20022 Castlemaine Avenue
About This Property
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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.
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 |
|---|---|---|---|
| Aug 3, 2025 | No longer available | - | |
| No longer available | |||
| Feb 2, 2025 | Listed by Keller Williams Elevate Luxury | $474,000 | |
| Listed by Keller Williams Elevate Luxury | |||
| Sep 23, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Aug 5, 2024 | Listed by Premier Sotheby's Int'l Realty | $410,000 | |
| Listed by Premier Sotheby's Int'l Realty | |||
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Enjoy a beautiful lake view with a serene fountain right from your backyard, creating a picturesque setting for daily living. The rare-to-find Montego floor plan offers comfortable living space with great potential and features two bedrooms, two baths and a large office room that could be easily converted into a third bedroom. The spacious primary suite has dual walk-in closets, and a primary bath with dual vanities, a walk-in shower and a bathtub. The home is equipped with impact-resistant windows and shutters for the lanai sliding doors, ensuring safety and peace of mind during storm season. Although the house needs updates, it offers a fantastic opportunity to customize it to your taste and preferences. Within distance to community amenities, you'll have easy access to the clubhouse, swimming pool, fitness center, and variety of recreational activities and social events designed for an active lifestyle. Don’t miss the chance to own this charming home in a vibrant 55+ community in Estero. Schedule your private tour today and envision the possibilities!
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About Estero
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017