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848 W Cape Estates Circle
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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%.
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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.
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 |
|---|---|---|---|
| Oct 26, 2026 | Listed by Re/Max Sunshine | $2,350,000 | |
| Listed by Re/Max Sunshine | |||
| Mar 20, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 26, 2025 | Listed by Royal Shell Real Estate, Inc. | $2,450,000 | |
| Listed by Royal Shell Real Estate, Inc. | |||
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Privately positioned on a west-facing half-acre along the Northwest Spreader, this exceptional gated waterfront estate delivers uninterrupted sunset views across wide, deep canal waters and a protected nature preserve. With no bridges and direct Gulf access, the property offers effortless boating, fishing, and kayaking from your private boat dock, complete with a 10,000 lb canopied boat lift. Designed for both everyday living and grand-scale entertaining, the residence offers nearly 5,000 square feet of refined interior space complemented by an extraordinary 3,749 square foot outdoor living retreat. The resort-style lagoon pool spans an impressive 50 feet and features an integrated spa, cascading waterfall, and fully equipped outdoor kitchen, all surrounded by lush landscaping and tranquil water views that create a true sense of privacy. Inside, timeless craftsmanship is showcased through custom wood cabinetry and millwork, rich finishes, and a striking stone fireplace anchoring the main living area. The chef’s gourmet kitchen is thoughtfully designed for entertaining, featuring walnut cabinetry with detailed crown molding, a large prep island with vegetable sink, black granite surfaces, a gas five-burner range, dual dishwashers, and a wine refrigerator with dual 24-bottle racks. Pocketing sliding glass doors in the family room fully retract, creating a seamless indoor-outdoor connection to the expansive lanai. Zoned HVAC provides individualized comfort throughout the home. An upper-level great room opens to an oversized screened patio, offering a spectacular setting to enjoy nightly sunsets and frequent wildlife sightings, including manatees and dolphins along the preserve below. Completing the property is an oversized 1,234 square foot garage with epoxy flooring and ceiling heights suitable for car lifts. Located within West Cape Estates, a gated luxury waterfront enclave offering a private gym, tennis and pickleball courts, and scenic walking paths, this home presents a rare blend of privacy, access, and elevated coastal living. This location is one of the best kept secretes in SWFL offering privacy yet convenient in minutes to great restaurants, shopping, medical needs, and schools in Cape Coral, Punta Gorda and nearby Matlacha/PineIsland. This truly is a fantastic lifestyle, community and home.
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| Feb 17, 2017 | Sold | ||
| Sold | |||
| Nov 1, 2010 | Sold | ||
| Sold | |||
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About Burnt Store
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017