8640 Cedar Hammock Circle #524
About This Property
Sunny mornings and gorgeous views from both the front and back lanais, in this beautifully updated and maintained Second Floor Condo nestled on Hole 12 of Cedar Hammock's Championship 18 Hole Golf Course. This Veranda has 2 large lanais, 2 large bedrooms plus den, 2 full baths and a one car garage, and is being sold turnkey. Elegant furnishings included, brand new AC with transferable 10 year warranty, newer light fixtures/fans, newer painting, newer flooring includes large tiles placed on the diagonal throughout most of the home, and LUXURY Vinyl wide-plank flooring in the master bedroom. Updated completely the master "SPA Like" bath has new cabinets, custom glass shower, dual sinks, lights, hardware, etc - a gorgeous space. The Guest bath has also been beautifully updated. The active Cedar Hammock Community offers the perfect lifestyle - boasting a top bundled golf course - 4 community pools - newly updated cabana bar, The Hammock, a 2 story gym with machines and weights, professional trainers teach classes, yoga, tennis courts with competitive opportunities. Ride your bike to the gym for a yoga class or play a game of bocce, followed by lunch or dinner at the outstanding country club restaurant. Cedar Hammock is close to Naples and Marco Island, world class beaches, fine dining and minutes from shopping on famous 5th Avenue. Come see this beautiful condo in a great neighborhood.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 26, 2026 | Sold | ||
| Sold | |||
| Feb 3, 2026 | In contract | - | |
| In contract | |||
| Jan 13, 2026 | Price Decreased |
$409,000
↓ $16K
(3.8%) | |
| Price Decreased | |||
| Nov 26, 2025 | Listed by Premiere Plus Realty Company | $425,000 | |
| Listed by Premiere Plus Realty Company | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/26/2025
|
2 Bed
|
2 Bath
|
1414 ft²
|
$425,000
2 Bed
2 Bath
1414 ft²
|
$400,000
-5.88%
03/26/2026
|
Jonnie Westerop
Premiere Plus Realty Co.
| |
|
03/18/2025
|
2 Bed
|
2 Bath
|
1414 ft²
|
$449,000
2 Bed
2 Bath
1414 ft²
|
-
-
|
Michael Hansberry
Premiere Plus Realty Company
| |
|
02/18/2025
|
2 Bed
|
2 Bath
|
1661 ft²
|
$519,000
2 Bed
2 Bath
1661 ft²
|
$510,000
-1.73%
03/27/2025
|
Robb Mackett
Blue Heron Realty of Naples
| |
|
10/15/2021
|
2 Bed
|
2 Bath
|
1414 ft²
|
$329,000
2 Bed
2 Bath
1414 ft²
|
-
-
|
Jonnie Westerop
Premiere Plus Realty Co.
| |
|
12/14/2020
|
2 Bed
|
2 Bath
|
1661 ft²
|
$310,000
2 Bed
2 Bath
1661 ft²
|
-
-
|
-
| |
|
07/29/2017
| |
2 Bed
|
2 Bath
|
1414 ft²
|
-
2 Bed
2 Bath
1414 ft²
|
-
-
|
-
|
Building Info
About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017