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    Waterfront Townhome in Gated Community Title is generated by Realmo AI

    20227 LAGENTE CIRCLE, Venice, FL 34293

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    For Sale
    $299,900

    Fully furnished, 3-bedroom townhome with pond view in resort-style community.

    Type:Condo/Townhome
    Property size:
    1,949 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $153/SF
    Added:
    Jan 23, 2025
    Days on Market:
    498
    Last Refresh:
    May 19 at 9:05 pm

    Property Features for 20227 LAGENTE CIRCLE

    General Information

    Standard status
    Active
    Size
    1,949 SF
    Lot size
    0.06 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2018

    We can help!

    Listing Contact
    Barry Neiss

    Listing agent Barry Neiss License #3526109

    Listing office CENTURY 21 SCHMIDT REAL ESTATE

    Listing date Jan 23, 2025

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 SCHMIDT REAL ESTATE

    HighLights

    • Waterfront property with Eastern‑facing lanai, ideal for sunrises.
    • Fully furnished, maintenance‑free townhome in Gran Paradiso, a gated, resort‑style community.
    • Extensive community amenities include a resort‑style pool, clubhouse with fitness center, saunas, and various recreational facilities.
    • Active lifestyle with a full‑time lifestyle director planning numerous events and activities.
    • Convenient location near Downtown Wellen Park, Downtown Venice, and Gulf beaches.
    • Includes 3 bedrooms, 2.5 baths, a one‑car garage with storage, granite countertops, and stainless steel appliances.

    Overview

    This fully furnished, waterfront townhome is located in the gated community of Gran Paradiso in Wellen Park. The home features 3 bedrooms, 2.5 baths, and a one-car garage with storage. The kitchen is equipped with granite countertops and stainless steel appliances, along with a breakfast bar and dining area. The living room is bright and spacious. Crown molding and fresh paint adorn the walls. Upstairs, there are three bedrooms and a laundry closet. The primary bedroom includes an ensuite bathroom and ample closet space. The upstairs hallway has hardwood flooring. The garage includes a ceiling storage unit. The east-facing lanai offers views of the pond and its wildlife. Gran Paradiso offers a resort-style pool and clubhouse with a fitness facility, saunas, steam/massage rooms, billiard/card tables, and aerobic/dance rooms. A full-time lifestyle director plans community events for all ages. Amenities include pickleball, tennis, basketball, and bike paths. The HOA includes cable/TV, lawn care, irrigation, and all amenities. The community is golf cart friendly and offers gated entries. The property is located close to the beach, shopping, and events, and downtown Wellen Park is a short bicycle ride away, offering live entertainment, restaurants, and shops. Downtown Venice and the Gulf beaches are within a 10-minute drive. The Atlanta Braves spring training facility is nearby.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $36.0k $18.48
    − Vacancy −$3.7k −$1.92
    EGI $32.3k $16.56
    − OpEx −$14.5k −$7.45
    NOI $17.7k $9.11
    1,949 SF · lease $18.48/SF/yr · vacancy 10.40% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $253.6K
    $221.9K – $295.8K (±1% cap)
    NOI $17,749 @ 7.0% cap · market cap 5.92%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $553.9K
    $484.7K – $646.2K (±1% cap)
    NOI $38,774 @ 7.0% cap · market cap 12.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.3906
    Latitude
    27.0503

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    FAQs

    What type of property is this?
    Residential income property - Fully furnished, 3-bedroom townhome with pond view in resort-style community.
    Where is this residential income property located?
    The property is located at 20227 LAGENTE CIRCLE Venice, FL.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Waterfront property with **Eastern‑facing lanai, ideal for sunrises**.; **Fully furnished, maintenance‑free townhome** in Gran Paradiso, a gated, resort‑style community.; Extensive community amenities include a resort‑style pool, clubhouse with fitness center, saunas, and various recreational facilities.
    (941) 786-4084
    We can help!
    Listing Contact
    Barry Neiss
    Real Estate License ID: 3526109
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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