2297 Longboat Drive
About This Property
Located on a quiet, private street, this home has great curb appeal and is just minutes to beaches, shopping, dining, and parks. The Coconut River community offers an optional HOA for just $450/year, granting access to a boat ramp, heated pool, tennis, pickleball, playground, gazebo, dog park, and trailer storage. The active association hosts regular social events for all ages. Experience the best of Naples waterfront living-schedule your private showing today!
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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 |
|---|---|---|---|
| Aug 14, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Price Decreased |
$910,000
↓ $60K
(6.2%) | |
| Price Decreased | |||
| Jan 26, 2025 | Price Decreased |
$970,000
↓ $15K
(1.5%) | |
| Price Decreased | |||
| Oct 22, 2024 | Relisted | $985,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017