7887 MARTINO Circle
About This Property
The home impresses by 9 to 13-foot ceilings and eight-foot-six interior doors. Raised panel cherry wood cabinets in the kitchen and under cabinet lights enhance the sophisticated ambiance. The current owner modernized the kitchen with stunning white quartz countertops and backsplash. Stainless steel appliances in the kitchen, newer Samsung washer and dryer. 18-inch tiles in most living areas. The master bath is a luxurious haven, highlighted by elegant marble countertops, a large walk-in shower, and a Roman tub.
Located in an X zone, (please confirm with insurance) this zoning may eliminate the need for costly flood insurance. Additionally, the home is equipped with shutters for added protection. The owner leaves his portable generator with a special plug-in to keep all appliances and AC running during a power outage.
Residents of Firano at Naples enjoy access to a clubhouse with a fine fitness room and a resort-style pool and spa. The HOA fee includes an ADT security system for all homes, Wi-Fi, basic cable, irrigation system and water, garden care and a reserve fund.
Conveniently situated between I-75 and the renowned Naples Beach, this property offers easy access to exceptional shopping and amenities. Discover the perfect blend of luxury and convenience at Firano at Naples!
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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 19, 2025 | Sold | ||
| Sold | |||
| Jan 19, 2025 | In contract | - | |
| In contract | |||
| Nov 3, 2024 | Relisted | $745,000 | |
| Relisted | |||
| Oct 31, 2024 | In contract | - | |
| In contract | |||
| Oct 24, 2024 | Price Decreased |
$745,000
↓ $40K
(5.1%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Price/ft²
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About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017