1904 Timberline Drive
About This Property
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As the first home built in this intimate enclave of only 47 single family homes, this property offers a unique blend of charm and sophistication.
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Step inside to discover a beautifully renovated kitchen that serves as the heart of this home, perfect for culinary adventures and entertaining guests. The unique floor plan with interesting characteristics, is adorned with elegant wood and tile flooring that complement its high ceilings and bright open spaces. This home includes a 3-car garage, with one bay currently configured as an additional room equipped with a mini-split air conditioning unit, ideal for an office or guest suite. The A/C is 3 years old, the water heater is a year old and newer washer & dryer. Outdoors, enjoy your private retreat featuring a large lanai with a sparkling pool, tropical pond with a soothing waterfall...all set against the backdrop of a serene lake view. As part of a gated community, you can enjoy the community pool, a great place to meet your neighbors! Close to Naples beautiful beaches, great restaurants & shopping! Embrace the tranquility and luxury of this exceptional Naples 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 10, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Sep 13, 2025 | Price Decreased |
$995,000
↓ $104K
(9.5%) | |
| Price Decreased | |||
| Jul 28, 2025 | Price Decreased |
$1,099,000
↓ $50K
(4.4%) | |
| Price Decreased | |||
| May 28, 2025 | Price Decreased |
$1,149,000
↓ $100K
(8%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017