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    New Villa in 55+ Community Title is generated by Realmo AI

    18459 GREEN GARDEN COURT, Venice, FL 34293

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    For Sale
    $403,486

    Under construction villa with modern amenities in Wellen Park.

    Type:Condo/Townhome
    Property size:
    1,574 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $256/SF
    Added:
    Mar 23, 2026
    Days on Market:
    75
    Last Refresh:
    Apr 6 at 12:54 am

    Property Features for 18459 GREEN GARDEN COURT

    General Information

    Standard status
    Active
    Size
    1,574 SF
    Lot size
    0.21 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Candace Merry
    Candace Merry

    Listing agent Candace Merry License #3356362

    Listing office MATTAMY REAL ESTATE SERVICES

    Listing date Mar 23, 2026

    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 MATTAMY REAL ESTATE SERVICES

    HighLights

    • Located in Wellen Park's premier 55+ community with a future 21,000 sq ft Amenity Center, pickleball and stadium courts, pools, fitness center, bar/cafe, dog park, and lifestyle director.
    • Convenient location just minutes from beaches, Downtown Wellen Park, restaurants, and shopping. Enjoy easy access via golf cart, bike, or walking.
    • Smart Home features include an Ecobee Smart Thermostat (Amazon Alexa compatible), Video Doorbell with app, and ClareOne Touchscreen Panel.
    • Durable construction with impact windows and doors, tile roof, and paver driveway.
    • Functional layout with 2 bedrooms, 2 bathrooms, study, open‑concept kitchen, Great Room, laundry room, covered lanai, and flex room.
    • Private owner's suite featuring a tray ceiling, en suite bathroom with glass‑enclosed shower, and large walk‑in closet.

    Overview

    This under-construction villa, named The Maya Coastal Villa, features 1,574 square feet of living space, including two bedrooms, two bathrooms, and a study room. The open-concept kitchen is centrally located, adjacent to the dining area and the Great Room, which features high windows. A conveniently located laundry room is nearby. The villa includes a covered lanai, providing an outdoor living space. A flex room is located off the foyer. The owner's suite, situated at the back of the home for added privacy, features a tray ceiling and an en suite bathroom with a glass-enclosed shower and a large walk-in closet. The two-car garage includes overhead storage space. The home is equipped with impact windows and doors, a tile roof, and a paver driveway. Smart home features include an Ecobee Smart Thermostat compatible with Amazon Alexa, a video doorbell with app, video recording, and two-way communication, and a ClareOne Touchscreen Panel. Located in Wellen Park's only 55+ community, future amenities include a 21,000 sq ft Amenity Center with 8 Pickle Ball Courts, 1 Stadium Court, 2 Pools (1 lap pool/1 resort style pool), a fitness facility, a bar and café overlooking the pools, a dog park, an outdoor exercise lawn, a hot tub, and a full-time lifestyle director. The property is located minutes from beaches, Downtown Wellen Park, restaurants, and shopping.
    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 - Under construction villa with modern amenities in Wellen Park.
    Where is this residential income property located?
    The property is located at 18459 GREEN GARDEN COURT Venice, FL.
    What is the asking price?
    The asking price for this property is $403,486.
    What are key features of this property?
    This property features: Located in Wellen Park's premier 55+ community with a future 21,000 sq ft Amenity Center, pickleball and stadium courts, pools, fitness center, bar/cafe, dog park, and lifestyle director.; Convenient location just minutes from beaches, Downtown Wellen Park, restaurants, and shopping. Enjoy easy access via golf cart, bike, or walking.; Smart Home features include an Ecobee Smart Thermostat (Amazon Alexa compatible), Video Doorbell with app, and ClareOne Touchscreen Panel.
    (813) 318-3838
    We can help!
    Listing Contact
    Candace Merry
    Candace Merry
    Real Estate License ID: 3356362
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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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