20200 Slalom Course Court
About This Property
This estate-size property is FULLY ENGINEERED AND READY FOR PERMIT SUBMISSION and includes TWO COMPLETE SETS OF STAMPED ARCHITECTURAL HOUSE PLANS (APPROX. $60,000 VALUE). With NO REQUIRED TIMELINE TO BUILD and NO MAXIMUM HOME SIZE stated in the HOA documents, owners may design a custom residence tailored to their needs-whether a 3,500 sqft single-story layout or a 7,000+ sq ft multi-level estate. The oversized building envelope also allows for RV garages, workshops, hobby spaces, guest casitas, or multigenerational suites, subject to association approval.
The homesite offers DIRECT SKI-LAKE FRONTAGE WITH HIGHLY DESIRABLE SOUTHWEST EXPOSURE, creating stunning golden-hour lighting and exceptional sunset views. Ultimate Ski Lake is a boutique, low-density community of only 13 properties and is surrounded by approximately 96 ACRES OF CONSERVATION LAND, providing privacy, natural beauty, and a tranquil setting that is increasingly difficult to find in Estero.
Residents enjoy access to a COMMUNITY DOCK, a sandy waterfront area, and crystal-clear lake water ideal for water skiing, wakeboarding, tubing, paddleboarding, and kayaking. Several existing homes within the community are VALUED ABOVE $3 MILLION, reinforcing the luxury character and long-term value of the neighborhood.
Located along the rapidly growing East Corkscrew corridor, this property offers convenient proximity to the NEW PUBLIX AT VERDANA VILLAGE (1.5 MILES), the future KINGSTON MASTER-PLANNED DEVELOPMENT (3 MILES), and is approximately 15–20 MINUTES to Miromar Outlets, Gulf Coast Town Center, Hertz Arena, and I-75. SOUTHWEST FLORIDA INTERNATIONAL AIRPORT (RSW) is just 20–25 MINUTES AWAY, and Fort Myers Beach and Bonita Beach are reachable in UNDER AN HOUR.
This offering represents one of Estero's LAST OPPORTUNITIES TO SECURE A READY-TO-BUILD ACREAGE HOMESITE with both privacy and premium lakefront recreation. A truly exceptional canvas for a luxury custom estate.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Mar 30, 2026 | Price Decreased |
$464,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| Jan 29, 2026 | Price Decreased |
$465,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Dec 7, 2025 | Listed by Exp Realty, LLC | $475,000 | |
| Listed by Exp Realty, LLC | |||
| Jul 30, 2025 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017