3708 PEACE RIVER DRIVE
About This Property
Step inside and the home immediately feels light, open, and welcoming. Neutral tones, updated flooring, and thoughtful finishes create a clean, modern feel while still keeping the warmth of a true Florida home. The layout flows easily from room to room, offering flexible spaces that can work as bedrooms, guest rooms, or a comfortable home office with built-in shelving and natural light.
The kitchen opens toward the main living space and outdoor entertaining area, making it perfect for gatherings or quiet evenings at home. Sliding doors lead directly to the screened lanai where the real magic happens.
Outside, the pool and spa create a private resort-style setting. Surrounded by a large travertine deck and fully enclosed screen cage, the space offers room to relax, entertain, or simply enjoy the breeze off the water. The outdoor kitchen area adds another level of convenience for grilling and dining poolside.
Beyond the lanai, the backyard leads to your private dock and boat lift, providing quick and easy access to the river and beyond. Whether you're heading out for a day of fishing, cruising to waterfront restaurants, or simply enjoying a sunset ride, everything you need is right in your backyard.
The property also offers a nicely landscaped yard, mature palms, and a peaceful waterfront setting that feels tucked away while still being close to everything Southwest Florida has to offer.
If you've been looking for a true Florida waterfront lifestyle-pool, dock, open water views, and a home that's ready to enjoy-this one checks every box.
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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 |
|---|---|---|---|
| Jun 16, 2026 | Sold | ||
| Sold | |||
| May 19, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Price Decreased |
$899,000
↓ $100K
(10%) | |
| Price Decreased | |||
| Apr 11, 2026 | Price Decreased |
$999,000
↓ $100K
(9.1%) | |
| Price Decreased | |||
| Mar 9, 2026 | Listed by COLDWELL BANKER REALTY | $1,099,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017