716 Shadow Lake Lane
About This Property
The chef's kitchen showcases quartzite countertops, a large center island with breakfast bar, refrigerator drawers, dishwasher, and additional storage. The white shaker cabinetry, recessed and under-cabinet lighting, and premium stainless steel appliances complete the space while rich hardwood flooring flows through the main living spaces
Retreat to the private backyard with a heated pool and spa, covered lanai, pool bath, and beautifully landscaped surroundings. A paved walkway and manicured hedges enhance the home's curb appeal.
Additional highlights include a two-car garage with epoxy flooring and built-in cabinetry, a spacious laundry room, and quality finishes throughout.
Pelican Bay residents enjoy an exceptional lifestyle with three miles of private beach, two beachfront restaurants, fitness and wellness facilities, tennis centers, and access to kayaking and sailing. Club Pelican Bay offers 27 holes of championship golf, with separate membership available.
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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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Aug 21, 2025 | Listed by John R Wood Properties | $3,450,000 | |
| Listed by John R Wood Properties | |||
| Jun 1, 2025 | No longer available | - | |
| No longer available | |||
| Mar 15, 2025 | Price Decreased |
$3,450,000
↓ $300K
(8%) | |
| Price Decreased | |||
| Nov 20, 2024 | Listed by Premier Sotheby's Int'l Realty | $3,750,000 | |
| Listed by Premier Sotheby's Int'l Realty | |||
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This expertly remastered four-bedroom residence in Pelican Bay is like no other. Fully remodeled with no details overlooked, this property is ready for you to move right in. The open floorplan flows effortlessly, enhanced by soaring volume ceilings adorned with elegant crown molding, tray ceilings and custom woodwork. The spectacular kitchen is a masterpiece, highlighting quartzite countertops and a large center island featuring a breakfast bar, refrigerator drawers, dishwasher and ample storage. The kitchen also boasts beautiful white shaker cabinets, recessed and under-cabinet lighting, and top-of-the-line stainless steel appliances. Beautiful, exquisite hardwood flooring graces the main living areas, adding warmth and sophistication. As you step outside, you will marvel at the south-facing, radiant inground heated pool and spa, generous covered area and a convenient pool bath. This private outdoor retreat is enveloped in lush landscaping, with manicured hedges and a custom paved walkway leading to the front entrance. Additional highlights include a two-car garage with epoxy flooring and built-in cabinetry, a beautifully appointed laundry room, and more. Pelican Bay offers an unparalleled lifestyle with three miles of pristine private beach access, two beachfront restaurants, a community center featuring a fitness center, spa, two tennis facilities, kayaking and sailing opportunities. Club Pelican Bay offers 27 holes of golf, and a separate membership is required.
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About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017