3654 Stone Way
About This Property
white wood shaker cabinets in the kitchen and bathrooms, high-end white granite countertops,
stainless steel appliances, and luxury vinyl floors, the sellers pulled out all stops with this
beauty. The back lanai is enclosed with a 12 foot glass slider (can be a third bedroom when
necessary), and full patio that overlooks a quiet preserve area. It is within walking distance of
the heated community pool, pickleball and tennis courts, nine hole par three golf course, bocce
ball, fitness center, library/card room and clubhouse as well as other amenities. New central air
in 2019, new roof, gutters and solar tube in 2023. Doors and windows have accordion-style
shutters and flood insurance is not required. Low HOA fees. Fountain Lakes is located in Estero
and offers easy access to Fort Myers, Bonita Springs and Naples. It is conveniently located
directly across from Coconut Point Mall and just 15 minutes from some of the area's most
stunning beaches. It is just a short drive to RSW International Airport, Miromar outlets, Hertz
Arena, fine dining, and some of the area's best shopping.
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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 |
|---|---|---|---|---|---|---|---|
|
02/05/2025
| |
2 Bed
|
2 Bath
|
1115 ft²
|
$357,000
2 Bed
2 Bath
1115 ft²
|
$323,000
-9.52%
05/30/2025
|
Sean F. Lorch
Downing Frye Realty Inc.
|
|
01/29/2024
| |
Loft
|
2 Bath
|
1115 ft²
|
$429,900
Loft
2 Bath
1115 ft²
|
-
-
|
Sean F. Lorch
Downing Frye Realty Inc.
|
Building Info
About Estero
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017