4937 Royal Palm Drive
About This Property
Located in the sought-after ESTERO RIVER HEIGHTS community where residents enjoy exclusive access to a PRIVATE BOAT RAMP AND DOCK with direct Gulf of America access via the scenic Estero River and Bay. (Optional, low membership of just $250/year) Residents enjoy additional OUTDOOR activities STEPS AWAY hiking at the Estero Bay Preserve State Park Trail along with access to a community park featuring picnic areas and play spaces.
Step into this bright & beautifully renovated home, where modern upgrades meet coastal cottage charm. Featuring NEW custom white shaker cabinets, NEW stunning white quartz
countertops finished with NEW stainless steel appliances. The primary en-suite boasts a NEWly remodeled full bath featuring a modern full tile walk in-spacious walker shower with a relaxing rainhead shower enclosure with beautiful decorative tile floor. The NEW tile wood-look flooring flows seamlessly throughout the main spaces - NO CARPET! Enjoy the Florida lifestyle year-round in the massive screened-in lanai, accented with a rich wood plank ceiling and completed with multiple ceiling fans-perfect for cool, relaxed entertaining. The oversized yard with funtional decorative storage shed offers plenty of space for a future pool, making this home ideal for outdoor living. The home also features a 280 foot deep well with a full water filtration system located in the backyard storage building. With ample room for boat storage, this home is truly a boater's dream! Location, location, location! Perfectly located just minutes from Coconut Point, Miromar Outlets, RSW Airport, FGCU, Hertz Arena, Fort Myers Beach, and Bonita Beach -- you're right in the center of everything! AT AN ENTRY LEVEL PRICE POINT - NOW - IS THE TIME TO CAPTURE THIS HIDDEN GEM IN A RARE BOATING COMMUNITY!
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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 |
|---|---|---|---|
| May 12, 2026 | Sold | ||
| Sold | |||
| Apr 23, 2026 | In contract | - | |
| In contract | |||
| Apr 16, 2026 | Listed by Marzucco Real Estate | $399,000 | |
| Listed by Marzucco Real Estate | |||
| Feb 20, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 21, 2026 | Price Decreased |
$459,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
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About Estero
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017