511 98th Avenue N
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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 |
|---|---|---|---|
| Apr 28, 2025 | Sold | ||
| Sold | |||
| Apr 8, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Listed by Realty One Group MVP | $1,249,000 | |
| Listed by Realty One Group MVP | |||
| Feb 8, 2024 | Listed by Realty One Group MVP | $1,550,000 | |
| Listed by Realty One Group MVP | |||
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Rarely available, this expansive ranch-style home in Naples Park sits on a coveted double-lot just three doors in from Vanderbilt Drive. Boasting 2,939 square feet of living space, this renovated residence features a spacious private screened lanai overlooking a large heated pool and a charming fish pond. With four bedrooms and two additional flexible spaces, which can serve as offices, extra sleeping areas, exercise rooms, or workshops, there's ample room to customize to your needs. The property includes two beautifully appointed kitchens, making it ideal for extended family, guests, or accommodating large vacation rental groups. Nestled in North Naples, this prime location is just 0.9 miles via sidewalk from the renowned Vanderbilt Beach and within 1.5 miles of Whole Foods, Trader Joe's, Publix, and Mercato's exceptional dining and shopping options. This property is priced to sell quickly and must be seen to be fully understood and appreciated.
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| Oct 21, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017