8856 Lely Island Circle
About This Property
Located in the quiet enclave of Lely Island Estates within the award-winning Lely Resort, this meticulously maintained four-bedroom plus den, three-bath residence offers a rare opportunity to enjoy the Lely lifestyle with no required Players Club membership and no mandatory golf waitlist.
The home has been completely repainted and features abundant LED lighting throughout, creating a clean, bright, and welcoming atmosphere with exceptional natural and artificial light. Every detail reflects pride of ownership-this home has been maintained to perfection, with systems in excellent working condition and most components under warranty, offering peace of mind for the next owner.
The thoughtfully designed floor plan is ideal for both everyday living and entertaining. The open kitchen showcases granite countertops, a center island, dark wood cabinetry, and stainless steel appliances, seamlessly flowing into the spacious great room. A separate dining room provides the perfect setting for formal gatherings.
Ten-foot sliding glass doors open to an expansive, private lanai with serene nature views-no rear neighbors-offering a quiet retreat for outdoor dining, relaxation, and enjoying the Florida lifestyle. Tile flooring highlights the main living areas, while solid African wood floors add warmth and elegance to the bedrooms.
Additional features include impact glass and shutters for storm protection, a two-zone A/C system (both replaced), and an unfurnished interior-ready for buyers to personalize.
All of this is set just minutes from shopping, dining, and entertainment, with Naples' world-class beaches approximately 15 minutes away. Whether you choose to golf or simply enjoy the peaceful surroundings, this home delivers flexibility, privacy, and value in one of Naples' most sought-after communities.
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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 |
|---|---|---|---|
| May 11, 2026 | Sold | ||
| Sold | |||
| Apr 18, 2026 | In contract | - | |
| In contract | |||
| Feb 4, 2026 | Listed by Coldwell Banker Realty | $1,049,000 | |
| Listed by Coldwell Banker Realty | |||
| Dec 31, 2025 | No longer available | - | |
| No longer available | |||
| Oct 28, 2025 | Withdrawn | - | |
| Withdrawn | |||
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