16148 PRESERVATION BOULEVARD
About This Property
This is a rare opportunity in Waterview Landing at Babcock Ranch: waterfront living on a nearly 300-acre lake where residents may have the ability to build a private dock, subject to community approval, and enjoy kayaking, paddleboarding, and electric boating directly from their backyard.
Perfectly positioned on an oversized 10,000+ sq ft waterfront homesite, this stunning Toll Brothers residence offers 4,442 total square feet of beautifully designed living space, created for the way families live today. From the moment you step inside, your eyes are drawn through the expansive open living areas to the sparkling lake beyond. Natural light pours through the home, while every detail feels warm, elevated, and intentionally designed.
This home doesn't just offer space. It offers possibility.
With flexible living areas throughout, the floor plan is ideal for multigenerational living, long-term guests, a live-in nanny, au pair, or private work-from-home space. The downstairs suite provides comfort and convenience, while the spacious downstairs flex room with adjacent full bath and oversized closet can easily function as a 5th bedroom, guest quarters, office, media room, or private retreat. Upstairs, an oversized loft-style den creates another natural gathering space for movie nights, kids' hangouts, homework, or quiet mornings.
Every inch reflects the elevated craftsmanship Toll Brothers is known for. Designer lighting, upgraded hardware, custom finishes, and elegant architectural details create a home that feels both sophisticated and welcoming. The chef-inspired kitchen anchors the main living space beautifully with upgraded cabinetry, pull-out storage systems, abundant prep space, and effortless flow for entertaining family and friends.
The primary suite feels like a private spa escape with a standalone soaking tub, oversized walk-in shower, and a custom-designed closet worthy of a luxury boutique.
And then there is the backyard, the true soul of the home.
The oversized western-facing waterfront lot offers endless room to create the outdoor oasis buyers dream about: a spectacular custom pool, outdoor kitchen, fire features, lounge areas, and sunset seating overlooking the lake. Imagine gliding across the water by electric boat to the gym, heading toward Founder's Square for dinner, or simply sitting dockside as palm trees sway and the sunset reflects across the lake.
Waterview Landing is one of Babcock Ranch's hidden gems: gated, intimate, beautifully maintained, and offering low HOA fees that are increasingly difficult to find in newer luxury communities throughout Southwest Florida.
Here, you are not just buying a home. You are buying space, serenity, flexibility, water, sunset, and the rare chance to create a true lakefront lifestyle.
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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 |
|---|---|---|---|
| Aug 15, 2026 | Price Decreased |
$870,000
↓ $29K
(3.2%) | |
| Price Decreased | |||
| Jul 23, 2026 | Price Decreased |
$899,000
↓ $40K
(4.3%) | |
| Price Decreased | |||
| May 22, 2026 | Listed by COLDWELL BANKER REALTY | $939,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| Jan 29, 2026 | No longer available | - | |
| No longer available | |||
| Nov 6, 2025 | Price Decreased |
$939,000
↓ $11K
(1.2%) | |
| Price Decreased | |||
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About Charlotte
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Phone: 425-283-2930
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