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107 Blue Ridge Drive #21
About This Property
The open-concept kitchen and living area create a bright, spacious feel, while the split-bedroom floor plan offers privacy for owners and guests alike. No rentals are permitted, creating a more stable, owner-occupied community atmosphere.
Ideally located close to shopping, dining, and everyday conveniences, with the beaches and downtown Old Naples just a short 15-minute drive away. Owner financing is available if needed with 25% down.
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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%.
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 |
|---|---|---|---|
| Sep 26, 2026 | Price Decreased |
$315,000
↓ $24K
(7.1%) | |
| Price Decreased | |||
| Jul 11, 2026 | Relisted | $339,000 | |
| Relisted | |||
| Jul 7, 2026 | In contract | - | |
| In contract | |||
| May 25, 2026 | Listed by VIP Realty Group, Inc. | $339,000 | |
| Listed by VIP Realty Group, Inc. | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017