23120 Coconut Shores Drive
About This Property
This exquisite residence boasts three inviting bedrooms, including a versatile space equipped with a Murphy bed and a built-in office area-perfect for work or relaxation. The well-appointed eat-in kitchen features an island with wine storage and abundant cabinetry, seamlessly flowing into spacious living and dining areas designed for entertaining and cherished moments with family and friends.
Embrace the outdoor lifestyle on the expansive lanai, which offers a covered area for year-round enjoyment. It's an idyllic spot to observe local wildlife and bask in the tranquil sounds of the dual fountains.
This home is not only furnished for your convenience but has also seen significant upgrades: a brand-new roof (2020), a modern A/C system (2022), and a water heater (2023). With plantation shutters adorning all bedroom windows and the eat-in kitchen, plus newer hurricane windows (2019) and electric hurricane shutters at the rear, you'll have peace of mind and style. A generator in the garage adds an extra layer of preparedness for the new owners.
This move-in ready gem is competitively priced, offering the perfect canvas for you to customize with your personal colors and decor. Don't miss your chance to make this exceptional property your new home!
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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 |
|---|---|---|---|
| Mar 18, 2025 | Sold | ||
| Sold | |||
| Mar 6, 2025 | In contract | - | |
| In contract | |||
| Feb 25, 2025 | Price Decreased |
$439,000
↓ $16K
(3.5%) | |
| Price Decreased | |||
| Jan 21, 2025 | Price Decreased |
$455,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Nov 11, 2024 | Listed by Compass Florida LLC | $465,000 | |
| Listed by Compass Florida LLC | |||
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About Estero
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017