11102 Phoenix Way
About This Property
Situated on a generously sized lot, this lakefront property offers breathtaking views and serene waterfront living. Longshore Lake is a distinctive gated community in North Naples, featuring an expansive 88-acre lake ideal for kayaking, boating, and fishing. Residents enjoy a clubhouse complete with a restaurant, pub, and outdoor dining options. The community also offers a fitness center, nine Har-Tru tennis courts with a full-time professional, pickleball courts, and miles of scenic walking paths.
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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 |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Jan 31, 2025 | In contract | - | |
| In contract | |||
| Jan 12, 2025 | Listed by Compass Florida LLC | $925,000 | |
| Listed by Compass Florida LLC | |||
| Nov 26, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 19, 2024 | Price Decreased |
$970,000
↓ $25K
(2.5%) | |
| Price Decreased | |||
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About Urban Estates
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$3,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017