531 Spring Line Drive
About This Property
With a desirable northeast rear exposure, the property is ideally positioned to capture the morning sun and provide refreshing afternoon shade, perfect for enjoying outdoor living year-round. Surrounded by elegant homes and mature landscaping, this location offers a tranquil and upscale setting while being just moments away from Naples' world-class dining, shopping, and entertainment options.
As part of the Moorings, future owners have the option to join the private Moorings Beach Park, granting exclusive access to pristine Gulf beaches.
This blank canvas is ready for your vision-don't miss the chance to create your custom oasis in the heart of Naples!
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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 |
|---|---|---|---|
| Apr 21, 2025 | Sold | ||
| Sold | |||
| Apr 12, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Price Decreased |
$2,495,000
↓ $155K
(5.9%) | |
| Price Decreased | |||
| Mar 19, 2025 | Price Decreased |
$2,650,000
↓ $149K
(5.3%) | |
| Price Decreased | |||
| Feb 11, 2025 | Price Decreased |
$2,799,000
↓ $501K
(15.2%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017