248 IBIZA LOOP
About This Property
The kitchen features sleek quartz countertops, upgraded stainless steel appliances, and ample cabinetry for all your culinary needs. Whether you're preparing a quick breakfast or hosting a dinner party, this space is both functional and stylish.
The master bedroom is a serene retreat with its own ensuite bathroom, and walk-in shower. The second bedroom is equally inviting, perfect for guests. The additional bathroom is conveniently located, ensuring privacy and convenience for everyone.
Outside, the villa boasts a private lanai, ideal for enjoying Florida's beautiful weather, extended pavers with a fully fenced yard. With its prime location and no CDD fees in Palencia, you'll have easy access to local amenities, parks, and the stunning Gulf Coast beaches, making this villa a true gem in Venice.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 16, 2025 | Sold | ||
| Sold | |||
| Mar 1, 2025 | In contract | - | |
| In contract | |||
| Jan 28, 2025 | Price Decreased |
$389,999
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Oct 27, 2024 | Price Decreased |
$399,999
↓ $9K
(2.3%) | |
| Price Decreased | |||
| Aug 30, 2024 | Listed by EXP REALTY LLC | $409,224 | |
| Listed by EXP REALTY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017