2338 Butterfly Palm Drive
About This Property
you will be hard pressed to find a better OPPORTUNITY for a resort style, family home in NORTH NAPLES!
Motivated Seller. A RARE chance to purchase a large, meticulously updated & well maintained N. Naples home w/nearly 3000 ft.² of interior air conditioned living space, 4 bedrooms + upstairs den/loft, 3 car garage and a 2 story caged "Miami Chic" pool/spa area w/almost 1,000 sq.ft. All in an exclusive N. naples gated community! Sought after Flamingo model. Can you hear the birds? The buttonwood tree lined street and protected tropical PRESERVE backyard delivers quiet, private solitude w/close proximity to the main gate AND steps to the sports center & resort amenities. Extensive designer improvements & favorable features include a RARE 1st AND 2nd floor concrete construction. The expansive rear entertainers dream is enveloped in a STUNNING 30' high pool cage w/elegant shell stone white pavers and NEW Modern pool tile. NEW Impact windows & doors, NEW impact garage doors and motors ('25), NEW roof & gutters ('24), fresh exterior paint ('25) provide value & peace of mind. HVAC systems replaced in '22 & '23. Additional luxury features include a smart water filtration & softener system ('24), smart water softener, reverse osmosis system, central vacuum, instant hot water heater ('23), NEW upstairs carpeting ('25), & NEW washer/dryer. Designer remodeling finishes are throughout: NEW light toned LVP, CUSTOM pantry closet system & NEW designer bath remodels highlighted by the reimagined spa primary ('25) w/freestanding soaking tub. Other custom details: NEW shiplap, coastal wallpaper, NEW baseboards, & interior trim ('25), along w/a cozy custom electric fireplace adding warmth & character. *** SATURNIA LAKES is hidden behind cascading waterfalls & sparkling fountains on 6 acres. Have the "vacation" feel all year long w/extensive amenities: 12,000 square-foot clubhouse, resort style Olympic, lap & kiddie pool, hot tub, sandy beach, saunas, massage & card rooms, ballroom, billiards room, dance studio, Internet cafe & arts/crafts room. For WELLNESS enthusiasts: state of the art fitness center, Clay & Har-Tru tennis courts, playground, basketball court, lakeside putting green,& miles of walking/jogging paths. Walk to Gulf Coast HS thru 'Passive Park." Included in the $616 monthly HOA fee: high speed fiber optic Internet, HD/DVR cable service w/2 boxes, monitored alarm security, gate guard w/private side gate on Logan Blvd for residence only, irrigation, lawn, landscape, trimming & pest. Just minutes to highway 75, shopping & restaurants galore @ the NEW Founders Square & Logan Landing. A short 15 min to the Gulf of Mexico & 20 min to the airport. We challenge you to find a home with the square footage, in this condition, with these amenities and upgrades – for this price – in a gated A+ rated school district. We invite you to see in person what a REAL OPPORTUNITY this is for your family's next DREAM COME TRUE!
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Aug 5, 2025 | In contract | - | |
| In contract | |||
| Jul 6, 2025 | Price Decreased |
$925,000
↓ $72K
(7.2%) | |
| Price Decreased | |||
| May 28, 2025 | Price Decreased |
$997,000
↓ $53K
(5.1%) | |
| Price Decreased | |||
| May 19, 2025 | Price Decreased |
$1,050,000
↓ $50K
(4.6%) | |
| Price Decreased | |||
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About Urban Estates
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$5,950 /mo
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$6,000 /mo
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- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017