2382 King Palm Way
About This Property
At the heart of this nearly 5,000-square-foot home is a stunning 2,250-square-foot interior screened-in courtyard, seamlessly connecting the living areas while providing an oasis of natural beauty and privacy. With its large, updated pool and spa, two spacious covered living areas, and a fully equipped outdoor kitchen and bar, the courtyard is ideal for entertaining or relaxing. The large open kitchen features an adjacent dining area butler's pantry and wet bar. The family room is bathed with natural light through French doors that lead to an adjacent patio ideal for al fresco dining.
The owner's suite overlooks the panoramic lake and golf course view and features dual baths and custom closets with an adjacent study completing the ideal private oasis. Additional features include a 9-by-49-foot rear screened-in covered lanai, a second office with lake and golf course views, attached three-car garage plus large workshop, detached private cabana with living room, two baths with two adjacent bedrooms and a gas generator.
A world of luxury awaits you in Grey Oaks including three championship golf courses, lagoon resort-style pool and bar, wellness center with spa services, tennis and pickleball courts just minutes from downtown Naples.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 31, 2025 | Sold | ||
| Sold | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Price Decreased |
$4,995,000
↓ $455K
(8.4%) | |
| Price Decreased | |||
| Mar 4, 2025 | Price Decreased |
$5,450,000
↓ $145K
(2.6%) | |
| Price Decreased | |||
| Feb 5, 2025 | Price Decreased |
$5,595,000
↓ $355K
(6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017