409 Cypress Way E
About This Property
This elegant 4-bedroom, 3-bathroom home spans 2,777 square feet and boasts contemporary finishes with modern updates. The open floor plan includes a separate office and features new plumbing, electrical wiring, and interior walls. Designer touches such as custom Lutron lighting, remote sunshades, and Italian Santa Margherita Grigio Nube Quartz countertops elevate the space. High-end appliances, an induction cooktop, and soft-close cabinets enhance the gourmet kitchen.
Enjoy the luxury of impact windows, a new metal roof, and a high-efficiency GE washer/dryer. The Western exposure fills the home with natural light and stunning sunset views. The expansive 14,374-square-foot estate sized lot offers a private oasis with a new paver patio, electric pool heater, and lush St. Augustine sod. Relax by the private pool or explore nearby white sand beaches and vibrant Mercato for shopping and dining. This pet-suitable fully fenced haven includes an attached garage, central AC and heating, and ample parking. Experience the ultimate in privacy and elegance.
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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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| May 25, 2025 | In contract | - | |
| In contract | |||
| Dec 25, 2024 | Relisted | $1,080,000 | |
| Relisted | |||
| Nov 30, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Nov 7, 2024 | Listed by Compass Florida LLC | $1,080,000 | |
| Listed by Compass Florida LLC | |||
Property Highlights
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About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017