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3697 Sapphire Cove Circle
About This Property
The 3-car garage is oversized and practical, featuring a high-voltage EV charging outlet and ample storage for vehicles, toys, and gear. Built in 2023 with concrete block construction, a flat tile roof, and full hurricane impact doors and windows throughout. Sapphire Cove residents enjoy a clubhouse, fitness center, resort-style community pool, and scenic walking and jogging paths - all with low HOA fees that make the lifestyle both practical and enjoyable. Located just 20 minutes from Naples' world-renowned white-sand beaches, and minutes from Publix, Walmart, the new Costco, top-rated schools, sports complexes, hospitals, and easy I-75 access, the location delivers everything Naples has to offer - from Fifth Avenue dining and shopping to championship golf, boating, arts.
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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 |
|---|---|---|---|
| Jun 30, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Listed by Compass Florida LLC | $1,140,000 | |
| Listed by Compass Florida LLC | |||
| Mar 23, 2026 | No longer available | - | |
| No longer available | |||
| Feb 16, 2026 | Price Decreased |
$1,150,000
↓ $49K
(4.1%) | |
| Price Decreased | |||
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About Royal Fakapalm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017