171 Cays Drive
About This Property
make this waterfront gem your new home!
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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 3, 2025 | Sold | ||
| Sold | |||
| Sep 17, 2025 | In contract | - | |
| In contract | |||
| Aug 30, 2025 | Price Decreased |
$799,000
↓ $61K
(7.1%) | |
| Price Decreased | |||
| Jun 5, 2025 | Listed by Keller Williams Marco Realty | $859,900 | |
| Listed by Keller Williams Marco Realty | |||
| Jan 29, 2024 | Listed by Keller Williams Marco Realty | $899,000 | |
| Listed by Keller Williams Marco Realty | |||
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Welcome to 171 Cays Dr, where waterfront living awaits you! From the moment you lay eyes on this exquisite property, its stately presence and curb appeal will captivate you. As you pull into the driveway, a sense of anticipation builds. Stepping through the front door, your attention is immediately drawn to the stunning view of the wide-open water from the spacious screened-in lanai with a refreshing pool. This 3-bedroom, 2-bath home with a 2-car garage boasts an updated kitchen, with boat dock and lift. Enjoy long, intersecting canal views and direct access with no bridges! But there's more - an extra-large walk-in closet provides ample storage space, making organization a breeze. Nestled in the charming waterfront community of Port of the Islands, this residence offers tranquility and convenience. Just a short 20-minute drive to Marco Island and 30 minutes to Downtown Naples, you'll have all the comforts and conveniences at your fingertips. Don't miss the opportunity to make this waterfront gem your new home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017