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3721 Sapphire Cove Circle
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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 |
|---|---|---|---|
| Oct 10, 2026 | Price Decreased |
$1,395,000
↓ $70K
(4.8%) | |
| Price Decreased | |||
| Mar 31, 2026 | Listed by William Raveis Real Estate | $1,465,000 | |
| Listed by William Raveis Real Estate | |||
| Dec 27, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 27, 2025 | Price Decreased |
$1,595,000
↓ $30K
(1.9%) | |
| Price Decreased | |||
| May 22, 2025 | Listed by Premiere Plus Realty Company | $1,625,000 | |
| Listed by Premiere Plus Realty Company | |||
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Discover the ultimate in luxury living with this exceptional custom-built residence, a true hidden gem in the prestigious Sapphire Cove community. Thoughtfully designed with every premium upgrade the builder had to offer, this home effortlessly combines elegance, comfort, and cutting-edge design.
Step inside to find a spacious open floor plan featuring 3 bedrooms and 3.5 designer bathrooms, complemented by soaring 12-foot ceilings and expansive 10-foot pocketing sliding glass doors that blur the lines between indoor and outdoor living. Natural light floods the interiors, showcasing meticulous craftsmanship and bespoke finishes throughout.
Enjoy breathtaking lake views from your private pool and spa, or entertain in style with a resort-inspired outdoor kitchen, complete with glowing quartzite countertops and built-in features designed for elevated alfresco living.
Inside, no detail has been overlooked, from the chef’s kitchen outfitted with Wolf and Sub-Zero appliances, to custom cabinetry, designer lighting, and integrated speakers that bring ambiance to every room.
The climate-controlled 3-car garage offers generous space for your luxury car collection, hobbies, or storage—designed with the same attention to detail as the rest of the home.
This residence is a masterclass in sophistication and craftsmanship. A must-see for discerning buyers seeking timeless elegance and contemporary luxury in one of Naples' most sought-after communities.
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About Royal Fakapalm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017