744 Wedge DR #27
About This Property
Embrace the essence of paradise in this tranquil, upscale residential community nestled in The Moorings. Enjoy the convenience of biking to the private Moorings Beach or lounging by the community pool just steps from your door. This prime downtown location, situated west of 41, offers easy access to exceptional shopping and dining. The property boasts hurricane impact glass on all windows, a newer A/C, hot water heater, and a brand new roof , ensuring both security and modern comfort.
The manager has listed the unit size as 966 square feet.
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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 |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Oct 31, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Listed | $295,000 | |
| Listed | |||
| | |||
|
YOUR LUCKY DAY! This rarely available END UNIT is back on the market because the owner had to relocate for work. This is an enclave located in Moorings consisting of just 28 units. You can lounge by the community pool or take advantage of the highly sought after private Moorings Beach access. This unit is priced to sell fast and you do not want to miss out on owning a piece of paradise just minutes from the beach and Downtown Naples.
| |||
| May 14, 2024 | No longer available | - | |
| No longer available | |||
| Apr 17, 2024 | Price Decreased |
$315,000
↓ $25K
(7.4%) | |
| Price Decreased | |||
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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