20281 Fair Oak Lane
About This Property
Designed for both everyday living and entertaining, the open-concept layout features a spacious great room overlooking the water, a first-floor bedroom with full bath access, a functional mudroom, impact-resistant windows and doors throughout, and thoughtful designer finishes. The kitchen is the centerpiece of the home with quartz countertops, upgraded cabinetry, stainless steel appliances, chimney hood, and an oversized island that flows seamlessly into the dining and living spaces.
Upstairs, every bedroom features its own en suite bathroom, offering privacy and comfort for family and guests alike. The spacious primary suite includes dual walk-in closets, dual vanities, a Roman soaking tub, and a separate walk-in shower.
Step outside to the screened lanai and enjoy peaceful long lake views with room for a future custom pool. Already plumbed for an outdoor kitchen, this backyard is ready to become your own private Florida retreat.
The 3-car garage includes an electric vehicle charging station along with ample storage space.
Located in one of Estero's newest gated resort-style communities, RiverCreek residents enjoy access to a 12,000-square-foot clubhouse with resort pool, fitness center, indoor sports complex, pickleball courts, tennis courts, bocce, splash park, playground, fire pit lounge, card rooms, and more. Conveniently located near shopping, dining, RSW Airport, and Southwest Florida's beautiful Gulf beaches and we are not in a flood zone for added peace of mind.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Price Decreased |
$850,000
↓ $25K
(2.9%) | |
| Price Decreased | |||
| May 30, 2026 | Listed by Royal Shell Real Estate, Inc. | $875,000 | |
| Listed by Royal Shell Real Estate, Inc. | |||
| Oct 19, 2024 | No longer available | - | |
| No longer available | |||
| Sep 15, 2024 | Price Decreased |
$969,000
↓ $20K
(2%) | |
| Price Decreased | |||
| Apr 17, 2024 | Listed by Royal Shell Real Estate, Inc. | $989,000 | |
| Listed by Royal Shell Real Estate, Inc. | |||
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Step inside and fall in love with the possibilities! Move-In Ready Luxury Awaits in RiverCreek! Bypass the wait of new construction and embrace immediate occupancy of the first resale home in this exquisite 4-bedroom + den, 5-bath home with a loft. Unlike properties under construction, this residence offers the opportunity to begin experiencing the coveted RiverCreek lifestyle without delay. Spanning 3694 square feet, the home boasts a captivating great room showcasing a pristine lake view, all upstairs bedrooms have an en suite bath, a screened lanai ideal for unwinding under the Florida sky, and a three-car garage with ample storage. Prime Location on a Premium Lake Lot that offers the potential for a future pool – the lanai is already plumbed for an outdoor kitchen, allowing you to craft your own backyard sanctuary. This exceptional property positions you mere steps from RiverCreek's expansive 12,000 square foot clubhouse, featuring an array of resort-style amenities for the entire family. Unparalleled Living in RiverCreek from the grand entrance to the meticulously maintained streets, every detail within RiverCreek exudes elegance, seamlessly complementing the surrounding natural beauty. The impressive clubhouse boasts resort-style amenities, including a resort pool, indoor sports facility, pickleball courts, bocce ball courts, tennis courts, and a dedicated card room. Seize this exceptional opportunity! This move-in-ready haven embodies the essence of luxury living. Please note that we have virtually staged some of the pictures to give you a better idea of what this wonderful home can look like when it becomes yours. The facility pictures are an artist rendering of the delight that awaits you at RiverCreek.
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About Lee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017