500 Diamond Circle #503
About This Property
New roof (2023), exterior paint (2023), new impact glass windows (2023), updated electric storm shutters (2024), newer high-end carpet, HVAC system (2020), and water heater (2020) ensure peace of mind and energy efficiency.
Beyond the home's recent updates and open floor plan, Diamond Lakes offers an unbeatable location. Close to shopping, freeway access, restaurants, medical care, Vanderbilt Beach, Mercato, and Delnor Wiggins State Park.
If you prefer to stay in, take advantage of the amenities Diamond Lake offers, including a community pool, clubhouse, bocce, and walking paths.
All the expensive investment updates have already been done to keep HOA fees and insurance rates down. Property is meticulously maintained, but also offers the opportunity to update later to your own style choices and decorate to make it your own.
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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 |
|---|---|---|---|
| Jan 6, 2026 | Sold | ||
| Sold | |||
| Dec 4, 2025 | In contract | - | |
| In contract | |||
| Sep 26, 2025 | Price Decreased |
$395,000
↓ $15K
(3.7%) | |
| Price Decreased | |||
| Jun 26, 2025 | Price Decreased |
$410,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Apr 30, 2025 | Price Decreased |
$420,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/10/2025
|
3 Bed
|
2 Bath
|
1641 ft²
|
$425,000
3 Bed
2 Bath
1641 ft²
|
$360,000
-15.29%
01/06/2026
|
Michelle Nowak, LLC
Royal Shell Real Estate, Inc.
| |
|
02/11/2019
|
3 Bed
|
2 Bath
|
1680 ft²
|
$294,700
3 Bed
2 Bath
1680 ft²
|
-
-
|
-
| |
|
09/05/2018
|
3 Bed
|
2 Bath
|
1811 ft²
|
-
3 Bed
2 Bath
1811 ft²
|
-
-
|
Heather Wightman
Naples TBI Realty LLC
| |
|
09/17/2013
|
3 Bed
|
2 Bath
|
1683 ft²
|
$225,000
3 Bed
2 Bath
1683 ft²
|
$200,000
-11.11%
11/05/2013
|
Mindy Young
John R Wood Properties
|
Building Info
About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017