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16704 CARAVAGGIO LOOP
About This Property
Situated on an oversized homesite of nearly two-thirds of an acre within the highly sought-after gated community of Colina Bay, this property showcases impressive curb appeal with a barrel tile roof, extensive stone accents, lush landscaping, and a paver driveway. The backyard is a true private retreat, featuring a Mediterranean-style resort pool with a saltwater system and fire pit, surrounded by a serene wooded setting with partial views of Lake Apopka. A fenced lower deck area provides additional outdoor living space.
French doors lead from the main living areas to the large covered and screened lanai, creating seamless indoor-outdoor living. Inside, luxury vinyl flooring extends throughout the home with no carpet in sight. A private office with French doors is conveniently located off the foyer.
The gourmet kitchen has been beautifully updated with quartz countertops, a travertine tile backsplash, and an extended island, making it ideal for both everyday living and entertaining. Designer light fixtures throughout the home add elegance and sophistication.
Additional upgrades and features include:
Wrought iron-style aluminum fencing
Private irrigation well
Whole-home water filtration system
Luxury smart toilets in all bathrooms
Ring video doorbell and two solar power ring cameras on the exterior side of the house
Alarm system
In-wall pest control system
5-inch baseboards throughout
Whole-house generator (less than 4 years old)
HVAC system (less than 5 years old)
Well pump (less than 3 years old)
Colina Bay offers an outstanding location with convenient access to the Florida Turnpike, placing Downtown Orlando and the Disney area approximately 20–30 minutes away. Residents also enjoy close proximity to the West Orange Trail, Bella Collina Golf Club, Montverde Academy, Downtown Clermont and Downtown Winter Garden, making this one of Central Florida's most desirable locations.
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Cap Rate Calculator
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 28, 2026 | Sold | ||
| Sold | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Price Decreased |
$925,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Jul 3, 2026 | Price Decreased |
$949,500
↓ $26K
(2.6%) | |
| Price Decreased | |||
| Jun 4, 2026 | Listed by KELLER WILLIAMS REALTY PARTNERS SW | $975,000 | |
| Listed by KELLER WILLIAMS REALTY PARTNERS SW | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017