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20722 ROMAGNA PLACE
About This Property
Gran Paradiso elevates everyday living with a large, heated community pool and spa; tennis and pickleball courts; a state-of-the-art fitness center; saunas; steam rooms; a billiards room; and a year-round calendar of clubs and activities, all within a 24-hour gated, resort-style maintenance-free community. Minutes from Gulf Coast beaches, The Atlanta Braves Spring Training Complex, The New Wellen Park Development, Downtown Venice, Hospitals, Banks, Restaurants and an easy drive to Sarasota and St. Armand's Circle, this home truly has it all.
Located just minutes from the master-planned community of Wellen Park, home to the State College of Florida Collegiate School and a brand-new Sarasota County public high school slated to open for the 2026–2027 school year. When it comes to everyday convenience, this location delivers, a Costco Warehouse offers bulk shopping, fuel, pharmacy, and optical services, while the nearby Aldi brings fresh produce, quality groceries, and exceptional value, all within a 10-minute drive.
Note for Buyers: The property tax amount includes the CDD.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017