405 Grenada Avenue
About This Property
This residence blends timeless craftsmanship with modern convenience. Renovations in 2005 included new underground plumbing, drywall, and insulation. Added peace of mind comes from a new roof in 2018, new AC 2019, water heater 2022, as well as impact windows on the whole home.
The chef-inspired kitchen features handmade mahogany cabinetry, granite countertops, stainless-steel appliances, and an induction cooktop. A beamed ceiling and rich beech wood accents elevate the dining and living spaces.
Step outside to your private oasis with a screened pool deck perfect for lounging or entertaining, all set against the backdrop of the Marco River. Just minutes from Marco Island and Naples, Isles of Capri offers a rare blend of laid-back island charm, waterfront dining, and quick Gulf access at exceptional value.
Come experience the lifestyle that makes Isles of Capri one of Southwest Florida's best-kept secrets. Boat at dock is also for sale!!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 16, 2026 | Sold | ||
| Sold | |||
| Mar 18, 2026 | In contract | - | |
| In contract | |||
| Feb 26, 2026 | Price Decreased |
$1,000,000
↓ $100K
(9.1%) | |
| Price Decreased | |||
| Jan 30, 2026 | Price Decreased |
$1,100,000
↓ $100K
(8.3%) | |
| Price Decreased | |||
| Sep 29, 2025 | Listed by Sunrizon Realty | $1,200,000 | |
| Listed by Sunrizon Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017