6502 Monterey Point #204
About This Property
The kitchen and baths have been beautifully transformed with freshly painted white cabinetry, new quartz countertops, marble backsplash, sinks, and faucets. The primary bath features an updated shower (2024), resurfaced bathtubs, and three new toilets (2023). New Hunter Douglas soft shades replace blinds in every room, and all bedrooms and the den feature new ceiling fans. New High-quality carpet graces the stairs, bedrooms, and den, while the laundry room has been enhanced with cabinets in place of wire shelving. Major updates include a new AC system with humidity control, a full suite of new appliances (2023–2024), and accordion hurricane shutters for nearly every window and lanai.
Beyond the home, Marbella Lakes offers an unparalleled lifestyle. The 8,000 sq. ft. lifestyle center includes an indoor sports complex, fitness center, billiards and game room, social hall, and resort-style pool and spa with an oversized sundeck. Residents also enjoy tennis and pickleball courts, along with a full-time social director who organizes events and activities year-round. With onsite management, vibrant community life, and top-notch amenities, Marbella Lakes is the perfect place to call home-whether for families, couples, or singles seeking an active Naples lifestyle.
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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 |
|---|---|---|---|
| Feb 10, 2026 | Sold | ||
| Sold | |||
| Dec 19, 2025 | In contract | - | |
| In contract | |||
| Nov 10, 2025 | Price Decreased |
$625,000
↓ $24K
(3.7%) | |
| Price Decreased | |||
| Sep 12, 2025 | Listed by Realty One Group MVP | $649,000 | |
| Listed by Realty One Group MVP | |||
| Jun 11, 2023 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/01/2025
|
3 Bed
|
2 Bath
|
2143 ft²
|
$500,000
3 Bed
2 Bath
2143 ft²
|
$474,500
-5.10%
02/26/2026
|
Tade Bua-Bell, LLC
John R Wood Properties
| |
|
09/12/2025
|
3 Bed
|
2 Bath
|
2288 ft²
|
$649,000
3 Bed
2 Bath
2288 ft²
|
$585,000
-9.86%
02/10/2026
|
Paul Gerber
MVP Realty Associates LLC
| |
|
12/12/2024
|
3 Bed
|
2 Bath
|
2143 ft²
|
$550,000
3 Bed
2 Bath
2143 ft²
|
-
-
|
Emily Bua
John R Wood Properties
| |
|
05/30/2024
|
2 Bed
|
2 Bath
|
1534 ft²
|
$469,000
2 Bed
2 Bath
1534 ft²
|
$413,000
-11.94%
04/17/2025
|
Dino Lauricella
Sun Realty
| |
|
03/30/2023
|
3 Bed
|
2.5 Bath
|
2288 ft²
|
$549,500
3 Bed
2.5 Bath
2288 ft²
|
-
-
|
Moe Mossa
Savvy Avenue LLC
| |
|
03/15/2019
|
2 Bed
|
2 Bath
|
1534 ft²
|
$257,000
2 Bed
2 Bath
1534 ft²
|
$230,000
-10.51%
05/21/2019
|
Lesley A Garlock
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017