2341 Cheshire Lane
About This Property
The home features an open-concept layout with well-proportioned living spaces and a spacious kitchen with center island and 42-inch cabinetry, ideal for both daily living and entertaining. Large sliding doors connect the main living area to a screened lanai with swimming pool, positioned to capture peaceful water and golf course views. The outdoor space offers a private setting for relaxation or hosting guests.
The owner's suite enjoys tranquil views and includes a spa-style bath with direct access to the lanai and pool area. Additional highlights include a whole-house generator, crown molding, and 8-foot interior doors throughout, contributing to the home's clean architectural lines and functional comfort.
Watercrest is a gated neighborhood within Pelican Marsh, a centrally located Naples community known for its mature landscaping and comprehensive amenities. Residents enjoy access to tennis, fitness facilities, and an extensive network of walking and biking paths, with optional private golf membership available. The location provides convenient proximity to Naples' white-sand beaches, dining, and shopping, including Mercato.
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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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Apr 5, 2026 | In contract | - | |
| In contract | |||
| Mar 3, 2026 | Price Decreased |
$2,200,000
↓ $195K
(8.1%) | |
| Price Decreased | |||
| Jan 28, 2026 | Listed by John R Wood Properties | $2,395,000 | |
| Listed by John R Wood Properties | |||
| Jan 21, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
Property Highlights
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About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017