8808 La Palma Lane
About This Property
Two-bay garage with extra storage. Lush landscaping, beautifully lit for maximum atmosphere at night, and a view to the east of La Palma's peaceful water feature and rock garden.
Residents in Bay Colony, which is located within the sought after-beachfront community of Pelican Bay, enjoy private beach access with hospitality services on the sand via the recently remodeled members-only Bay Colony Beach Club; dining at the BC restaurant and use of the Bay Colony tennis center. In addition, Bay Colony residents have access to all of the amenities that Pelican Bay has to offer - two additional private beach restaurants and over two miles of Gulf-front coastline. Also nearby: the elegant Waterside Shops and Artis-Naples, a world-class performing arts center and The Ritz Carlton-Naples.
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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.
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.
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About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017