51
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111 NEWPORT CAY
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 1, 2026 | Listed by ICON PREMIER GROUP, LLC | $949,900 | |
| Listed by ICON PREMIER GROUP, LLC | |||
| Aug 18, 2026 | No longer available | - | |
| No longer available | |||
| Jun 18, 2026 | Price Decreased |
$965,000
↓ $10K
(1%) | |
| Price Decreased | |||
| Mar 28, 2026 | Price Decreased |
$975,000
↓ $22K
(2.2%) | |
| Price Decreased | |||
| Feb 19, 2026 | Listed by Keller Williams Marco Realty | $997,000 | |
| Listed by Keller Williams Marco Realty | |||
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Welcome to waterfront living at its finest in the water-direct community of Port of the Islands, where your backyard is a gateway to the Gulf through the breathtaking Ten Thousand Islands. This beautifully updated two-story coastal retreat blends refined upgrades with effortless boating access, delivering the ultimate Southwest Florida lifestyle. Designed for both luxury and flexibility, this 3-bedroom, 3-bath residence features dual primary suites, one on each level, ideal for guests, multigenerational living, or a private owner’s retreat. The first-floor suite is a peaceful sanctuary with expansive picture windows showcasing vibrant sunrises and sliding glass doors that open to a spacious screened lanai, perfect for morning coffee or evening entertaining. Upstairs, the second primary suite offers its own private balcony with sweeping water views of the canal and the Faka Union River, providing a front-row seat to glowing sunset skies. At the heart of the home, a stunning gourmet kitchen impresses with granite countertops, an oversized island, custom cabinetry with wood pull-outs, and a premium KitchenAid induction range, ideal for hosting gatherings or enjoying everyday meals in style. Step outside and embrace true waterfront living. Your private dock and 10,000-pound boat lift provide direct access to the Gulf, making this an exceptional property for boaters, anglers, and nature lovers eager to explore pristine island waterways. The main living areas feature luxury vinyl flooring, while plush carpeting adds comfort to the upper-level suite. Solid-core interior doors and built-in closet storage enhance both quality and functionality. A large laundry and utility room offers abundant storage, and the spacious two-car garage is complemented by an extended private driveway with ample parking. Built for peace of mind, the home includes all-new hurricane-impact windows and a high-grade impact front door, along with a full-house Generac generator powered by a 500-gallon buried propane tank. Custom Hunter Douglas Silhouette shades add elegance while providing privacy throughout. The generous backyard offers plenty of space to design your dream pool, and the northeast exposure delivers spectacular sunrise views and soft evening light across the water. This is more than a home. It is a lifestyle opportunity that combines thoughtful upgrades, dual primary suites, direct Gulf access, and panoramic water views in one remarkable property. Do not miss your chance to own a slice of paradise in Port of the Islands.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017