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151 Caribbean Road
About This Property
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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 1, 2026 | Listed by West Shore Properties RE,MNGT | $15,000,000 | |
| Listed by West Shore Properties RE,MNGT | |||
| Jan 2, 2025 | Sold | ||
| Sold | |||
| Nov 6, 2024 | In contract | - | |
| In contract | |||
| Jun 3, 2024 | Listed by Compass Florida LLC | $3,295,000 | |
| Listed by Compass Florida LLC | |||
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An exceptional opportunity awaits at 151 Caribbean Road, nestled within the serene enclave of Pine Ridge Estates—a community renowned for its tranquil ambiance and esteemed status in Southwest Florida. Situated on one of the lowest traffic count streets, this prime lot offers an idyllic canvas for realizing your dream home. With the original house removed, the landscape now showcases majestic mature oak trees, setting the stage for a bespoke residence tailored to your desires. Pine Ridge Estates stands as a testament to refined living, consistently lauded as the "Best Neighborhood" in the United States by esteemed publications since 2018. This accolade, based on factors such as schools, crime rate, and overall quality of life, underscores Pine Ridge's reputation as a premier destination for discerning homeowners. Don't miss this extraordinary opportunity to be part of Pine Ridge's prestigious community and create the home of your dreams in this unparalleled setting.
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| Dec 8, 2022 | No longer available | - | |
| No longer available | |||
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About North Naples
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