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257 Cape Sable Drive
About This Property
Step outside to your screened lanai and take in the peaceful lake views and spectacular Southwest Florida sunsets. The newly added sun deck provides the perfect spot to soak up the Florida sunshine, relax with your morning coffee, or unwind while enjoying the beautiful outdoor surroundings. The spacious yard and two generously sized storage sheds offer plenty of room for outdoor enjoyment and additional storage.
Best of all, you OWN the land with NO land lease fees! Enjoy the benefits of LOW monthly HOA fees that include cable, internet, lawn care, and land maintenance, making this an affordable and low-maintenance Florida retreat! Cape Sable Lakes also offers wonderful community amenities, including two swimming pools, cabana, and clubhouse. This pet-friendly community allows up to two domestic animals, and only one owner is required to be 55 or older.
Whether you're searching for a seasonal retreat, a year-round residence, or an investment opportunity, this charming Naples home offers exceptional value, beautiful views, and an inviting Florida lifestyle. Conveniently located near shopping, dining, and Naples' beautiful beaches, this is an opportunity you won't want to miss!
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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 |
|---|---|---|---|
| Nov 7, 2026 | Price Decreased |
$175,000
↓ $8K
(4.4%) | |
| Price Decreased | |||
| Oct 23, 2026 | Listed by Realty One Group MVP | $183,000 | |
| Listed by Realty One Group MVP | |||
| Jan 13, 2025 | Sold | ||
| Sold | |||
| Dec 18, 2024 | In contract | - | |
| In contract | |||
| Nov 27, 2023 | Listed by Realty One Group MVP | $169,900 | |
| Listed by Realty One Group MVP | |||
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Motivated Sellers. Currently rented for season until end of April. Will have to honor lease. New Laminate wood flooring in bedrooms with new sub flooring! Discover your Naples getaway in this meticulously cared-for 2-bed, 1-bath residence nestled in Paradise. Sold fully furnished, this home offers a fantastic lake view and captivating sunsets from the screened lanai. The roof was redone in 2017. With a great yard and two spacious storage sheds, this property shows pride of ownership. Cape Sable Lakes is a 55+ community where only one owner needs to be 55. It's an ideal seasonal retreat or savvy investment. Ownership includes the land, eliminating land lease fees, with a modest monthly HOA cost. Enjoy the amenities of two community pools, a gym, cabana, and clubhouse. Pet-friendly, allowing for two domestic animals. Seize the opportunity to claim your own piece of paradise with this charming little getaway. (Recent quote available to buyers to have kitchen remodeled. Available upon request and negotiable). Also, if you are looking to rent for this season, the owner is offering options to rent also.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017