2385 Naples Trace Circle #1
About This Property
LOCATION...LOCATION... LOCATION with MOTIVATED SELLER. Priced for QUICK SALE..
1st floor Condo....LIGHT and BRIGHT with preserve view at back for privacy... on a CUL-DE-SAC...
3.5 miles to the beach, walking distance to SHOPPING, DINING, SCHOOLS...
We are told that annual rentals are going for $2200 TODAY $2400 per month for these condos
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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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/28/2026
|
2 Bed
|
2 Bath
|
1000 ft²
|
$275,000
2 Bed
2 Bath
1000 ft²
|
$268,000
-2.55%
07/21/2026
|
Daniel Ilie
Premiere Plus Realty Co.
| |
|
04/28/2025
|
2 Bed
|
2 Bath
|
1155 ft²
|
$255,900
2 Bed
2 Bath
1155 ft²
|
$234,000
-8.56%
06/18/2025
|
Kamal Mahajan
Sellstate Achievers Realty
| |
|
02/01/2025
|
2 Bed
|
2 Bath
|
1000 ft²
|
$249,000
2 Bed
2 Bath
1000 ft²
|
$199,000
-20.08%
09/09/2025
|
Mario Moreno
DomainRealty.com LLC
| |
|
09/28/2024
|
2 Bed
|
2 Bath
|
1155 ft²
|
$249,000
2 Bed
2 Bath
1155 ft²
|
-
-
|
Kamal Mahajan
Sellstate Achievers Realty
| |
|
07/18/2024
|
2 Bed
|
2 Bath
|
1064 ft²
|
$299,995
2 Bed
2 Bath
1064 ft²
|
$295,000
-1.67%
08/21/2024
|
Bryan H Brax
Downing Frye Realty Inc.
| |
|
05/10/2024
|
2 Bed
|
2 Bath
|
1155 ft²
|
$287,000
2 Bed
2 Bath
1155 ft²
|
$265,000
-7.67%
08/26/2024
|
Kelly Capolino
Downing Frye Realty Inc.
| |
|
04/06/2023
|
2 Bed
|
2 Bath
|
1064 ft²
|
$279,000
2 Bed
2 Bath
1064 ft²
|
-
-
|
Carl T Steppling
Premiere Plus Realty Co.
| |
|
05/01/2013
|
2 Bed
|
2 Bath
|
1000 ft²
|
$89,000
2 Bed
2 Bath
1000 ft²
|
$82,900
-6.85%
06/28/2013
|
Barry Weissman
Downing Frye Realty Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017