New Villa in 55+
18459 GREEN GARDEN COURT Venice, FL 34293
18459 GREEN GARDEN COURT, Venice, FL, 34293
$403,486
For Sale
$403,486
Under construction villa with modern amenities in Wellen Park.
Property Size1,574 SF
Lot Size0.21 Acres
Price / SF$256.34
Days on Market593
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
Listing agency
MATTAMY REAL ESTATE SERVICES
(770) 330-3429
Listed by
Candace Merry · License #3356362
(770) 330-3429
Source
Exitrealty
Added: Dec 5, 2024 Updated: Jul 6 at 12:20PM Checked: Jul 21 at 4:50AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $29.1k | $18.48 |
| − Vacancy | −$3.0k | −$1.92 |
| EGI | $26.1k | $16.56 |
| − OpEx | −$11.7k | −$7.45 |
| NOI | $14.3k | $9.11 |
1,574 SF · lease $18.48/SF/yr · vacancy 10.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$204.8K
$179.2K – $238.9K
NOI $14,334 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.3K
$391.4K – $521.9K
NOI $31,314 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
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.
