1147 Shady Rest Lane
About This Property
Out back, your private oasis awaits. The spacious lanai surrounds a sparkling pool, perfect for relaxing afternoons or entertaining guests in the Florida sunshine-all while enjoying a lush, tropical setting. Conveniently located just a couple minutes' drive to The Fresh Market in Park Shore Plaza, and close to beaches, shopping, and dining, this home delivers exceptional access to everything Naples has to offer-without being in a busy or high-profile community. Whether you're looking to invest, remodel, or move right in and make it your own, this home offers unlimited potential in a truly unbeatable location.
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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 |
|---|---|---|---|
| Aug 27, 2025 | Sold | ||
| Sold | |||
| Jul 25, 2025 | In contract | - | |
| In contract | |||
| Jul 20, 2025 | Price Decreased |
$550,000
↓ $100K
(15.4%) | |
| Price Decreased | |||
| Jun 3, 2025 | Price Decreased |
$650,000
↓ $50K
(7.1%) | |
| Price Decreased | |||
| Apr 1, 2025 | Listed by EXP Realty LLC | $700,000 | |
| Listed by EXP Realty LLC | |||
Property Highlights
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Price/ft²
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About Central Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017