387 Grace Bay Lane
About This Property
The open-concept living area flows effortlessly into a chef-inspired kitchen-perfect for entertaining guests or enjoying quiet evenings at home. The private primary suite offers a serene retreat, complete with a spa-like bath designed for ultimate relaxation. A thoughtfully designed split-bedroom layout ensures comfort and privacy for both family and guests.
Enhancing the home's appeal are impact-resistant windows, smart home technology, a spacious tandem garage with flexible parking and storage options, and a convenient dedicated pool bath-delivering both peace of mind and everyday functionality. Newly added trees in the backyard will provide enhanced privacy and a lush, natural backdrop.
Nestled within an intimate, meticulously maintained community, residents enjoy a low-maintenance lifestyle paired with resort-style amenities, including a clubhouse, resort pool, pickleball, bocce, and inviting social spaces. Low quarterly HOA fees conveniently cover lawn care and irrigation.
Ideally located just minutes from Naples' renowned beaches, premier dining, upscale shopping, and Marco Island, this move-in-ready residence offers an exceptional blend of luxury, comfort, and coastal convenience.
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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 24, 2026 | Sold | ||
| Sold | |||
| May 29, 2026 | In contract | - | |
| In contract | |||
| May 8, 2026 | Price Decreased |
$760,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Apr 22, 2026 | Price Decreased |
$770,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Feb 27, 2026 | Price Decreased |
$780,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
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About Royal Fakapalm
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$7,500 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017