5940 Cranbrook Way #A206
About This Property
Be impressed with the comfortable eat in Kitchen, boasting a New Refrigerator, Microwave and Garbage Disposal! Bright Sunny Soaring Ceilings in the Dining and Living Room + High End Luxury Vinyl flooring is featured in the Den (or 3rd bedrm), Dining Room, Living Room, Master Suite and the walk-in Closet! This Condo offers a Spacious Floor plan with "Top Notch" furnishings including a King Sized Bed, dresser + more in the Master Suite, + a Queen Sized Bedrm set in the 2nd Bedroom. The Lg Laundry room boats a New Maytag Washer + Dryer, the fully Tiled furnished Lanai, with storm shutters, overlooks 4th Fairway, and the A/C System is 2 years New! Wow! If you have a Buyer who wants it all + more in the Best Priced Bundled Golf+ Tennis Community in Naples, FL - Show them this Condo! Wow!
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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 |
|---|---|---|---|
| Jun 18, 2026 | Sold | ||
| Sold | |||
| Jun 1, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Price Decreased |
$269,000
↓ $6K
(2.2%) | |
| Price Decreased | |||
| Mar 9, 2026 | Price Decreased |
$275,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Jan 15, 2026 | Listed by Real Broker, LLC | $284,500 | |
| Listed by Real Broker, LLC | |||
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|
Welcome to Cranbrook Colony, one of Royal Wood's finest condo villages. This TOP FLOOR END UNIT WITH THREE BEDROOMS AND TWO BATHS PLUS ONE-CAR DETACHED GARAGE is perfectly priced and ready for you to move in and enjoy Florida living at its best. Upon entering, one will notice the vaulted ceilings and gorgeous natural wood- color vinyl plank flooring throughout. Additional highlights include a second window in the second bedroom and a window in the den, allowing extra light. Additional features include a walk-in primary bedroom closet, large laundry room with washer, dryer, and plenty of storage for your beach supplies. Roll-down storm shutters on your lanai provide peace of mind. Enjoy your morning coffee or your favorite beverage on your private screened-in lanai overlooking the golf course or meet your new neighbors at Cranbrook's pool, tennis courts w/pickleball lines, and bocce courts or bike or drive to the clubhouse to enjoy the restaurant, fitness center, pro-shop, library, fire pit, etc. Royal Wood offers an 18-hole championship golf course w/multiple tees, 2 practice areas & walk-on privileges. Golf memberships are immediate with no waitlist & 70 brand new golf carts add to the fun! Royal Wood has a very active racquet sports association and brand-new courts painted & ready for pickleball offering Men's, Women's and Mixed Doubles Tennis & Pickleball. Social activities include live music, happy hours, cards, trivia, bingo, cornhole games, golf scrambles, holiday dinner dances & more! Located just 6 miles from Naples' famous 5TH AVE South, 3RD ST South & beautiful Gulf beaches, Royal Wood is just a few short miles from Naples National Pickleball Center, Celebration "food truck" Park, Tin City, Sugden Regional Park, Naples Botanical Gardens, Physicians Regional Hospital & more. Take a 15-mile drive to beautiful Isles of Capri or Marco Island and enjoy your new hometown.
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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