4819 Sea Island AvenueSarasota, 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 type

Residential

Sub-type

Mobile Home

Year built

1968

Living area

915 Sq Ft

Lot size

0.08 acres

Ownership

Fee Simple

Zoning

RMH

Days on market

151

MLS^® Listing#

A4689720

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

Financial Details

HOA

$1,648 / AnnuallyAssociation: Dean Chandler

Annual taxes

$2,773Tax year 2025

Parcel number

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