347 Emerald Bay Circle #S7
About This 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%.
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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 |
|---|---|---|---|
| Jan 29, 2026 | Sold | ||
| Sold | |||
| Jan 9, 2026 | In contract | - | |
| In contract | |||
| Dec 28, 2025 | Price Decreased |
$585,000
↓ $14K
(2.3%) | |
| Price Decreased | |||
| Nov 4, 2025 | Price Decreased |
$599,000
↓ $16K
(2.6%) | |
| Price Decreased | |||
| Sep 6, 2025 | Listed by William Raveis Real Estate | $615,000 | |
| Listed by William Raveis Real Estate | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/06/2025
|
3 Bed
|
2 Bath
|
1611 ft²
|
$615,000
3 Bed
2 Bath
1611 ft²
|
$560,000
-8.94%
01/29/2026
|
David Gruninger
Engel & Volkers Olde Naples
| |
|
05/13/2023
|
Loft
|
2 Bath
|
1200 ft²
|
$435,000
Loft
2 Bath
1200 ft²
|
-
-
|
Ben Zuk
Coldwell Banker Realty
| |
|
02/23/2022
|
2 Bed
|
2 Bath
|
1580 ft²
|
$499,000
2 Bed
2 Bath
1580 ft²
|
-
-
|
Beverly Hoffman Gallo, PA
Premiere Plus Realty Co.
| |
|
02/15/2019
|
3 Bed
|
2 Bath
|
1611 ft²
|
$349,000
3 Bed
2 Bath
1611 ft²
|
$325,000
-6.88%
04/08/2019
|
Beverly Hoffman Gallo, PA
|
Building Info
- 1 Unit for Sale
About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017