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1940 Mustique Street
About This Property
Some photos have been AI-generated.
LOADS of storage in this well-cared-for, one-owner home in desirable Lamorada in North Naples, surrounded by top schools and all of Naples' favorite places. Sam's Club, Baker Senior Center, restaurants, Mercato, and Vanderbilt Beach. This spacious home includes 4 bedrooms, each with its own bath, plus an additional half bath. The large upstairs bedroom could be used as a home office, bunk room, or hobby space.
This home has a back lanai overlooking the water with a pleasant view and peaceful surroundings.
Amenities include a resort-style pool, theater, fitness center, tennis and pickleball, bocce, and poolside dining, all within a fun, friendly community.
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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%.
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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.
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 |
|---|---|---|---|
| Oct 27, 2026 | Price Decreased |
$841,500
↓ $94K
(10%) | |
| Price Decreased | |||
| Sep 25, 2026 | Listed by Premiere Plus Realty Company | $935,000 | |
| Listed by Premiere Plus Realty Company | |||
| Jul 29, 2016 | Sold | ||
| Sold | |||
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About Rural Estates
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$6,700 /mo
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$7,000 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017