4819 Sea Island Avenue, Sarasota, FL 34234
Local realty services provided by:ERA Grizzard Real Estate
Listed by: angelo sammarco, michael sammarco
Office: exit king realty
MLS#:A4689720
Source:MFRMLS
Price summary
- Price:$139,000
- Price per sq. ft.:$91.03
- Monthly HOA dues:$137.33
About this home
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....
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Home facts
- Year built:1968
- Subdivision & Development:TRI-PAR ESTATES
- Listing ID #:A4689720
- Added:124 day(s) ago
- Updated:August 22, 2026 at 08:08 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Flooring:Luxury Vinyl, Tile, Vinyl, Wood
- Kitchen Description:Microwave, Range, Refrigerator
- Living area:915 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:1968
- Building area:915 sq. ft.
- Lot area:0.08 Acres
- Construction Materials:Metal Siding
- Exterior Features:Awning(s), Porch, Private Mailbox, Rain Gutters, Screened
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$139,000
- Price per sq. ft.:$91.03
- Tax amount:$2,773 (2025)
Features and amenities
- Appliances:Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
- Laundry features:Dryer, Inside, Washer
- Amenities:Built-In Features, Cable Connected, Cable TV, Ceiling Fans(s), Clubhouse, Fiber Optics, Fitness Center, Laundry, Maintenance, Natural Gas Connected, Pickleball Court(s), Pool, Spa/Hot Tub, Storage, Thermostat
- Pool features:Heated, In Ground, Outside Bath Access, Pool, Public Pool
Parking
- Parking description:1 Car Carport
- Carport spaces:1
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