5116 TIVOLI RUN
About This Property
Welcome to one of the best values in Lakewood Ranch! This completely updated 3-bedroom + den, 3-bath Pallazio floor plan with 3,000+ sq ft of luxurious living space features a saltwater pool/spa, fenced yard, large covered lanai space - all in the guard-gated Esplanade Golf & Country Club community, where your golf membership is INCLUDED.
Completely remodeled and move-in ready, this home checks every box: brand-new wood-look tile flooring throughout, fresh interior paint, crown molding, designer lighting, and a chef's kitchen with upgraded dolomite countertops, GE Cafe appliances, walk-in pantry, and bar area.
The open-concept layout is perfect for entertaining, flowing effortlessly from the spacious great room to your screened-in lanai and resort-style pool with waterfall feature and automatic self-cleaning. Pre-plumbed for an outdoor kitchen and surrounded by a fenced yard that was just freshly landscaped - it's your private oasis.
The primary suite is a retreat of its own with a bay window sitting area, tray ceiling, and spa-like bath with quartz countertops, new cabinetry in the dual vanity, walk-in shower, and custom closet built-ins. Guest bedrooms are generously sized, including an en-suite for visitors or in-laws. The separate den offers flexible space for a home office or hobby room.
Extra perks: full-house generator, brand new landscaping, and central location within the neighborhood - walk to both amenity centers!
Enjoy golf, tennis, pickleball, fitness centers, spa, restaurants, pools, clubhouse, activities director, clubs and more - all included in the HOA! Lakewood Ranch provides an unmatched lifestyle, with over 50 resident clubs, 150 miles of biking and walking trails, top-rated schools, hospitals, libraries, shopping and dining. Plus, you're just minutes to UTC, Waterside Place, downtown Sarasota, top-rated hospitals, and Gulf beaches.
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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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 28, 2025 | In contract | - | |
| In contract | |||
| Jun 12, 2025 | Price Decreased |
$995,950
↓ $4K
(0.4%) | |
| Price Decreased | |||
| Jun 8, 2025 | Price Decreased |
$1,000,000
↓ $50K
(4.8%) | |
| Price Decreased | |||
| Apr 13, 2025 | Price Decreased |
$1,050,000
↓ $49K
(4.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017