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2233 Forrest Lane
About This Property
Perfect for boaters, the home is bridge free to the Gulf of Mexico. There are many outdoor spaces this home has to offer . Swim laps in the 60 foot, 8 foot deep, electric and gas heated salt water pool. 10 minute walk to the Gulf. 3rd level terrace with views of the Bay to the east and sunset to the west. Unparalleled beauty defined in this Asian-Italian inspired courtyard home. Upon entering through an iron gate you are greeted by a flowing water koi pond, exquisite Marmorino venetian plaster walls on the interior and exterior, Luxbaum (hurricane proof) windows, stone and rosewood floors throughout highlighted by blooming bougainvillea views. Ample space for relaxation and entertaining in the large great room dining kitchen area, 5 bedrooms, 5 full baths, and 2 half baths. The second-floor holds an additional family room with bar and kitchen area perfect for getting away when the family is visiting. The master bedroom has a private sun terrace, a walk-in closet, a large bathroom with dual marble sinks, soaking tub and steam shower. Move-in ready, being offered furnished. Minutes to 3rd Avenue shopping and dining. This home was designed by Tom Pitchard of Matterlake Designs in NYC and built by Garcia Builders . First floor living space significantly elevated. Elevation certificate is available - contact listing agent.
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Cap Rate Calculator
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 1, 2026 | Sold | ||
| Sold | |||
| Jul 22, 2026 | In contract | - | |
| In contract | |||
| Jul 18, 2026 | Price Decreased |
$8,300,000
↓ $550K
(6.2%) | |
| Price Decreased | |||
| May 21, 2026 | Price Decreased |
$8,850,000
↓ $50K
(0.6%) | |
| Price Decreased | |||
| Apr 9, 2026 | Relisted | $8,900,000 | |
| Relisted | |||
Property Highlights
Building Info
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Price/ft²
Listed On
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About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017