3818 Whidbey Way
About This Property
Rare opportunity to buy into Island Walk at a price point that rarely hits the market. This 3 Bedroom + Den, 2 Bath home, just under 2,000 sqft, is priced aggressively at $725,000 while recent neighborhood sales have been closing in the $800,000 range, creating instant upside for the right buyer. Enjoy the highly desirable southern exposure, with peaceful bridge and water views that flood the home with natural light all day and deliver beautiful sunset scenery in the evenings, plus the peace of mind that comes with a newer roof (installed in April 2021). Located just steps from Island Walk's resort-style amenities, including pools, clubhouse, fitness center, tennis, pickleball, bocce, walking paths, and on-site dining, this home offers both lifestyle and location that are nearly impossible to duplicate at this price. With strong bones, a flexible 3+Den floor plan, and massive potential to personalize or lightly update, this is one of those rare chances to secure value in one of Naples' most sought-after gated communities. Homes like this at this price do not last, and once it's gone, it's gone.
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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 |
|---|---|---|---|
| Mar 17, 2026 | In contract | - | |
| In contract | |||
| Mar 16, 2026 | Relisted | $725,000 | |
| Relisted | |||
| Mar 10, 2026 | Sold | ||
| Sold | |||
| Feb 27, 2026 | In contract | - | |
| In contract | |||
| Feb 14, 2026 | Listed by Real Broker, LLC | $725,000 | |
| Listed by Real Broker, LLC | |||
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About Urban Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017