3615 AVENIDA MADERA
About This Property
meticulously renovated waterfront residence, with extensive improvements completed between 2021 and 2025.
Located in The Woods at Conquistador, this single-story home offers 3 bedrooms, 3 bathrooms and 2,758 square feet on an oversized 16,240-square-foot homesite with approximately
120 feet of water frontage and sweeping views of the pond and IMG Academy Golf Club.
The interior was comprehensively renovated in 2021 with impact windows and doors, porcelain tile flooring, new HVAC air handlers, compressors and ductwork, a new electrical
panel, LED recessed lighting, solar and blackout shades, and a redesigned fireplace with custom mantel. The kitchen features quartz countertops, new cabinetry, under-cabinet
lighting, built-in Frigidaire Professional appliances and an induction cooktop. The bathrooms were also fully renovated with new cabinetry, quartz countertops, fixtures and
contemporary finishes.
Major improvements continued in 2025 with a new roof and gutters, newly added lanai, resurfaced pool, new pool pump, new panoramic-view pool cage, new shoreline seawall, new
paver driveway and walkways, and a new irrigation system and pump. The outdoor living area features a granite-topped summer kitchen, while Kevlar storm shutters installed in
2024 provide added protection for the lanai. A waterside deck was added in 2022, and the heated pool includes a heater installed in 2021.
The two-car garage was upgraded in 2025 with epoxy flooring and a dedicated mini-split A/C and heating system, creating a climate-controlled space for vehicles, storage, fitness
equipment or hobbies. Surge protection has also been installed on the outdoor equipment.
Conveniently located near IMG Academy, IMG Academy Golf Club, Sarasota-Bradenton International Airport, downtown Sarasota, downtown Bradenton, shopping, dining, parks and
Gulf beaches. With an exceptionally low annual HOA fee, extensive hurricane protection and the major improvements already completed, this distinctive waterfront and golf-view
property is ready for immediate enjoyment.
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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.
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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 |
|---|---|---|---|
| Sep 22, 2026 | Sold | ||
| Sold | |||
| Aug 11, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY | $890,000 | |
| Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY | |||
| Jul 7, 2021 | Sold | ||
| Sold | |||
| May 18, 2021 | Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY | $575,000 | |
| Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017