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Estero 33928
3940 Spring Garden Lane
Photo of 3940 Spring Garden Lane
Sold on May 26, 2026

32

Map

Photo of 3940 Spring Garden Lane
Photo of 3940 Spring Garden Lane
$454,000
● House - Off Market

3940 Spring Garden Lane

Estero, FL 33928
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,689 Ft²
$2,897
Est. Monthly
$380
HOA / Fees
5.52%
Cap Rate

About This Property

BEAUTIFLLY UPGRADED HOME IN FOUNTAIN LAKES! THIS HOME IS SITUATED ON ONE OF THE MOST DESIRABLE STREETS IN THE COMMUNITY!! SOME OF THE FEATURES INCLUDE A NEW ROOF (INSTALLED 1 YEAR AGO) UPGRADED KITCHEN AND BATHROOMS, TASTEFULLY DONE PLANK TILE FLOORING, 3 BEDROOMS AND 2 BATHS, BEAUTIFULLY FURNISHED, UPGRADED DOUBLE DOOR ENTRY WITH TRANSOM WINDOW (BOTH IMPACT GLASS) LOW ASSOCIATION FEES THAT INCLUDE 9 HOLE PAR 3 GOLF, PICKLEBALL, TENNIS, COMMUNITY AND MORE. FOUNTAIN LAKES IS IN A PRIME LOCATION IN ESTERO ACROSS FROM COCONUT POINT SHOPPING CENTER AND RESTAURANTS. EASY TO SHOW!!!
Unit Size
1,689 Ft²
Days on Market
458 days
Land Size
0.19 acres
Price per sqft
$284
Property Type
House
Property Taxes
$160
HOA Dues
$380
Year Built
1994

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 5 months ago ( #225016636)

Price History

Date / Event Date Event Price
May 26, 2026 Sold
Premium
Sold
Apr 19, 2026 In contract -
In contract
Feb 14, 2026 Price Decreased $479,900
↓ $20K (4%)
Price Decreased
Aug 13, 2025 Price Decreased $499,900
↓ $35K (6.5%)
Price Decreased
May 10, 2025 Price Decreased $534,900
↓ $25K (4.5%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 474
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,320
  • Total Building Area: 2,498
  • Gross Building Area: 2,498
  • Building Area: 1,989
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,989
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOUNTAIN LAKES
  • Land Acres: 0000000191
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: 001
  • Legal Description 1: FOUNTAIN LAKES TR K BLK 1 PB 43 PG 32 LOT 17

Neighborhood

  • School District Name: Lee County School District
  • Census Tract: 050320

Zoning

  • Zoning: RM-2

Geography

  • Assessors Map Reference: 23-4
  • Account Number: 10276937
  • Subdivision Tract Number: K
  • Parcel: 04-47-25-E1-05001.0170
  • Block: 1
  • Lot: 17
  • Meridian: SEC 04 TWN 47S RNG 25E
  • Municipality: VILLAGE OF ESTERO ESTERO FIR
  • Latitude: 26.418
  • Longitude: -81.8197

    Address

  • Full Address: 3940 Spring Garden Ln
  • Address - House Number: 3940
  • Address - Street Name: Spring Garden
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Estero
  • Carrier Code: R002
  • 4-Digit Zip Code: 2394
  • Zip Code: 33928

Valuation

    Tax

  • Total Area: 1,976
  • Tax Year: 2023
  • Tax Amount: $184,696
  • Tax Rate Code Area: 316

    Appraisal Valuation

  • Standard Deviation: 0.195
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 74
  • Final Value: 538,621
  • High Value: 643,690
  • Low Value: 433,552

    Market Valuation

  • Market Total Value: $367,044
  • Market Land Value: $173,049
  • Market Improvement Value: $193,995

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $157,177

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 11, 1994
  • Current Sale Recording Date: May 13, 1994
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Estero

Stats & Trends

Median Asking:

$485,000

Sale Price/ft²

$274

Below Asking

0.03%

Average Days on Market

97

Average Home Size

1916 ft²

Average Home Age

21.3 years

Currently For Sale

334 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 20151 Ian Court, Estero, FL, 33928

$3,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,429 ft²
20151 Ian Court #201, Estero, FL, 33928 Listing by Kevin Shelly
Unit for rent at 23611 Alamanda Drive, Estero, FL, 34135

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,440 ft²
23611 Alamanda Drive #202, Estero, FL, 34135 Listing by Stanley Whitcomb, III
Unit for rent at 8524 Via Lungomare Circle, Estero, FL, 33928

$3,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,612 ft²
8524 Via Lungomare Circle #201, Estero, FL, 33928 Listing by Kevin Fischer

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 3940 Spring Garden Lane built and last sold?
The property at 3940 Spring Garden Lane was built in 1994 and last sold on May 11, 1994 for $134,900.
How much is this home worth?
The estimated value of the home located at 3940 Spring Garden Lane is $0.
What are some comparable homes to 3940 Spring Garden Lane?
There are currently no comparable homes to 3940 Spring Garden Lane.
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