518 MONACO DRIVE
About This Property
Designed for both elegance and comfort, the open split-bedroom floor plan features vaulted ceilings, skylights, and pocket sliders that seamlessly blend indoor and outdoor living. Recent updates include a new roof (2023), newer appliances, and fresh interior and exterior paint. A stamped concrete circular driveway provides ample parking and easy access, while the welcoming front porch with French doors and etched glass adds timeless curb appeal.
The oversized primary suite offers a private retreat with tray ceilings, dual walk-in closets, and a spa-inspired bath featuring dual vanities, a walk-in shower, soaking tub, and private water closet. Guest accommodations include two bedrooms and a shared bath with convenient pool access.
You'll love spending time outdoors with a covered lanai, heated pool and spa, and a 45-ft concrete dock equipped with electric and water, plus a 10,000 lb boat lift providing direct access to Charlotte Harbor and the Gulf via Alligator Creek (sailboat water). For added peace of mind, the home includes electric roll-down, accordion, and panel shutters for full storm protection.
Ideally located near I-75, Punta Gorda Airport, historic downtown Punta Gorda, Fishermen's Village, and the Yacht Club. Optional membership is available at Twin Isles Golf & Country Club, featuring an 18-hole championship golf course, tennis courts, swimming pool, and a vibrant clubhouse with indoor and outdoor dining plus numerous social activities. Nearby attractions include PicklePlex with 24 pickleball courts, fine dining, and boutique shopping. There's always something happening-from international art exhibits to weekly farmers markets, music festivals, and holiday celebrations. It's truly a lifestyle like no other.
Easy to show-schedule your appointment today and don't miss the virtual and 3D tours!
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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 |
|---|---|---|---|
| Apr 7, 2026 | Sold | ||
| Sold | |||
| Feb 17, 2026 | In contract | - | |
| In contract | |||
| Jan 29, 2026 | Price Decreased |
$850,000
↓ $15K
(1.7%) | |
| Price Decreased | |||
| Jan 16, 2026 | Price Decreased |
$865,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Nov 20, 2025 | Price Decreased |
$875,000
↓ $25K
(2.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017