7500 5th Terrace
About This Property
Welcome to Wheeler Estates S/D, a desirable rural residential community known for its generous lot sizes and peaceful country setting. Built in 2021, this like-new 3 bedroom, 2 bath home offers quality construction, an open-concept layout, and 1.25 acres at the end of a dead-end street for added privacy.
Inside, vaulted ceilings and an open floor plan create a bright, inviting living space ideal for everyday living and entertaining. The island kitchen features granite countertops, bar seating, pantry, tile flooring throughout, and a window overlooking the expansive backyard. A full-lite glass door opens to the 10' x 23' screened lanai, perfect for enjoying Florida evenings and family gatherings.
The split-bedroom layout provides privacy, with a spacious primary suite that includes a large walk-in closet and a floor-to-ceiling tiled shower with glass enclosure. Hurricane-impact doors and windows provide added safety and peace of mind.
Wheeler Estates is a rural community where some agricultural uses may be permitted (buyers are encouraged to verify allowable uses with zoning). The area continues to grow in popularity due to its private setting, generous acreage parcels, and convenient access to Fort Myers, downtown, and major city amenities, all while maintaining the quiet country lifestyle.
Quick and easy access to SR 80, just 20 minutes to Fort Myers, and 45 minutes to Gulf beaches.
This home offers the perfect combination of newer construction, ample acreage, privacy, and peace of mind.
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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 |
|---|---|---|---|
| Aug 18, 2026 | Sold | ||
| Sold | |||
| Jul 26, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Price Decreased |
$399,900
↓ $40K
(9.1%) | |
| Price Decreased | |||
| Feb 24, 2026 | Listed by Riverside Real Estate Inc | $439,900 | |
| Listed by Riverside Real Estate Inc | |||
| Jan 13, 2015 | Sold | ||
| Sold | |||
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About Hendry
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017