597 Ridge Drive
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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 |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Dec 3, 2024 | In contract | - | |
| In contract | |||
| Mar 22, 2024 | Listed by Premier Sotheby's Int'l Realty | $9,395,000 | |
| Listed by Premier Sotheby's Int'l Realty | |||
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In Pine Ridge Estates Bonura Custom Homes, celebrated for its hospitality and custom craftsmanship, presents an elegant residence in collaboration with Clive Daniel Home. This testament to luxury and functionality caters to refined aesthetics. The estate is designed with the discerning homeowner in mind, featuring a chef's kitchen that caters to culinary exploration and a hidden butler's kitchen for seamless entertainment. The heart of the home is accentuated by a striking floor-to-ceiling glass wine room, merging form with function and serving as a focal point for gatherings. The outdoor area features a resort-style pool, spa and kitchen in lush surroundings. Enhanced by city water. A luxurious two-story guest house with a two-car private garage and elevator highlights Bonura's dedication to indulgent spaces and bespoke quality, ensuring guest privacy and comfort. This home is more than just a living space, it's a haven of sophistication and tranquility. It offers a unique chance to embrace a lifestyle defined by luxury, comfort and impeccable design in one of Florida's most sought-after communities. Close to beaches, 5th Avenue, Artis Naples, nightlife and shopping.
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| Dec 19, 2022 | Sold | ||
| Sold | |||
| May 13, 2022 | Listed by ERA Naples Realty Services | $2,395,000 | |
| Listed by ERA Naples Realty Services | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017