16175 Coco Hammock Way
About This Property
Enjoy true Southwest Florida living with a private pool and spa overlooking a stunning lake view-it doesn't get better than this. The home features a desirable split floor plan, with a well-positioned office and primary suite both offering serene water views.
The spacious primary bathroom includes a soaking tub and an oversized walk-in shower with multiple shower heads. The fully upgraded kitchen is designed for both style and function, featuring wood cabinetry with soft-close drawers and quartz countertops.
For peace of mind, the home includes impact-resistant windows and doors, with electric hurricane shutters on the lanai. Additional updates include a new roof (2023) and a new pool cage (2023). Flood insurance is currently only $1,519 per year.
This Victoria model is one of the most convenient and sought-after floor plans in Coco Bay. The home shows like a model and reflects meticulous care by the original owner since 2007.
Ideally located near Sanibel, Captiva, Fort Myers Beach, as well as shopping, dining, and all that Fort Myers has to offer.
Schedule your private showing today-this opportunity won't last long.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017