331 Spring Line Drive
About This Property
Built in 2019, this home was constructed with 25% more structural integrity than required by code, high elevation, impact windows, doors, 40-year metal roof, and much more. The Circular Driveway allows for safe access onto quiet and prestigious Spring Line Drive. This Grand Entryway with Double Doors leads you into this fabulous home. The Large Open Floor Plan allows for a nice flow between the Kitchen, Dining and Living Rooms.
The Kitchen Officers Beautiful White Cabinets, Quartz Counters, Stainless Steel Appliances, and a Large Island. The large Walkin Pantry is a nice addition.
The Living Room has a Tongue and Grove Ceiling, Wood Plank Tile Floors and a Terrific View of the Amazing Pool and Back yard. The Sliding Glass Doors can be opened, the Lanai Screen Panels can be lowered with a push of the button, and the Tall Front Doors have a retractable screen which allows for amazing cross breezes.
Also located on the First Floor, is a Separate Family Room. This room has a lot of versatility and could also be used as an executive home office, a library, or a movie room.
The First Floor Master Bedroom has a wonderful view of the pool area and large lush, landscaped back yard. The stunning Master Bathroom offers a walk-in shower with dual heads and entrances on each end. There are his and her vanities with each providing plenty of counter space.
There are two Half Baths located on the First Floor as well as a Large Laundry Room.
The two Guest Suites are located on the private Second Floor and have their own Full Bathrooms with walk-in showers. Both Suites offer stunning views of the backyard. The Second Floor offers a Quiet Living Area for family or guests along with a big screen tv, sofa, refrigerator, and a counter to place refreshments.
The Lanai area offers a Tongue and Grove Wood Ceiling, Electric Storm Shutters and Screens, and nice furnishings. The Pool Deck is approximately 1750 square feet which includes beautiful decking and a 16X30 Pool. This area is surrounded by lush landscaping to include but not limited to a beautiful lawn, different types of plantings along with tall hedges which offer tremendous privacy for not only the pool area but the entire property.
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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 |
|---|---|---|---|
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| Apr 25, 2026 | Price Decreased |
$5,100,000
↓ $4M
(41.4%) | |
| Price Decreased | |||
| Feb 15, 2026 | Price Decreased |
$8,700,000
↓ $500K
(5.4%) | |
| Price Decreased | |||
| Dec 15, 2025 | Listed by Premiere Plus Realty Company | $9,200,000 | |
| Listed by Premiere Plus Realty Company | |||
| Oct 6, 2017 | Sold | ||
| Sold | |||
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About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017