8468 Indian Wells Way
About This Property
Enjoy the outdoor living experience with a below-ground heated spa, a lakefront, a private screened, and a paved lanai, complete with a partial outdoor kitchen featuring a mini refrigerator and sink. The epoxy floor in the garage, along with a paver walkway and driveway, adds to the home's appeal. Flexible rental rules and excellent top-tier guest history make this property an attractive investment. Indian Wells is a highly sought-after community within Lely Resort. The award-winning Players Club and Spa transferable membership is immediately available (But not Mandatory in Indian wells), boasting a fitness center, Spa, resort-style lap and swimming pools, billiard room, business center, tennis center, tennis and pickleball courts, Tiki Hut, dining restaurant, access to Lely bark park and much more-all within walking distance.
Lely Resort is home to three championship golf courses, ensuring endless recreation. You won't be disappointed.
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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 |
|---|---|---|---|
| Jul 22, 2025 | Sold | ||
| Sold | |||
| Jun 28, 2025 | In contract | - | |
| In contract | |||
| Jun 12, 2025 | Price Decreased |
$589,000
↓ $30K
(4.9%) | |
| Price Decreased | |||
| May 25, 2025 | Price Decreased |
$619,000
↓ $30K
(4.6%) | |
| Price Decreased | |||
| Apr 12, 2025 | Price Decreased |
$649,000
↓ $21K
(3.1%) | |
| Price Decreased | |||
Property Highlights
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About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017