20503 Black Tree Lane
About This Property
Meticulously maintained and extensively updated, this 4-bedroom, 3-bath home delivers EXCEPTIONAL value with a true 3-CAR GARAGE, large enough for three vehicles, not just a golf cart and an insulated garage for added comfort and storage.
The oversized lot offers valuable flexibility and plenty of room for a future pool and expanded outdoor living. Extensive HURRICANE PROTECTION provides added peace of mind and helps protect your investment, while LOW HOA fees keep ownership costs attractive.
With so much already done, you can move in, enjoy, and invest confidently rather than spend years and significant money updating a home. A rare combination of space, upgrades, protection, and value in Estero!
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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 15, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 14, 2026 | Listed by Compass Florida LLC | $609,000 | |
| Listed by Compass Florida LLC | |||
| Jul 10, 2026 | Listed by Compass Florida LLC | $624,900 | |
| Listed by Compass Florida LLC | |||
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VERY LOW HOA FEES! 4 BEDROOMS, 3 BATHS, RARE THREE-CAR INSULATED GARAGE, OVERSIZED LOT WITH ROOM FOR A POOL & EXTENSIVE HURRICANE PROTECTION! This immaculate, beautifully upgraded Southwest Florida home delivers the space, storage, protection, and lifestyle today's buyers are searching for.
Situated on an expansive oversized homesite, this pristine residence features accordion hurricane shutters, an electric hurricane screen on the extended lanai, a newer HVAC system, newer hot water heater, whole-house water filtration system, and numerous thoughtful upgrades throughout.
Inside, you'll find a spacious, beautifully appointed interior featuring a large kitchen with designer granite countertops, crown molding throughout, custom window treatments, plantation shutters, a Phantom screen door, newer carpeting, and newer refrigerator and dishwasher. The luxurious primary bath is enhanced by a sleek frameless glass shower.
The rare three-car garage provides exceptional storage and features newly finished garage flooring, while the extended lanai creates the perfect setting for morning coffee, sunset cocktails, entertaining, and enjoying Florida's year-round indoor-outdoor lifestyle.
With very low HOA fees, four bedrooms, three full baths, a coveted three-car garage, extensive hurricane protection, impressive upgrades, and plenty of room to create your own private pool oasis, this exceptional move-in-ready home is a rare opportunity you won't want to miss!
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| Jul 10, 2014 | Sold | ||
| Sold | |||
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About Lee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017