16220 TERNGLADE DRIVE
About This Property
The gourmet kitchen is designed for both the casual family meal and grand catering events. Thermador professional-grade appliances, granite countertops, an island with sink, and a gas stove. A large pantry for organized storage. Spacious family room features double, connected sliding glass doors that fully retract, connecting indoor and outdoor living.
Step outside to discover your private, resort-style paradise! The sprawling outdoor space features gorgeous travertine floors, multiple defined outdoor living areas, and an outdoor kitchen and gas fireplace sitting area. The custom, zero-entry pool is a true spectacle, complete with a sunken bar with seating, cascading waterfalls, a fun slide, and five captivating fire bowls for dramatic evening ambiance. This space is not just a backyard; it's a year-round vacation destination.
This 5-bedroom estate is meticulously laid out for both privacy and function. The extraordinary Primary Suite occupies the right side of the first floor, offering an oversized bedroom with tray ceilings, a dedicated seating area, and three custom walk-in closets. The custom primary bath provides tons of space, a jetted garden tub, dual vanities, and a unique, centrally-shaped walk-in shower with a bench and multiple showerheads.
Downstairs also features: A guest bedroom connected to a full bath and a sprawling bonus room that is perfect for an ultimate game room or an in-law suite with direct lanai access. A massive custom-designed home office, complete with an elegant spiral staircase leading to a secret room-perfect as a private reading nook, hobby area, or secure storage. An additional flexible space, currently used as a gym, that could easily function as a sixth bedroom or second-floor living area. The second floor is equally impressive, hosting a large loft area that opens up to an extended balcony with serene views of the tropical landscaping and pool. Three additional upstairs bedrooms. The home is climate-controlled by four separate A/C zones, ensuring comfort year-round. Live in one of Lithia's most desirable communities, FishHawk Ranch, renowned for its beautiful setting, endless resort-style amenities, miles of nature trails, and A-rated school district. This is more than a home; it's the lifestyle you've been dreaming of. A truly custom, well-crafted sanctuary for family, entertaining, and enjoying the Florida life. Don't just read about it-come see for yourself. This is a home where vaulted ceilings echo with laughter, where the pool is a stage for memories to be created.
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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%.
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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 |
|---|---|---|---|
| Apr 27, 2026 | Price Decreased |
$2,749,900
↓ $50K
(1.8%) | |
| Price Decreased | |||
| Oct 13, 2025 | Listed by KELLER WILLIAMS SUBURBAN TAMPA | $2,799,900 | |
| Listed by KELLER WILLIAMS SUBURBAN TAMPA | |||
| Jun 29, 2012 | Sold | ||
| Sold | |||
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About Fishhawk
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017