49
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518 Cormorant Cove
About This Property
The listed recurring fees include a Social Membership with some golf privileges. You also have the option to upgrade to a Golf in Waiting membership, which allows year-round golf access and costs much less than a full Golf Equity membership with few restrictions.
The expanded, open floor plan seamlessly connects indoor and outdoor living. South-facing views flood the home with natural light, enhanced by the tri-pocket sliding glass doors that open to the spacious patio – perfect for entertaining or relaxing. There's ample space to add a private pool, creating your own backyard oasis.
Inside, you'll find a gourmet kitchen featuring new granite countertops, stainless steel appliances, and a convenient seating area with water views. The home boasts 3 bedrooms and 2.5 baths, including an oversized master suite with vaulted ceilings, a stunning lakefront view, two walk-in closets, and a luxurious en-suite bathroom with dual sinks, a separate spa bathtub, and a walk-in shower. The two guest bedrooms provide comfort and privacy, with ample closet space.
This home is located within Eagle Creek, one of Naples' most desirable gated enclaves, offering 24-hour security for ultimate peace of mind. Renowned for its meticulously designed Larry Packard golf course and lush 300-acre setting, Eagle Creek provides a rare low-density environment where lasting friendships flourish. Residents enjoy a vibrant, resort-style lifestyle with exceptional amenities, including a newly upgraded golf course, active pickleball, tennis, and bocce programs. The fitness center, community pool, and a casual restaurant are all within easy walking distance, and a formal dining experience awaits near the golf clubhouse. Plus, you're just minutes away from the beaches, shopping, dining, and galleries of Marco Island and downtown Naples. Experience unparalleled convenience and a strong sense of community in this prestigious Naples location.
A turn-key, fully furnished option is available, making your move effortless. Don't miss this opportunity to own a piece of paradise!
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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 14, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Relisted | $499,000 | |
| Relisted | |||
| Jul 28, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Price Decreased |
$499,000
↓ $50K
(9.1%) | |
| Price Decreased | |||
| Mar 5, 2026 | Price Decreased |
$549,000
↓ $16K
(2.8%) | |
| Price Decreased | |||
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About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017