3801 Springside Drive
About This Property
At the heart of the home, the kitchen is designed for both everyday living and entertaining, featuring crisp white cabinetry, granite countertops, stainless steel appliances, and a generous center island with seating. Ceramic tile flooring flows throughout the main living areas, creating a clean, cohesive look that's both stylish and easy to maintain.
The air-conditioned Florida room, currently used as an office, offers flexible space for a den, sitting room, or quiet retreat overlooking the water and preserve. Step outside to the screened lanai, where coveted southern exposure provides sunshine throughout the day and the perfect setting for outdoor dining or relaxing with friends.
Enjoy peace of mind with major updates already completed, including a newer roof (2019) and brand-new HVAC system (2026). Located in Flood Zone X500, the property also offers added confidence when it comes to insurance and long-term ownership.
Residents of Fountain Lakes enjoy an exceptional amenity package with low HOA fees, including a 9-hole par-3 golf course with no greens fees, tennis and pickleball courts, bocce, shuffleboard, a community pool, fitness center, clubhouse, library, billiards room, playground, picnic areas, and a vibrant social calendar. Just minutes from Coconut Point Mall, Gulf beaches, dining, shopping, and Southwest Florida International Airport, this home offers the convenience, lifestyle, and value that make Fountain Lakes one of Estero's most desirable communities.
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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 |
|---|---|---|---|
| Jul 20, 2026 | Price Decreased |
$539,000
↓ $20K
(3.6%) | |
| Price Decreased | |||
| Jun 26, 2026 | Listed by Compass Florida LLC | $559,000 | |
| Listed by Compass Florida LLC | |||
| Jul 11, 2025 | No longer available | - | |
| No longer available | |||
| Apr 7, 2025 | Relisted | $575,000 | |
| Relisted | |||
| Mar 28, 2025 | In contract | - | |
| In contract | |||
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About Estero
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017