43
Map
479 Lagoon Drive
About This Property
Listed By
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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 |
|---|---|---|---|
| Nov 1, 2026 | Listed by John R. Wood Properties | $1,875,000 | |
| Listed by John R. Wood Properties | |||
| Jul 3, 2026 | No longer available | - | |
| No longer available | |||
| Jul 1, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jan 2, 2026 | Listed by John R. Wood Properties | $1,950,000 | |
| Listed by John R. Wood Properties | |||
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Right out of Architectural Digest, this is the only residence on Sanibel Island designed by renowned architect Bruce Gora.Every photograph captures the home using solely the abundant natural light that fills its spaces. Meticulously built and recentlytransformed with countless upgrades, this home boasts an array of luxurious details. Highlights include a stunning gourmet kitchen outfittedwith brushed leather granite countertops, custom Thomas Mix cabinetry, premium GE Profile appliances, a Cafe' Smart induction cooktop,and rich hickory and bamboo flooring. The addition of a resort-style heated pool creates and outdoor oasis tailored for the ultimaterelaxation. Multi-level balconies offer seamless connections to breathtaking water views, evoking the sensation of being on a luxury cruiseship. For boating enthusiasts, step out to your private dock--perfect for a day of fishing or watching a spectacular Sanibel sunset. Just onehome away lies a private deeded boardwalk leading directly to the powdery white-sand beaches that earn Sanibel its reputation as theshelling capital of the world. Enjoy the tranquility of the quiet East End, with convenient access on and off the island, plus and easy walk tonearby shops and restaurants.
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| Jul 5, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017