23164 Grassy Pine Drive
About This Property
Meticulously maintained, this home is ready for you to move in and enjoy the Southwest Florida lifestyle.
This well-loved home offers a tranquil preserve view providing exceptional privacy from the expanded west facing lanai, with an additional serene pond view. An inviting screened entryway greets you. The villa features two bedrooms plus a den with transom windows which promote the natural light throughout. Neutral colors, crown molding, plantation shutters and honeycomb shades add to the home's coastal appeal. New light fixtures, ceiling fans and recessed lighting in the living room add a contemporary touch. The kitchen has a fresh bright look with a new white subway tile backsplash, stainless steel appliances, elegant wood cabinetry and a bonus corner cabinet for added storage. A separate dining area provides the perfect spot for social gatherings. The master ensuite is generously sized with a door leading directly to the lanai, a spacious walk-in closet, separate shower, and a garden tub. The two-car garage has an additional entrance door and laundry tub. The exterior of the home has fresh paint and new light fixtures. The owner's knowledge and love for Florida landscapes is evident in the beautiful plants and gardens surrounding the villa. The large lanai is great for entertaining with its tropical views and a nook in the back for storing your garden tools. Marsh Landing is an active community known for its residents who love to stay and reinvest within. You'll have access to a range of amenities including a clubhouse, community pool and spa, tennis and pickleball courts, bocce, basketball, and a well-equipped fitness center. Situated in a prime location, you'll enjoy easy access to stunning beaches, world-class golf courses, top-tier restaurants, Coconut Point Mall, and Southwest Florida International Airport.
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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 |
|---|---|---|---|
| Dec 9, 2024 | Sold | ||
| Sold | |||
| Nov 7, 2024 | In contract | - | |
| In contract | |||
| Oct 6, 2024 | Price Decreased |
$439,900
↓ $15K
(3.3%) | |
| Price Decreased | |||
| Sep 5, 2024 | Listed by Local Real Estate LLC | $455,000 | |
| Listed by Local Real Estate LLC | |||
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About Estero
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017