8841 Lely Island Circle
About This Property
Designed for culinary excellence, the chef's kitchen is a showstopper, complete with double wall ovens, an oversized cooktop, beautiful custom cabinetry, and a wine refrigerator. This space is as functional as it is elegant, offering everything needed to create gourmet meals in style. A massive three-car garage provides ample space for vehicles, golf carts, and outdoor gear. Built for peace of mind, the home sits at an elevated finished floor height of 11.2 feet, exceeding code requirements. A partially installed Ring Alarm system and pool alarm add an extra layer of security and convenience. For those seeking an elite lifestyle, optional memberships are available at The Players Club & Spa, which features world-class amenities, as well as The Classics Golf and Country Club, offering an exclusive private golf experience. The Flamingo and Mustang Golf Courses also provide championship public play options. This is more than a home-it's a lifestyle. Whether you're drawn to the elegance of the interiors, the resort-style outdoor living, or access to premier golf and social experiences, this residence is your perfect sanctuary. Don't miss the chance to own a piece of Naples luxury-schedule your private tour today!
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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 1, 2025 | Sold | ||
| Sold | |||
| Mar 13, 2025 | In contract | - | |
| In contract | |||
| Mar 9, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 6, 2025 | Listed by The Real Estate Agency SW Fla | $1,299,000 | |
| Listed by The Real Estate Agency SW Fla | |||
| Feb 28, 2025 | Price Decreased |
$1,450,000
↓ $140K
(8.8%) | |
| 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