640 GRANADA AVENUE
About This Property
This is the kind of home that captures the best of Venice Island living. Start your morning with coffee on the front porch, catch a glimpse of the Gulf through the lush landscaping, then take a short walk, bike or golf cart ride to the Venice Beach, Historic Downtown Venice, the farmers market, boutique shopping, restaurants, live music, parades, festivals, and year-round community events. Spend the afternoon by the screened pool and spa, host dinner outside under the covered lanai, or wind down after a sunset beach walk. Whether you are welcoming guests for the weekend, creating a multigenerational retreat, or simply enjoying the privacy of a Gulf-side setting, this property feels like the Florida lifestyle people dream about.
The main residence offers four bedrooms plus an office, four full bathrooms, and one half bath, with two bedrooms featuring private ensuite bathrooms and two additional bedrooms sharing an ensuite bath. A separate one-bedroom, one-bath guest or in-law suite with its own private walk-out balcony creates exceptional flexibility for extended family, visiting guests, longer stays, or a private retreat away from the main home.
Inside, original character blends beautifully with thoughtful renovations. The kitchen is designed for gathering, featuring solid-wood soft-close cabinetry, granite countertops, stainless-steel appliances, dual sinks, dual ovens, extensive storage, and a large adjoining butler's bar with additional cabinetry and convenient access to outdoor dining and the pool. The spacious laundry room, formerly the original kitchen, adds even more storage and everyday functionality.
OUTDOOR LIVING is a defining feature of this home. Enjoy an expansive screened pool and spa area with covered and open deck space, a rear covered lanai with access to a full bath, a screened dining area directly off the kitchen, substantial front and west-side paver patios, a front screened porch. The expansive front paver patio provides spectacular sunset views with a peak of the beach.
Additional highlights include tile flooring throughout, plantation shutters on all windows and French doors, stone or hard-surface bathroom countertops, recently repainted interiors and exteriors, impact-rated windows and doors, electric roll-down hurricane shutters on the rear lanai, two attached one-car garages, auxiliary space for a workshop, office, craft room or storage, private well, irrigation system, and a paver walking trail.
Set on one-and-a-half lots and surrounded by mature landscaping, this distinctive Venice Island property offers the rare combination of privacy, space, guest accommodations, outdoor living, sunsets views, Gulf-side character, and true walkable coastal lifestyle in one of the most desirable settings on Florida's Gulf Coast.
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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%.
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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.
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 2, 2026 | Listed by ZACHOS REALTY & DESIGN GROUP | $2,850,000 | |
| Listed by ZACHOS REALTY & DESIGN GROUP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017