5940 Cranbrook Way #A105
About This Property
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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.
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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 15, 2026 | Listed by John R Wood Properties | $314,000 | |
| Listed by John R Wood Properties | |||
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|
Wake up to golf-course views, step onto the screened lanai, and make the most of Naples just beyond your door. This extensively renovated first-floor residence in Cranbrook Colony at Royal Wood Golf & Country Club offers two bedrooms, two full baths, a flexible den, and a one car garage; all within an active, friendly community where golf, recreation, and an active social calendar are part of everyday life. The kitchen is a show stopping standout, with LED-lit translucent Cristallo Quartize countertops & backsplash. Renovated bathrooms, fresh paint, new appliances and fixtures, a new air-conditioning system, a new water heater, and extensive drywall updates make this home suitable for any buyer’s immediate enjoyment. It’s a welcoming place to settle in, entertain, or enjoy a seasonal escape, inside the only subdivision with a garage space for your golf cart, clubs and other toys. Bundled golf membership is included with purchase, with immediate membership and no waitlist. Enjoy an 18-hole course with multiple tee options, two practice areas, a driving net, walk-on privileges, and a fleet of 70 golf carts. Off-season reciprocal play adds another way to enjoy the game. Beyond golf, Royal Wood makes it easy to stay active and connected. Walk or bike to the clubhouse for the on-site restaurant, fitness center and classes, yoga room, pro shop, library, and fire pit. The active racquet sports association offers tennis and pickleball on newly updated courts, with men’s, women’s, and mixed doubles play. Live music, happy hours, cards, trivia, bingo, cornhole, golf scrambles, and holiday dinner dances keep the calendar full. Fifth Avenue South, Third Street South, the new Four Seasons and Naples’ Gulf beaches are about six miles away, with Tin City, Naples Botanical Garden, Sugden Regional Park, Celebration Park, the Bayshore Arts District, Physicians Regional Hospital, and the Naples National Pickleball Center also close by, with convenient access to Marco Island & the rest of Naples's hottest attractions. Come see how this updated home brings together golf, community, and the Naples lifestyle.
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| Apr 1, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 14, 2026 | Price Decreased |
$239,000
↓ $8K
(3.2%) | |
| Price Decreased | |||
| Feb 28, 2026 | Price Decreased |
$247,000
↓ $2K
(0.8%) | |
| Price Decreased | |||
| Feb 27, 2026 | Price Decreased |
$249,000
↓ $10K
(3.9%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/15/2026
|
2 Bed
|
2 Bath
|
1318 ft²
|
$284,500
2 Bed
2 Bath
1318 ft²
|
$255,000
-10.37%
06/18/2026
|
Stephanie Rubino
Amerivest Realty
| |
|
01/31/2025
|
2 Bed
|
2 Bath
|
1318 ft²
|
$319,900
2 Bed
2 Bath
1318 ft²
|
-
-
|
Queenie Ritchie-Prete, PA
Realty World Top Producers Rlt
| |
|
12/10/2024
|
2 Bed
|
2 Bath
|
1318 ft²
|
$337,000
2 Bed
2 Bath
1318 ft²
|
-
-
|
Stephen Hachey
Flat Fee MLS Realty
| |
|
03/25/2024
|
2 Bed
|
2 Bath
|
1318 ft²
|
$330,000
2 Bed
2 Bath
1318 ft²
|
$290,000
-12.12%
12/13/2024
|
anne Juliano
Royal Shell Real Estate, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017