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15076 BALMORAL Loop
About This Property
The highly sought-after Monticello floor plan features a bright, open-concept design with seamless indoor-outdoor flow. The home includes many builder upgrades, highlighted by an extended primary suite with bay windows, creating a spacious, light-filled retreat with peaceful water views and a comfortable sense of privacy.
Wide sliding glass doors open to an oversized pavered lanai designed for relaxed Florida living, featuring a private pool, generous space for lounging and entertaining, and an effortless connection to the lakefront setting. It's the perfect place to unwind or host guests while enjoying sweeping water views and vibrant west-facing sunsets.
Meticulously maintained by its original owner, the home reflects consistent pride of ownership and has been thoughtfully updated with a newer roof, A/C system, pool equipment, and water heater, offering true move-in readiness and peace of mind. As an added benefit, Colonial Pointe is also in the process of receiving fiber-optic internet service, providing homeowners with faster, more reliable connectivity for years to come.
Ideally located just minutes from Lakes Regional Park, shopping, dining, healthcare, and the white-sand beaches of Fort Myers Beach, Sanibel, and Captiva, this home delivers an ideal balance of privacy and convenience. Low HOA fees include gated entry and private road maintenance, presenting an opportunity to own a west-facing waterfront residence on one of Colonial Pointe's premier lakefront lots.
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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 4, 2026 | In contract | - | |
| In contract | |||
| Jul 8, 2026 | Price Decreased |
$574,900
↓ $24K
(4%) | |
| Price Decreased | |||
| May 8, 2026 | Listed by Premiere Plus Realty Company | $599,000 | |
| Listed by Premiere Plus Realty Company | |||
| Dec 29, 2003 | Sold | ||
| Sold | |||
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About Cypress Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017