85 SPANIARDS ROAD
About This Property
Welcome to your dream coastal oasis! Perfectly positioned near the Gulf, this exceptional property offers a private sanctuary on a beautifully landscaped 0.7-acre lot. Surrounded by lush tropical foliage and enhanced with a new irrigation system installed in 2025, this residence exudes tranquility and elegance from the moment you arrive.
Step through beveled glass entry doors into a world of refined coastal living. The interior showcases tall ceilings, 8-foot interior doors, crown molding, and oversized baseboards, all contributing to an atmosphere of timeless sophistication.
The master suite is a serene retreat, featuring a tray ceiling, spacious walk-in closet, and a luxurious en-suite bath complete with granite double vanity, walk-in shower with frameless glass doors, and private sliders leading to the lanai. Two guest bedrooms share a beautifully appointed bath with granite countertops and a frameless glass shower.
At the heart of the home, the chef's kitchen is both stylish and functional, offering a large island, 48" cabinetry, pull-out drawers, bar area with wine refrigerator, and high-end appliances-perfect for entertaining or everyday enjoyment. The open-concept great room, enhanced by a double tray ceiling and two walls of pocketing sliders, effortlessly extends your living space to the lanai.
Outside, the expansive paver lanai is ideal for both relaxing and entertaining, featuring a covered area for shade and a sunning deck that surrounds the heated, saltwater pool and spa (14' x 28'). Whether hosting guests or savoring quiet moments, this outdoor retreat is the perfect extension of your Florida lifestyle.
Additional highlights include a three-car garage with overhead storage, dedicated kayak and bike space, and a paver driveway. Residents may also enjoy optional HOA membership for exclusive access to the Don Pedro private beach and boat dock.
Located just minutes from Boca Grande and Englewood beaches, this home places you close to world-class boating, fishing, golfing, kayaking, biking, and nature trails in nearby state and county parks.
This property is more than a home-it's a lifestyle. Experience the beauty, privacy, and sophistication of Southwest Florida coastal living at its finest.
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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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Price Decreased |
$869,000
↓ $21K
(2.4%) | |
| Price Decreased | |||
| Feb 15, 2026 | Price Decreased |
$890,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Jan 1, 2026 | Price Decreased |
$900,000
↓ $23K
(2.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017