12235 Boat Shell Drive
About This Property
Inside, the home showcases porcelain tile flooring, a chef-inspired kitchen with Kenmore Elite appliances, and spa-like bathrooms throughout. The flexible floor plan offers three spacious bedrooms plus a loft, ideal for guests, a home office, or media space.
Step outside to your private outdoor oasis featuring an electric heated pool and hot tub, perfect for relaxing or entertaining. Gather in the breezeway or enjoy the converted 4-car garage entertainment area, complete with a pool table and 80" TV-ideal for hosting friends and family.
Additional highlights include a new AC system and no water intrusion during recent storms, offering peace of mind and long-term value.
Whether you're entertaining in style, enjoying quiet sunset views by the dock, or heading out for a day on the water, this home is more than a residence-it's a waterfront lifestyle. Located in the charming community of Matlacha Isles, you'll enjoy vibrant coastal character, unmatched boating access, and the beauty of the Gulf at your doorstep.
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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 27, 2026 | Sold | ||
| Sold | |||
| Mar 19, 2026 | In contract | - | |
| In contract | |||
| Mar 18, 2026 | Price Decreased |
$750,000
↓ $25K
(3.2%) | |
| Price Decreased | |||
| Jan 9, 2026 | Listed by Coldwell Banker Realty | $775,000 | |
| Listed by Coldwell Banker Realty | |||
| Mar 31, 2025 | Price Decreased |
$799,000
↓ $100K
(11.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017