2339 Alexander Palm Drive
About This Property
This estate residence is perfectly situated on one of the most coveted cul-de-sac lots in all of Grey Oaks Golf & Country Club. With approximately 210 feet of rear frontage, it offers expansive, wide-angle views of shimmering water and the 6th green of the Palm Golf Course, all enhanced by highly desirable southern exposure. Recently refreshed and painted this home is designed for elegance and comfort, the home features soaring ceilings and serene views from the large master suite, great room, formal dining room, kitchen, and breakfast room. The private master wing includes a spacious office, oversized walk-in closets, and a luxurious master bath. The guest wing offers four spacious bedrooms and two full baths, ensuring privacy and comfort for family and friends. Ready for a new owner to put their own tastes and improvements to an estate home with an unreplaceable view. Grey Oaks is consistently ranked among the top private golf communities in the country-not only for its ideal Naples location and pristine course conditions, but also for its exceptional amenities, including three championship golf courses, world-class tennis and pickleball, state-of-the-art fitness facilities, and a stunning clubhouse. The community's location is unmatched, just minutes from the white sand beaches of the Gulf of Mexico and the vibrant heart of downtown Naples, where an extraordinary selection of fine dining, boutique shopping, and charming walkable streets await.
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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%.
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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.
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 1, 2026 | Relisted | $5,595,000 | |
| Relisted | |||
| Sep 18, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jun 1, 2026 | Relisted | $5,595,000 | |
| Relisted | |||
| May 14, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Feb 9, 2026 | Price Decreased |
$5,595,000
↓ $100K
(1.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017