19443 Newlane PLACE
About This Property
Seamlessly connecting this resort-styled lanai to the oversized great room, kitchen, and dining areas are the disappearing 10' IMPACT GLASS doors into an invitingly open space adorned with large scale 24"x48" porcelain tile, soaring ceilings with designer details, intimate wet bar, built-in wine storage and wine refrigerators, and anchored by the designer feature wall with gas fireplace. Chefs and guests alike will delight in the beautifully appointed kitchen with stainless steel Bosch appliances, sprawling Silestone counters, oversized island, wood cabinetry, dovetail soft-close drawers, herringbone patterned backsplash, and a hidden walk-in pantry.
Relax and unwind in the grand-sized owner's retreat positioned on a private wing, offering two walk-in customized closets, double tray ceiling with crown molding, direct lanai access, and a luxuriously appointed spa-like bath with separate vanities, oversized shower and separate soaking tub. Overnight visitors will be right at home in three additional guest suites, each with walk-in closets, two are ensuite with private full baths, while the third is just off the home's fourth full bath. Behind double French doors is a voluminous bonus room with stunning coffered ceiling, stone accent wall, and sliders that open to the lanai. Additionally the residence offers a spacious study/den off the owner's retreat via double entry doors adorned with wide plank wood flooring.
Other highlights of this 6,702 total square foot residence includes impact windows/doors/sliders, whole home generator, central vacuum, two tankless water heaters, solid core interior doors, Crestron smart home system, perfectly sized laundry room with cabinetry and sink, custom built-in bench and cubbies at garage entry, landscape lighting, Eagle textured slate upgraded roof tile, 10' Mahogany double front doors with 3-point locking system, wood tongue and groove ceilings on front porch and lanai, an oversized attached three-car garage and detached two-car garage with air conditioning unit (both with heavy flake epoxy flooring and insulated impact overhead doors). This captivating residence proudly resides within an exclusive community setting of striking oak hammocks, pines and large lakes, renowned as the home to the World Golf Championship PGA golf tournament in February 2021 and to the World Champions Cup in December 2023, all near dining, shopping, polo, events in the vibrant Lakewood Ranch, Waterside Place, and UTC area, and nearby enough to the enriching culture and beaches of Sarasota.
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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 |
|---|---|---|---|
| Nov 25, 2024 | Sold | ||
| Sold | |||
| Oct 31, 2024 | In contract | - | |
| In contract | |||
| Oct 23, 2024 | Listed by MICHAEL SAUNDERS & COMPANY | $3,595,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Apr 3, 2023 | Sold | ||
| Sold | |||
| Jan 13, 2023 | Listed by MICHAEL SAUNDERS & COMPANY | $3,245,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017