737 Mooring Line Drive
About This Property
landscaped lot. Build your dream home, remodel this home for yourself or rent it out. Sold As-Is with right to Inspect. Attached garage was
converted in additional bedroom, bathroom and closet in 2014. Separate two-story garage building in rear for three or more cars, boat, kayak,
etc. (Also has 2-story air-conditioned workshop, office or art studio.) The home stayed high and dry during Hurricane Ian and is located in a
highly desirable X-zone. Moorings residents will appreciate the voluntary Moorings Beach club
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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 1, 2026 | Sold | ||
| Sold | |||
| Apr 12, 2026 | In contract | - | |
| In contract | |||
| Mar 2, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 25, 2026 | Listed by Downing Frye Realty Inc. | $2,285,000 | |
| Listed by Downing Frye Realty Inc. | |||
| Jan 23, 2026 | Price Decreased |
$2,449,000
↓ $150K
(5.8%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017