16415 SLATE PLACE
About This Property
From the moment you enter, the home impresses with its grand presence, sophisticated finishes, and meticulous attention to detail. The chef's kitchen is a true centerpiece, showcasing premium appliances, quartz countertops, a substantial island with abundant storage, and a beautifully customized walk-in pantry that is as functional as it is stylish.
Designed for hosting on any scale, the open and airy layout flows effortlessly throughout the home. The luxurious owner's suite serves as a serene retreat, featuring a spa-inspired bathroom, a custom walk-in closet, and direct access to the lanai. Throughout the residence, refined upgrades include designer lighting and ceiling fans, tray ceilings, crown molding, and custom closet systems in every bedroom-each element carefully curated to elevate daily living.
Step outside to a private backyard oasis where a resort-style saltwater pool is the focal point. Set on a concrete-based paver lanai, the outdoor space is designed for both beauty and longevity, with multiple seating areas, a self-cleaning pool system, and lush, mature landscaping that provides privacy and tranquil preserve views.
Residents of Sapphire Point enjoy access to exceptional community amenities, including a resort-style pool, modern fitness center, elegant clubhouse with catering kitchen, basketball court, fire pit, playground, covered pavilion, and dog park-all just moments from home. Ideally located near Lakewood Ranch Main Street, UTC Mall, Premier Sports Campus, top-rated schools, and I-75, this residence offers an unmatched combination of luxury, lifestyle, and location.
This is a rare opportunity to own an extraordinary home in one of Lakewood Ranch's premier communities. Schedule your private showing today.
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Feb 21, 2026 | Price Decreased |
$1,387,500
↓ $58K
(4%) | |
| Price Decreased | |||
| Jan 13, 2026 | Price Decreased |
$1,445,000
↓ $100K
(6.5%) | |
| Price Decreased | |||
| Dec 15, 2025 | Listed by KW SUNCOAST | $1,545,000 | |
| Listed by KW SUNCOAST | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017