10641 Habitat TRAIL
About This Property
This home is doubly protected with hurricane windows and shutters. It sits in the coveted Nestings subdivision- a neighborhood of stilt homes on half acre lots occupied by full time residents. This house is ready for a family, snowbirds, or vacationers enjoying a long weekend of fishing and island hopping.
Once a thriving commercial fishing community, Pine Island is Florida's largest island by land mass. It sits between Sanibel Island and the mainland and has an old Florida feel that is difficult to find. Recently, the island got its first Publix grocery store - a sign of progress to come! Located due West on State Road 78, the island is conveniently located to Cape Coral shopping, downtown Punta Gorda attractions, Southwest Florida International Airport, and I-75.
Enjoy the abundant EXOTIC VEGETATION and TROPICAL BREEZE that surround this 3/2 custom built home. At the end of the street is Phillips PARK, which includes a community saltwater pool, playground, tennis/pickle ball courts, baseball field, library, and mere minutes to water taxis, boating, fishing, golfing, and beaches! RECENT UPDATES to this home include new carpeting and interior painting just completed, 2023 roof replacement, exterior siding/painting, decking, aluminum railing, impact windows, doors, reinforced tie down strapping, water heater, 2021 AC system, granite countertops in kitchen, and fiberglass shower in guest bathroom. This stilt home offers plenty of NATURAL LIGHT, a WRAPAROUND PORCH on three sides, a heavy duty ELECTRIC LIFT for added ease and convenience to your doorstep, plus 1230 sqft of enclosed garage/storage and covered screened patio underneath that could be ADDITIONAL LIVING SPACE! This house is waiting for you to add your own personal touch and make it your ISLAND DREAM HOME with the BEST SUNSETS Southwest Florida has to offer right out your front door!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Nov 8, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Price Decreased |
$360,000
↓ $29K
(7.5%) | |
| Price Decreased | |||
| Aug 31, 2024 | Relisted | $389,000 | |
| Relisted | |||
| Jul 24, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017