17887 Modena Road
About This Property
Beautifully updated and perfectly positioned to capture tranquil waterfront views, this furnished three-bedroom, three-bath residence with an inviting loft offers the ideal combination of comfort, style, and resort living. Designed for both everyday enjoyment and effortless entertaining, the home features a private swimming pool and exceptional outdoor living space where you can relax and take in the serene setting.
Inside, recent updates create a fresh and modern feel, including new hard-surface flooring, updated furnishings, an enhanced kitchen, and a newer AC system. A brand-new roof completed in 2025 and hurricane protection provide added value and peace of mind. Offered fully furnished, this home is truly move-in ready and presents an outstanding opportunity for personal enjoyment or investment.
Located within the gated Tivoli neighborhood of Miromar Lakes Beach & Golf Club, residents enjoy access to an unparalleled lifestyle with three miles of private white-sand beach, a world-class clubhouse, boating and water sports, tennis, pickleball, fitness facilities, waterfront dining, an art theater, spa services, concierge amenities, and optional golf. Experience the very best of Southwest Florida living in one of the area's most celebrated communities. One or more photo(s) has been virtually staged, AI generated or rendered.
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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 |
|---|---|---|---|
| Mar 24, 2026 | Listed by Orchid Realty International | $1,048,000 | |
| Listed by Orchid Realty International | |||
| May 17, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 8, 2025 | Price Decreased |
$795,000
↓ $20K
(2.4%) | |
| Price Decreased | |||
| Jan 21, 2025 | Price Decreased |
$814,900
↓ $34K
(4%) | |
| Price Decreased | |||
| Dec 14, 2024 | Price Decreased |
$849,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
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About Lee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017