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16903 VERONA PLACE
About This Property
Designed for effortless Florida living, the home welcomes you with sophisticated architecture, a sweeping paver driveway, lush tropical landscaping, and an elegant contemporary interior filled with natural light. Soaring ceilings, oversized porcelain tile flooring, designer lighting, refined neutral finishes, and an open-concept floor plan create a bright, elevated atmosphere. At the heart of the home, the stunning gourmet kitchen makes an unforgettable impression with sleek floor-to-ceiling cabinetry, expansive stone countertops and backsplash, stainless steel appliances, gas cooking, and an oversized waterfall-edge island with generous seating. The kitchen flows seamlessly into the spacious great room, where wide sliding glass doors open the home to the lanai and create the indoor-outdoor lifestyle Southwest Florida buyers desire.
The residence currently lives beautifully as a four-bedroom home with the flexibility to accommodate a fifth bedroom. A generously sized studio/office features a substantial closet and is conveniently located near a full bathroom, making it ideal for conversion into a private guest suite, fifth bedroom, home office, fitness room, playroom, or additional living space. The primary suite provides a peaceful retreat with beautiful views toward the lake and lush surroundings, including water views from both the bedroom and primary bath.
Outside is where this property truly distinguishes itself. An expansive covered lanai and oversized screened pool enclosure create a private resort setting complete with a large pool, integrated spa, sun shelf, outdoor kitchen, and abundant space for lounging, dining, and entertaining. A dedicated pool bath adds convenience, while mature landscaping surrounds the outdoor living area with greenery and privacy.
Beyond the pool lies one of the home's most compelling features-an unusually large, usable side yard that extends toward the lake. The unique corner positioning allows you to enjoy beautiful water views without sacrificing the privacy of your backyard. There is abundant green space for pets, gardening, outdoor games, entertaining, or simply enjoying your own park-like setting. The lake can be enjoyed from the pool area, primary suite, and surrounding grounds, while established landscaping and HOA-maintained greenery create a lush natural backdrop.
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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 |
|---|---|---|---|
| Oct 26, 2026 | Price Decreased |
$2,075,000
↓ $50K
(2.4%) | |
| Price Decreased | |||
| Sep 23, 2026 | Listed by COMPASS FLORIDA LLC | $2,125,000 | |
| Listed by COMPASS FLORIDA LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017