20132 BALLYLEE Court
About This Property
Step inside and be greeted by soaring natural light that fills every room, complemented by tile flooring throughout, crown molding, and a freshly painted interior completed in 2026. The gourmet kitchen is a true showstopper, featuring premium cabinetry with a custom pantry, designer cabinet doors, and thoughtfully appointed drawers - perfect for the home chef who appreciates both style and function. The den provides the ideal flex space for a home office, reading room, or guest overflow, while the spacious two-car garage offers abundant storage and convenience. When it's time to unwind, step out to the large covered lanai - a perfect setting for entertaining or simply soaking in the Florida lifestyle. Peace of mind comes standard with full accordion hurricane protection throughout, along with an upgraded washer and dryer included.
Beyond your front door, the Cascades at Estero delivers a vibrant, resort-style 55+ lifestyle anchored by a recently renovated clubhouse featuring a grand ballroom, state-of-the-art fitness center, tennis, pickleball, bocce, billiards room, and arts and crafts studio - all with some of the lowest HOA fees in the area, which include cable, internet, ADT security, and more. Perfectly situated in the heart of Estero, you'll enjoy easy access to Coconut Point Mall, Gulf Coast Town Center, Miromar Outlets, Southwest Florida International Airport, and some of Southwest Florida's most beautiful beaches.
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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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| Apr 28, 2026 | Price Decreased |
$359,000
↓ $16K
(4.3%) | |
| Price Decreased | |||
| Mar 23, 2026 | Price Decreased |
$375,000
↓ $14K
(3.6%) | |
| Price Decreased | |||
| Feb 23, 2026 | Listed by Compass Florida, LLC | $389,000 | |
| Listed by Compass Florida, LLC | |||
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About Estero
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017