616 GARDENIA DRIVE
About This Property
bedroom or office, this home offers flexible living options and peek-a-boo views of the Gulf from the loft. The primary suite is a relaxing escape with a custom walk-in closet and a spa-like en-suite bath adorned with exquisite tile and finishes. The guest bedroom features a beautifully updated ensuite bath that also serves as a convenient pool bath, with direct access to the outdoors. The outdoor living area is just as impressive, with a screened-in pool, sun-soaked paver patio, and a charming gazebo ideal for barbecues and entertaining. Other outdoor features is convenient storage shed with electric, to free up garage space. The home has also been wired for a generator and re-piped so no copper piping to deal with.So many conveniences to note and after a visit at the beach, you will cherish the outdoor shower with hot and cold water. Whether you're relaxing by the pool, enjoying the beach just moments away or strolling to downtown Venice for dining, shopping, and live theater, this home has it all. Other improvements include all hurricane-impact windows and doors, and metal roof. Don't miss your opportunity to live in one of Venice Island's desirable neighborhoods!
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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 |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Jul 22, 2025 | In contract | - | |
| In contract | |||
| May 3, 2025 | Price Decreased |
$1,299,000
↓ $100K
(7.2%) | |
| Price Decreased | |||
| Apr 12, 2025 | Listed by PREMIER SOTHEBYS INTL REALTY | $1,399,000 | |
| Listed by PREMIER SOTHEBYS INTL REALTY | |||
| Oct 4, 2002 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017