20650 Garden Drive
About This Property
Move-in ready and turnkey furnished, this spacious home offers 2 bedrooms, a den, and 2 baths. The layout includes a large living room, an open eat-in kitchen, and two master bedrooms. The den has a little closet which is currently used as an office and features convenient access to the second bedroom and bath with a laundry area.
Enjoy the Florida lifestyle on the screened lanai, while the long, covered driveway provides ample space for cars, boats, and more. The landscaped backyard adds charm, and an attached storage room and shed offer extra convenience. Additional features include 3-year-old AC, included appliances, and protective awnings. Importantly, this home has sustained no hurricane damage.
Located in the sought-after Mariner's Cove, this Gulf Access community provides central water and sewer, lawn care included in the HOA fee, boat ramps, slips (waitlist), a community pool, clubhouse, shuffleboard, and more. Conveniently situated near shopping, beaches, the airport, and all that Estero has to offer, it's a fantastic location.
Key Details:
55+ community
No pets allowed
This is a must-see home for those seeking comfort, convenience, and Gulf Access living!
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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 |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| Jun 9, 2025 | In contract | - | |
| In contract | |||
| May 12, 2025 | Price Decreased |
$115,000
↓ $25K
(17.9%) | |
| Price Decreased | |||
| Mar 14, 2025 | Price Decreased |
$140,000
↓ $15K
(9.7%) | |
| Price Decreased | |||
| Jan 21, 2025 | Listed by Realty Group of SW Florida Inc | $155,000 | |
| Listed by Realty Group of SW Florida Inc | |||
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About Estero
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017