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8398 Palacio Terrace S
About This Property
One of the best features of this home is the outdoor living space. The owners added a custom saltwater pool and spa with a panoramic screen enclosure. The lanai was extended to the maximum width and depth with travertine pavers, giving you a much larger outdoor area than many other homes. There is also an outdoor kitchen, an extended covered roof over the lanai that was added as a builder upgrade, and landscape lighting. A private enclosed courtyard at the front entrance offers even more outdoor space to enjoy.
Inside, the home features updated tile floors that give the main living areas a matching look. The kitchen includes upgraded stainless steel appliances, a reverse osmosis drinking water system, and a whole-home water softener and filter. The large primary bedroom has its own private bath, while both guest bedrooms also have their own bathrooms. The den is currently used as an office but could easily be a TV room, formal dining room, or extra living space.
This natural gas home also includes several builder upgrades, a large laundry room with a washer, dryer, and laundry sink, and a garage extended an extra 4 feet to fit a larger SUV or pickup truck. Storm protection includes a mix of impact windows, accordion shutters on the sides, and electric Storm Smart hurricane screens across the back lanai.
Esplanade at Hacienda Lakes offers a great mix of indoor and outdoor amenities, including a clubhouse, fitness center, indoor resistance pool, resort-style swimming pool, multiple pickleball courts, tennis courts, bocce ball court, dog park, playground, and walking paths. The community is located next to Physicians Regional Medical Center on Collier Boulevard and is about 10 minutes from I-75, making it easy to get around Naples and Southwest Florida. The community is also believed to share the same electrical grid as the hospital, which could be an added benefit during storms and power outages.
With its many upgrades, large outdoor living area, and great care from the original owners, this home is ready for its next owner to enjoy. A detailed feature list with additional upgrades and improvements is available. Contact your agent for a copy.
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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%.
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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.
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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 5, 2026 | Listed by RE/MAX Hallmark Realty | $920,000 | |
| Listed by RE/MAX Hallmark Realty | |||
| Jun 22, 2018 | Sold | ||
| Sold | |||
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About Royal Fakapalm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017