3150 Binnacle Drive #210
About This Property
The residence offers an excellent opportunity for a new owner to reimagine the space and create something truly special. It serves as a blank canvas, ready for personal vision and design, allowing you to tailor the property to your own style and preferences in a prime coastal location.
Residents enjoy a well-maintained community pool, a dock overlooking the lake, and ample guest parking. The location places you just minutes from Venetian Village, Waterside Shops, and Fifth Avenue South, with some of Naples' best dining, shopping, and beaches close at hand.
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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 |
|---|---|---|---|
| Jul 14, 2026 | Sold | ||
| Sold | |||
| Jun 18, 2026 | In contract | - | |
| In contract | |||
| May 3, 2026 | Price Decreased |
$230,000
↓ $12K
(5%) | |
| Price Decreased | |||
| Mar 24, 2026 | Price Decreased |
$242,000
↓ $28K
(10.4%) | |
| Price Decreased | |||
| Feb 17, 2026 | Price Decreased |
$270,000
↓ $25K
(8.5%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/18/2026
|
2 Bed
|
2 Bath
|
1000 ft²
|
$295,000
2 Bed
2 Bath
1000 ft²
|
$198,000
-32.88%
07/14/2026
|
Josh Emberg
Amerivest Realty
| |
|
11/12/2025
|
2 Bed
|
2 Bath
|
1000 ft²
|
$315,000
2 Bed
2 Bath
1000 ft²
|
$220,000
-30.16%
09/17/2026
|
Annie Hagstrom
John R Wood Properties
| |
|
10/30/2025
|
2 Bed
|
2 Bath
|
1000 ft²
|
$350,000
2 Bed
2 Bath
1000 ft²
|
$270,000
-22.86%
06/12/2026
|
Michelle Lauzier
Douglas Elliman Florida,LLC
| |
|
02/17/2025
|
2 Bed
|
2 Bath
|
1000 ft²
|
$430,000
2 Bed
2 Bath
1000 ft²
|
-
-
|
Diana Marcela Villarreal
Xclusive Homes LLC
| |
|
01/17/2025
|
2 Bed
|
2 Bath
|
1000 ft²
|
$435,000
2 Bed
2 Bath
1000 ft²
|
-
-
|
Jo Mangieri
Coldwell Banker Realty
| |
|
10/06/2024
|
2 Bed
|
2 Bath
|
1000 ft²
|
$450,000
2 Bed
2 Bath
1000 ft²
|
-
-
|
Diana Marcela Villarreal
Xclusive Homes LLC
| |
|
05/24/2024
|
2 Bed
|
2 Bath
|
1000 ft²
|
$424,900
2 Bed
2 Bath
1000 ft²
|
-
-
|
Ellen Boyce
Keller Williams Elite Realty
| |
|
02/26/2024
|
2 Bed
|
2 Bath
|
1000 ft²
|
$524,900
2 Bed
2 Bath
1000 ft²
|
-
-
|
christina Burghart Forst
EXP Realty LLC
| |
|
01/03/2024
|
2 Bed
|
2 Bath
|
1000 ft²
|
$595,000
2 Bed
2 Bath
1000 ft²
|
-
-
|
Michelle A Lauzier
Douglas Elliman Florida,LLC
| |
|
11/20/2023
|
2 Bed
|
2 Bath
|
1000 ft²
|
$439,000
2 Bed
2 Bath
1000 ft²
|
-
-
|
Mary Bove
Premiere Plus Realty Company
| |
|
10/23/2023
|
2 Bed
|
2 Bath
|
1000 ft²
|
$449,500
2 Bed
2 Bath
1000 ft²
|
$300,000
-33.26%
11/12/2025
|
Susy Gurevich
Downing Frye Realty Inc.
| |
|
09/30/2023
|
2 Bed
|
2 Bath
|
1000 ft²
|
$450,000
2 Bed
2 Bath
1000 ft²
|
-
-
|
Charlie Wallen
Naples Flat Fee Realty LLC
| |
|
11/28/2022
|
2 Bed
|
2 Bath
|
1000 ft²
|
$480,000
2 Bed
2 Bath
1000 ft²
|
-
-
|
Debbie Pappas-Burback, PA
Compass Florida LLC
| |
|
05/31/2022
|
2 Bed
|
2 Bath
|
1000 ft²
|
$580,000
2 Bed
2 Bath
1000 ft²
|
-
-
|
Jeffrey L Edmunds
Downing Frye Realty Inc.
| |
|
07/20/2022
|
2 Bed
|
2 Bath
|
1000 ft²
|
$639,000
2 Bed
2 Bath
1000 ft²
|
-
-
|
Janet Marinis
John R Wood Properties
| |
|
12/14/2020
|
2 Bed
|
2 Bath
|
1000 ft²
|
$329,900
2 Bed
2 Bath
1000 ft²
|
-
-
|
-
| |
|
03/26/2021
|
2 Bed
|
2 Bath
|
1000 ft²
|
$359,900
2 Bed
2 Bath
1000 ft²
|
-
-
|
Darlene Sanders
Premiere Plus Realty Co.
| |
|
03/02/2021
|
2 Bed
|
2 Bath
|
1000 ft²
|
$339,900
2 Bed
2 Bath
1000 ft²
|
-
-
|
-
| |
|
02/16/2021
|
2 Bed
|
2 Bath
|
1000 ft²
|
$375,000
2 Bed
2 Bath
1000 ft²
|
-
-
|
-
| |
|
11/07/2019
|
2 Bed
|
2 Bath
|
1000 ft²
|
$254,500
2 Bed
2 Bath
1000 ft²
|
-
-
|
-
| |
|
07/11/2019
|
2 Bed
|
2 Bath
|
1000 ft²
|
$259,000
2 Bed
2 Bath
1000 ft²
|
-
-
|
-
| |
|
04/23/2019
|
2 Bed
|
2 Bath
|
1000 ft²
|
$324,900
2 Bed
2 Bath
1000 ft²
|
-
-
|
-
| |
|
05/30/2018
|
2 Bed
|
2 Bath
|
1000 ft²
|
-
2 Bed
2 Bath
1000 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017