5612 BLUE REEF PLACE
About This Property
Inside, the gourmet kitchen features a gas range, Cafe Brand refrigerator, and shaker cabinetry. The serene primary suite includes a tray ceiling and spa-like bath. Thoughtful upgrades add to the appeal: an outdoor kitchen, limestone patio, rain gutters, tropical landscaping with underground lighting package, epoxy garage floor, and remote-controlled no-see-um screen. A pool pre-wire rough-in was added structurally at build, allowing you to design your own tropical lagoon to complement the expansive preserve views.
Palmero offers resort-style amenities, including a heated community pool, hot tub, grilling station, fire pits, basketball courts, volleyball courts, dog parks, and nature trails. Low HOA fees of just $172/month, modern smart-home tech, and a transferable 10-year builder warranty make this home a rare find.
All of this is just a short car ride from Nokomis Beach, boutique shopping and theaters on Venice Avenue, arts and entertainment venues, renowned restaurants, top-rated schools including Venice High and Pine View (#1 public school in Florida and ranked 12th in the nation), numerous grocery options, top medical practices including SMH, and the pristine Gulf beaches.
Schedule your private tour today and experience what true Florida living has to offer.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Sep 23, 2025 | In contract | - | |
| In contract | |||
| Sep 13, 2025 | Price Decreased |
$685,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Jul 22, 2025 | Listed by PREMIER SOTHEBYS INTL REALTY | $695,000 | |
| Listed by PREMIER SOTHEBYS INTL REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017