216 MARCHENO WAY
About This Property
Step inside and enjoy an open, split floor plan designed for comfort and privacy. The great room showcases elegant ceramic tile flooring, a tray ceiling, and abundant natural light. The kitchen is a showstopper with 42" wood cabinetry, under the counter lighting, quartz countertops, a subway tile backsplash, and a spacious pantry.
Welcome to the future because this home has solar panels which you will be enjoying lower power bills because of the roof top solar panels. Seller says panels provide $60-$80 savings from the power bill per month. Solar panels are leased and seller offering a credit at closing.
Relax or entertain in your private outdoor oasis featuring a covered and screened-in lanai with travertine pavers, luxurious landscaping, and a sparkling, heated, salt-water pool overlooking a peaceful conservation area. Lanai also has a natural gas hookup for your grill because Milano is a Natural Gas community. You will enjoy grilling and swimming throughout the year. Florida Life!
The primary suite includes a spa-like bathroom with a double vanity and large walk-in shower. A secondary bedroom features a convenient built-in Murphy bed, perfect for guests or home office use.
Practical upgrades abound-whole-house generator, smart home features (including app-controlled garage door, thermostat, and doorbell), full gutter system, retractable front screen for cross-breezes, and a fully insulated garage with an epoxy-coated floor, suspended storage, and mini-split A/C system.
All appliances and the whole-house water softener convey. No CDD fees!
Milano is a private, gated community known for its charming architecture and friendly atmosphere. You'll love being close to Venice and Sarasota's beaches, boating, shopping, restaurants, and easy access to I-75 for convenient commuting north or south.
Call today for your appointment and make this beautifully upgraded home your own!
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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 |
|---|---|---|---|
| May 7, 2026 | Sold | ||
| Sold | |||
| Apr 13, 2026 | In contract | - | |
| In contract | |||
| Apr 3, 2026 | Relisted | $450,000 | |
| Relisted | |||
| Mar 13, 2026 | In contract | - | |
| In contract | |||
| Feb 19, 2026 | Price Decreased |
$450,000
↓ $30K
(6.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017