1255 Illinois Drive
About This Property
Welcome to 1255 Illinois Drive in Gulf Acres. Reimagined in 2023 and finished for peace of mind, this three-bedroom two-bath home lives bright and easy with impact windows and doors, a 2025 HVAC, a 2023 shingle roof, updated kitchen and baths, modern lighting, fresh landscaping, and irrigation. The split plan opens to a spacious screened lanai and a deep backyard with mature shade and privacy. The lot easily fits a full pool with room to spare, and a one car garage adds extra storage.
Location works hard here. You are minutes to Naples beaches, Fifth Avenue South, shopping and dining, and zoned for Seagate Elementary, Gulfview Middle, and Naples High. With NO HOA and NO community rental restrictions, the property also suits a seasonal owner or investor who wants turnkey convenience. If you value new systems, clean design, and an easy central Naples address, this home is ready. Ask for the lender buydown options. Then come see how well 1255 Illinois lives.
Projected seasonal rents and 65–70 percent occupancy produce attractive gross numbers in central Naples. With the roof, impact openings, and HVAC complete, the next decade of big-ticket items is already handled.
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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 |
|---|---|---|---|
| Nov 20, 2025 | Sold | ||
| Sold | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2025 | Price Decreased |
$750,000
↓ $25K
(3.2%) | |
| Price Decreased | |||
| Aug 19, 2025 | Price Decreased |
$775,000
↓ $60K
(7.2%) | |
| Price Decreased | |||
| Jul 2, 2025 | Price Decreased |
$835,000
↓ $40K
(4.6%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017