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2023 Mills Lane
About This Property
The three-bedroom, two-bath home is filled with natural light and designed for easy Florida living. The open great room flows into the kitchen and dining area, where large windows frame the surrounding greenery, creating the feeling of your very own tree house. The kitchen features custom solid maple cabinetry with soft-close doors and pullouts, while the spacious primary suite offers a walk-in closet, additional closet, and private bath with a large walk-in shower and double-sink vanity. Outdoor living is a highlight of this home, with an eight-foot-deep covered balcony overlooking the lush backyard-the perfect spot for morning coffee, outdoor dining with incredible sunset views, or simply enjoying the peaceful setting. Downstairs, the air-conditioned garage provides an impressive amount of usable space with epoxied floors and room for parking, hobbies, a workshop, or additional storage. A dumbwaiter makes bringing groceries, laundry, and everyday items between levels especially convenient. The oversized property also offers the flexibility that is increasingly hard to find this close to downtown. There is room to store a boat or RV along the side of the home, with a double-wide gate and driveway apron providing easy access. Impact-resistant windows, exterior doors, and garage doors add peace of mind, while Low-E double thermal windows and updated air-conditioning systems contribute to the home's comfort and efficiency.
Whether you're enjoying a quiet evening in the backyard, heading downtown for dinner, or spending the day on the water, 2023 Mills Lane puts the best of Naples within easy reach-all while offering the privacy, space, and flexibility that are so hard to find this close to downtown.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017