116 GARDEN LANE
About This Property
Crafted for low-maintenance luxury, the residence features solid concrete construction, a standing-seam metal roof, impact glass throughout, and spray foam insulation-yielding minimal upkeep, low utility costs, and no HOA restrictions. An elevator provides effortless access across all four levels.
The ground floor welcomes you with an oversized single-car garage, an entry foyer, and a versatile storage room that opens directly to a private, sunlit patio for intimate outdoor entertaining. The second level serves as a guest sanctuary complete with three bedrooms, two designer full baths, and a dedicated secondary lounge.
On the third floor, the core gathering space centers around a chef-inspired gourmet kitchen equipped with custom cabinetry, premium quartz countertops, stainless steel appliances, and a grand center island. Adjacent luminous living and dining areas flow seamlessly to a covered patio with water views. The top floor serves as an exclusive primary suite-featuring a dedicated executive home office space and a secluded balcony overlooking the water.
Complete with natural gas, tankless water heating, and high-end eco-conscious finishes throughout, this exceptional residence presents a turnkey opportunity for luxurious personal living or a high-yielding luxury rental investment.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2026 | Listed by LIST NOW REALTY, LLC | $1,995,000 | |
| Listed by LIST NOW REALTY, LLC | |||
| Mar 3, 2025 | Listed | $2,300,000 | |
| Listed | |||
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Modern Luxury, Minimal Upkeep—The Perfect Siesta Key Escape. Luxury meets practicality in this stunning, low-maintenance Siesta Key home on the quiet and desirable North End. Designed for modern lifestyles, this contemporary retreat offers breathtaking Gulf views, exclusive deeded beach access, and a flexible multi-level layout—perfect for entertaining or relaxing. Built with sustainable, storm-resistant materials, this home provides peace of mind, energy savings, zero-yard work, and is near Siesta Village, the North bridge, and downtown Sarasota, so you can focus on living. *Effortless Living with Mesmerizing Views* The 3rd floor main living area is designed for effortless entertaining and relaxation. A gourmet chef’s kitchen, complete with high-end appliances, custom cabinetry, and quartz countertops anchors the space, flowing seamlessly into an open-concept dining and living area. Step onto the expansive lanai to soak in panoramic glimpses of the Gulf, Big Pass, and Lido Key—the perfect spot for your morning coffee or sunset cocktails. *Flexible Spaces for Comfort & Privacy* Thoughtfully designed for privacy and togetherness, this home features a unique multi-level layout that ensures everyone has their own space while staying connected. The primary suite occupies the entire 4th floor, creating a private sanctuary complete with a spa-inspired bath, dedicated workspace that can easily be converted into a walk-in wardrobe, and an open balcony with coastal breezes and shimmering water views. On the 2nd level, three bedrooms and two full baths provide a comfortable retreat for family and visitors. A secondary living area with patio on this floor offers a versatile space—perfect for a media room, play area, or private lounge, plus easy access to the garden and beach access via exterior stairs. With the main living area positioned in between bedroom floors, there is just the right balance of separation and connection, ideal for multi-generational living, guests, or simply enjoying a sense of personal retreat within the home. *Architectural Excellence & Sustainable Design* Crafted with eco-conscious materials and smart design, this home is incredibly energy-efficient, providing long-term cost savings and environmental benefits. Built in 2017 by luxury homebuilder MGB – My Green Building, it feels like new and has been meticulously maintained. Designed to withstand Florida’s toughest storms, it has proven its fortress-like strength in recent weather events, delivering durability and peace of mind.
*A Versatile Retreat for Every Lifestyle* Designed for luxury and convenience, this home features a private elevator servicing all four floors, a flexible, open-concept layout, and ample space for both intimate gatherings and grand entertaining. Whether you envision it as a full-time home, seasonal escape, or a high-end investment property, it offers the ultimate Siesta Key lifestyle without HOA fees. Exclusive deeded beach access is just steps away. You can start your mornings with a peaceful stroll along the shore, launch a kayak or paddleboard into the turquoise water, or simply sink your toes into the soft, white sand. As the day winds down, sip a cocktail from your balcony while watching the legendary Siesta Key sunsets. As an added bonus, there is plenty of storage space for all your gear. This is more than just a home—it’s a private coastal sanctuary where every day feels like a vacation. Move in and start living your island dream today!
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| May 14, 2021 | Sold | ||
| Sold | |||
| Apr 1, 2021 | No longer available | - | |
| No longer available | |||
| Mar 19, 2021 | Price Decreased |
$1,649,000
↓ $100K
(5.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017