4811 Palmetto Terrace
About This Property
Outside, the allure of this home continues with its sparkling pool, beckoning you to unwind and soak up the Florida sunshine. The pool's newer pump (2023) ensures efficiency and tranquility, while the newly installed roof (2024) and hot water heater (2023), updated electrical panels, outlets and switches (2023) and newer pex plumbing (2023) offer peace of mind and comfort knowing there's nothing left to do but move right in!!
Conveniently located in the heart of Estero, this home strikes the perfect balance between tranquility and accessibility. Whether you're seeking a serene retreat or a vibrant lifestyle, this newly renovated gem promises to exceed your expectations at every turn." Estero River Heights is a private boating community with a boat ramp to the Estero River & short boat ride to the Gulf. Non-gated, voluntary HOA with no restrictions & 5-acre community park, boat dock & ramp. Close to Estero Bay Preserve State Park, Coconut Pointe Mall, beaches, restaurants, shopping & RSW Airport. Would also make a great Airbnb!!
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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 |
|---|---|---|---|
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Sep 20, 2024 | In contract | - | |
| In contract | |||
| Sep 14, 2024 | Price Decreased |
$529,900
↓ $5K
(1%) | |
| Price Decreased | |||
| Aug 27, 2024 | Price Decreased |
$535,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Aug 20, 2024 | Price Decreased |
$545,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
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About Estero
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017