTA, FL 34231
Loc: Sarasota, FL
Days Listed
203
Tax Assessed
$1104k
Estimate®
$1499k
Market Rate
Lot Size
0.61 acres
Rent Estimate
$6,251/mo
Est. Cash Flow base
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.
9
Phillippi Shores Elementary School
PK-5
0.8 mi away
6
Brookside Middle School
6-8
1.9 mi away
7
Riverview High School
PK,9-12
0.7 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
craftsman-inspiredtropical-modernstucco-exteriorstone-pillarspaver-walkwaygable-rooflandscaped-gardensambient-exterior-lightingluxury-estatecurb-appealarchitectural-detailingevening-glowcontemporary-entryway
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.34%
Total ROI
9.7%
Cash Flow
$-5,173/mo
DSCR
0.38
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-5,173/mo net cash flow with a 2.3% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Sarasota, FL
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-07-22 | Price change | $1,597,000 | $572 |
| 2026-04-17 | Price change | $1,685,000 | $604 |
| 2025-11-11 | Price change | $1,770,000 | $634 |
| 2025-07-15 | Price change | $1,875,000 | $672 |
| 2025-05-17 | Price change | $1,970,000 | $706 |
| 2024-08-21 | Price change | $2,245,000 | $805 |
| 2024-07-17 | Price change | $2,295,000 | $823 |
| 2024-05-31 | Listed for sale | $2,400,000 | $860 |
| 2017-07-21 | Sold | $450,000 | $161 |
| 2017-06-01 | Listed for sale | $450,000 | $161 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $6,536.69 | $515,391 |
| 2024 | $6,305.82 | $492,120 |
| 2023 | $6,096.19 | $477,786 |
| 2022 | $5,914.17 | $463,870 |
| 2021 | $5,914.11 | $450,359 |
| 2020 | $5,936.01 | $444,141 |
| 2019 | $5,640.26 | $424,639 |
| 2018 | $5,640.26 | $416,721 |
| 2017 | $5,369.13 | $302,391 |
| 2016 | $4,054.73 | $697,800 |
| 2015 | $4,054.73 | $766,100 |
| 2014 | $4,051.11 | $287,466 |
| 2013 | $4,045.7 | $287,466 |
| 2012 | $3,962.51 | $282,661 |
| 2011 | $3,782.67 | $274,428 |
| 2010 | $3,848.65 | $270,372 |
| 2009 | $3,572.87 | $263,264 |
| 2008 | $3,572.87 | $263,001 |
| 2007 | $3,624.96 | $255,341 |
| 2006 | $0 | $249,113 |
| 2005 | $0 | $241,857 |
| 2004 | $3,767.24 | $234,813 |
| 2003 | $3,806.73 | $230,435 |
| 2002 | $3,779.07 | $225,034 |
| 2001 | $3,531.17 | $221,490 |
| 2000 | $3,429.11 | $215,039 |
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