1640 Dolphin Court
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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%.
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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.
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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 |
|---|---|---|---|
| Feb 2, 2026 | Sold | ||
| Sold | |||
| Jan 15, 2026 | In contract | - | |
| In contract | |||
| Nov 11, 2025 | Listed by Coldwell Banker Realty | $15,995,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 9, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 3, 2025 | Listed by Coldwell Banker Realty | $16,995,000 | |
| Listed by Coldwell Banker Realty | |||
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Step into the pinnacle of luxury waterfront living with this one-of-a-kind masterpiece, built to the newest base flood elevation code. Crafted by the acclaimed team of C&E Builders and renowned designer Ruta Menaghlazi of Theory Design. This stunning 6,500 square-foot custom estate in Royal Harbor is a testament to visionary design and unparalleled craftsmanship. Every inch of this home exudes sophistication and elegance, offering breathtaking panoramic water views that greet you the moment you step inside.
As you enter, you are welcomed by an expansive living room bathed in natural light, with floor-to-ceiling windows framing sweeping vistas of the bay. This space is perfect for entertaining, where indoor-outdoor living is effortless, and every sunset becomes an event to be savored. Seamless flow leads you to the outdoor oasis, where a sun shelf, a custom spa, and a sparkling pool beckon you to soak up the western exposure sun or relax under the stars.
The heart of this residence is the chef’s kitchen—a true showpiece with luxurious marble countertops and backsplashes. The oversized center island invites both grand celebrations and casual gatherings, while top-tier appliances await the culinary enthusiast. Tucked away, a tastefully concealed butler’s pantry offers generous prep and storage space, ensuring effortless entertaining.
The primary suite on the main level is a serene sanctuary, designed for ultimate relaxation. Its spa-like en-suite bath boasts elegant finishes, a soaking tub, and an oversized shower with multiple showerheads, delivering a resort-like experience right at home. Upstairs, via your private elevator, you'll discover a versatile loft and morning kitchen, perfect for guests to enjoy their own slice of paradise. Each guest bedroom is ensuite, offering balconies with mesmerizing water views.
Entertainment knows no bounds here, with a club room that has it all, including a luxury billiards table, a custom bar and a movie theatre-style TV sitting area. Attached to the club room is a fifth ensuite bedroom that could also be used as a study or workout room. For boating enthusiasts, the home's 157 feet of water frontage provides direct, bridge-free access to the Gulf of Mexico, making it a boater’s dream come true.
Nestled in the coveted Royal Harbor community, this estate places you just minutes from the world-class shopping, dining, and pristine beaches of 5th Avenue South. This is more than a home—it’s an experience, a statement, and the epitome of Naples living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017