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1160 Michigan Avenue
About This Property
A wide brick-paver driveway and welcoming exterior create an inviting first impression. A new roof and gutters provide added peace of mind, while the spacious screened lanai and south-facing backyard offer an ideal setting for morning coffee, outdoor dining, or evenings with friends. There is plenty of space to build a pool in the backyard! (See virtual renderings)
A remarkable sense of privacy distinguishes this property. Mature Clusia hedges surround the home, while an easement along the east side creates additional separation from neighboring properties. The result is a peaceful backyard retreat in the heart of Naples.
Inside, the home feels bright, fresh, and effortlessly coastal. Wide-plank tile flooring flows throughout the open living areas, complemented by recessed lighting. The updated kitchen features quartz countertops, a farmhouse sink, stainless steel appliances, and ample workspace. The beautifully finished full bathroom includes a spacious walk-in shower and double vanity.
Bike to the beach, enjoy Naples' celebrated dining, shopping, and outdoor lifestyle, then return to your private backyard oasis-with no HOA restrictions or fees. Whether used as a full-time residence, seasonal getaway, or investment property, this move-in-ready bungalow delivers an appealing combination of location, privacy, thoughtful updates, and freedom just minutes from the Gulf.
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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 22, 2026 | Relisted | $699,000 | |
| Relisted | |||
| Aug 16, 2026 | Listed by The Real Estate Agency SW Fla | $699,000 | |
| Listed by The Real Estate Agency SW Fla | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Sep 30, 2025 | Withdrawn | - | |
| Withdrawn | |||
| May 25, 2025 | Price Decreased |
$729,000
↓ $20K
(2.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017