21108 Teak Tree Terrace
About This Property
This 2-story GL Olympia model offered FURNISHED features 4 bedrooms + den, loft, 5 full bathrooms, 3-car garage, 3736 sq ft under air, custom office in flex room w/ frameless glass French doors + custom built-in, custom closets throughout, quartz countertops throughout, gourmet kitchen w/ GE appliances, impact glass windows & doors, tile & wood flooring throughout, high-end light fixtures & fans, plantation shutters throughout, and designer grade cabinetry. SEE ATTACHED FEATURE SHEET to MLS supplements. RiverCreek, a natural gas community, offers an abundance of amenities for the entire family to enjoy. With a sprawling 12,000 sq ft clubhouse featuring an indoor sports complex, a resort-style pool, a fitness center/exercise studio, an event room, a catering kitchen, a card salon, a sports lounge, a fire pit, a playground, a splash park, indoor & outdoor basketball, and lighted courts for pickleball, tennis, and bocce. There's something for everyone across the community. Located off the Corkscrew Road corridor just east of I-75, giving you easy access to FGCU, Coconut Point, Hertz Arena, Gulf Coast Top Golf, Town Center, & Miromar Outlets. Plus, you will be just a short drive to championship golf courses, community parks, and the beaches that line the shore of the Gulf Coast.
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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.
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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 |
|---|---|---|---|
| Aug 28, 2026 | Sold | ||
| Sold | |||
| Jul 28, 2026 | In contract | - | |
| In contract | |||
| Jul 14, 2026 | Listed by Keller Williams Realty Naples | $1,075,000 | |
| Listed by Keller Williams Realty Naples | |||
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About Lee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017