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2296 Island Cove Circle
About This Property
White kitchen with quartzite counters, plantation shutters, built-in cabinetry, and an owner's suite with a large walk-in closet and jetted tub. LED lighting runs through the kitchen, baths, laundry, and garage. The pie-shaped homesite and squared floor plan give the house wide lake frontage and room to add a private pool, in a quiet interior position set well off Pelican Marsh Boulevard and a short walk to Island Cove's lakeside community pool. Turtles and wading birds gather along the shoreline.
Pelican Marsh residents have an attended fitness center, full-service spa, restaurant, bocce, and a professional tennis program, minutes from Mercato, Waterside Shops, and Vanderbilt Beach. Golf membership is available at Pelican Marsh Golf Club.
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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 |
|---|---|---|---|
| Oct 27, 2026 | Sold | ||
| Sold | |||
| Oct 9, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Listed by 5th Homes | $1,035,000 | |
| Listed by 5th Homes | |||
| Aug 30, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 1, 2026 | Withdrawn | - | |
| Withdrawn | |||
Property Highlights
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About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017