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505 THOMPSON AVENUE
About This Property
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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%.
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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 |
|---|---|---|---|
| Sep 21, 2026 | Sold | ||
| Sold | |||
| Aug 15, 2026 | In contract | - | |
| In contract | |||
| Aug 7, 2026 | Price Decreased |
$425,000
↓ $20K
(4.5%) | |
| Price Decreased | |||
| Aug 1, 2026 | Listed by LOCAL REAL ESTATE LLC | $445,000 | |
| Listed by LOCAL REAL ESTATE LLC | |||
| Jul 2, 2026 | Listed by Local Real Estate LLC | $445,000 | |
| Listed by Local Real Estate LLC | |||
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Welcome home to your own private Florida retreat! Perfectly situated on a spacious half-acre lot with no HOA, this beautifully renovated home offers the ideal combination of luxury, comfort, and outdoor living. Whether you're entertaining guests or enjoying a quiet evening by the pool, this property is designed to make every day feel like a vacation.
Step inside to an open and inviting floor plan featuring a spacious great room, separate family room, and formal dining area that provide plenty of space for both everyday living and entertaining. The heart of the home is a chef-inspired kitchen complete with granite countertops, custom real wood cabinetry, professional-grade appliances, double ovens, an on-demand hot water faucet, and a large breakfast bar perfect for gathering with family and friends.
The luxurious primary suite is a peaceful retreat with pocketing glass sliders that open directly to the screened lanai and sparkling saltwater pool. A custom walk-in closet with built-in organization and a spa-inspired ensuite bath featuring a soaking tub and oversized walk-in shower with dual full-body shower panels create the perfect place to unwind.
Outdoor living truly sets this home apart. Enjoy your private screened lanai with a sparkling saltwater pool, expansive covered seating area, sun deck, outdoor shower, and convenient pool bath—ideal for year-round Florida living. The oversized backyard offers plenty of room to relax, play, garden, or store your outdoor toys, while a storage shed provides additional functionality.
This move-in-ready home has been thoughtfully updated with a new roof, new A/C, reverse osmosis water filtration system, one-person sauna, new skylight, luxury flooring throughout (no carpet), beautifully renovated bathrooms with custom vanities and upgraded shower systems, custom woodwork, built-in laundry storage, upgraded sinks, and an extended driveway.
With exceptional craftsmanship, extensive upgrades, and resort-style amenities, this home delivers a rare opportunity to enjoy luxury living with the privacy and freedom of a half-acre property—all in a convenient Lehigh Acres location.
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About Joel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017