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794 Hydrangea Drive
About This Property
Inside, vaulted ceilings with exposed wood beams, authentic Mexican tile, French doors, and thoughtfully preserved mid-century modern touches give the home a timeless personality that feels both stylish and inviting. Natural light pours through the home, especially in the enclosed Florida room offering approximately 300 square feet of additional living space - the perfect spot to relax with morning coffee, host friends, read a book, or simply enjoy peaceful water views year-round.
The updated interior also features new flooring and a BRAND NEW A/C (2026), blending modern comfort with classic design. The extra-deep 30-foot garage provides incredible storage for vehicles, boats, tools, or hobby space, while the clean, usable shed in excellent condition includes a built-in workbench for projects, storage, or workshop use.
Step outside and you'll discover the true Florida lifestyle. Launch a kayak from your backyard, spend the afternoon fishing, or take your boat out for spontaneous sunset cruises. Gorgeous mature trees, waterfront views, and a cozy firepit create an outdoor setting that feels peaceful, private, and made for entertaining.
Beyond the property itself, the location is incredibly convenient - just minutes from downtown Fort Myers, waterfront dining, shopping, parks, golf courses, hospitals, local marinas, and attractions like the Edison and Ford Winter Estates and Cape Coral Hospital.
Perfect as an investment property / short-term rental:
Waterfront with Gulf access = a draw for Boaters, those wanting to Kayak/Fish
No flood ins = lower carrying costs than other Gulf access properties
NFM Community Pool is walkable = no need to build and maintain an expensive pool
If you've been searching for a home with authentic character, Gulf access, architectural charm, flexible living space, and a peaceful waterfront setting, 794 Hydrangea Dr offers a rare opportunity to own something truly memorable.
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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.
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About Hancock
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017