744 Wedge Drive #19
About This Property
This property is in the heart of it all! It is located just minutes from the world renowned dining and shopping of 5th Avenue, Waterside Shops, & Venetian Village. Situated west of Hwy 41 this property gives access to the very desirable & private Moorings Beach on the Gulf and is a relaxing bike ride away. Another wonderful option is to lounge by the quiet community pool. Enjoy your own slice of paradise in this tranquil, upscale residential community nestled in the highly sought after neighborhood of Moorings. Wedgewood Club is a small enclave of only 28 residences.
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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 26, 2025 | Sold | ||
| Sold | |||
| Feb 12, 2025 | In contract | - | |
| In contract | |||
| Feb 5, 2025 | Listed by Royal Shell Real Estate, Inc. | $475,000 | |
| Listed by Royal Shell Real Estate, Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/26/2025
|
2 Bed
|
1 Bath
|
950 ft²
|
$299,000
2 Bed
1 Bath
950 ft²
|
$270,000
-9.70%
05/08/2025
|
Maria Ferrara-Gelardi
Premiere Plus Realty Company
| |
|
02/05/2025
|
2 Bed
|
2 Bath
|
1182 ft²
|
$475,000
2 Bed
2 Bath
1182 ft²
|
$435,000
-8.42%
02/26/2025
|
Doug Haughey
Royal Shell Real Estate, Inc.
| |
|
10/17/2024
|
2 Bed
|
2 Bath
|
966 ft²
|
$295,000
2 Bed
2 Bath
966 ft²
|
$240,000
-18.64%
11/22/2024
|
Lisa Lineback
Downing Frye Realty Inc.
| |
|
12/18/2023
|
2 Bed
|
2 Bath
|
966 ft²
|
$389,000
2 Bed
2 Bath
966 ft²
|
-
-
|
Suzanne Kepple
Compass Florida LLC
|
Building Info
About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017