$237,500
●
Condo -
Off Market
8264 Key Royal Circle #821
Naples, FL 34119
2 Beds
2 Baths
1,020 Ft²
$1,738
Est. Monthly
$397
HOA / Fees
12.21%
Cap Rate
About This Property
This spacious 2nd-floor condominium features 2 bedrooms, 2
bathrooms, and breathtaking lake views that greet you as soon as
you step inside. The open and airy layout offers plenty of natural
light throughout, with each bedroom showcasing a large walk-in
closet for ample storage.
Perfectly positioned just minutes from I-75, this condo offers the perfect balance of convenience and tranquility. Enjoy being only 15 minutes from Naples' pristine beaches along the Gulf of Mexico, while also having quick access to Immokalee Road and 951 for all your shopping, dining, and commuting needs. Located within an excellent school district, including the highly-rated Gulf Coast High School, this home is ideal for families, investors and professionals alike.
Perfectly positioned just minutes from I-75, this condo offers the perfect balance of convenience and tranquility. Enjoy being only 15 minutes from Naples' pristine beaches along the Gulf of Mexico, while also having quick access to Immokalee Road and 951 for all your shopping, dining, and commuting needs. Located within an excellent school district, including the highly-rated Gulf Coast High School, this home is ideal for families, investors and professionals alike.
Unit Size
1,020 Ft²
Days on Market
55 days
Land Size
-
Price per sqft
$235
Property Type
Condo
Property Taxes
$163
HOA Dues
$397
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (SWFLMLS #225009732)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Mar 7, 2025 | Price Decreased |
$239,900
↓ $40K
(14.3%) | |
| Price Decreased | |||
| Mar 7, 2025 | In contract | - | |
| In contract | |||
| Jan 24, 2025 | Listed by Premier Property Management | $280,000 | |
| Listed by Premier Property Management | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Detached Carport
Covered Spaces: 1
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Interior Features: Living Dining Room, Tub Shower, High Speed Internet
Appliances: Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
Flooring Type: Carpet, Tile
Living Area Square Feet Source: Appraiser
Laundry Features: Inside
Exterior Details
Property Condition: Resale
Year Built: 2003
Waterfront Features: None
Home Type: Residential
Architectural Style: Other, Low Rise
Roof: Shingle
Window Features: Single Hung
Construction Materials: Block, Concrete, Stucco
Pool Features: Community
ZeroLotLine
Lot Size Source: Appraiser
Financial Details
Tax Year: 2023
Tax Annual Amount: $1,951
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Utilities: Cable Available, Underground Utilities
Location Details
Association Fee Includes: AssociationManagement, CableTv, IrrigationWater, LegalAccounting, MaintenanceGrounds, PestControl, RecreationFacilities, ReserveFund, RoadMaintenance, StreetLights, Security
Association Amenities: Billiard Room, Business Center, Clubhouse, Fitness Center, Library, Barbecue, Picnic Area, Pool, Spa Hot Tub, Sidewalks, Vehicle Wash Area
Association Fee3: $1,191
Association Fee3 Frequency: Quarterly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/27/2026
|
2 Bed
|
1 Bath
|
946 ft²
|
$254,000
2 Bed
1 Bath
946 ft²
|
$230,000
-9.45%
05/29/2026
|
Debbie Swift PA
Swift Real Estate Services
| |
|
01/24/2025
|
2 Bed
|
2 Bath
|
1020 ft²
|
$280,000
2 Bed
2 Bath
1020 ft²
|
$237,500
-15.18%
03/21/2025
|
Erin Hale
Premier Property Management
| |
|
10/04/2023
|
2 Bed
|
1 Bath
|
946 ft²
|
$259,000
2 Bed
1 Bath
946 ft²
|
-
-
|
Steven Koleno
Beycome of Florida LLC
| |
|
05/05/2023
|
2 Bed
|
1 Bath
|
963 ft²
|
$285,000
2 Bed
1 Bath
963 ft²
|
$255,000
-10.53%
09/28/2023
|
Amanda Barcenas
MVP Realty Associates LLC
| |
|
08/30/2021
|
2 Bed
|
2 Bath
|
1106 ft²
|
$229,000
2 Bed
2 Bath
1106 ft²
|
-
-
|
George Messeha
Florida Home Realty of Collier
| |
|
10/17/2012
| |
2 Bed
|
2 Bath
|
1020 ft²
|
$77,000
2 Bed
2 Bath
1020 ft²
|
$80,221
+4.18%
12/14/2012
|
Diana Kelly
Engel & Volkers Jacksonville Beach
|
Building Info
About Urban Estates
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Listed by: Cassady Curtin, Premier Property Management
Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 225009732
Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 225009732
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2026 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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