8945 Malibu ST #202
About This Property
The manager has listed the unit size as 1647 square feet.
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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.
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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 |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Jul 20, 2024 | In contract | - | |
| In contract | |||
| May 10, 2024 | Listed | $469,000 | |
| Listed | |||
| | |||
|
THIS IS THE ONE! Absolute Best Value in Ole' Resort! 3 BR 2 1/2 BA --- AN INVESTOR'S DREAM! Beautifully appointed TURNKEY furnished, Coastal Decorated Condo Home in pristine condition. SPECIAL ASSESSMENT FULLY PAID! Rental income potential IN-SEASON $8500 or more. 30 Day min rental period required. This Coastal Oasis FEELS BRAND NEW w/light coastal colors, fresh neutral paint, designer furnishings, and newly installed luxury vinyl plank wood-look flooring on second level. NEW HOT WATER HEATER & DISHWASHER, newer washer and dryer, plus NEST thermostat and keyless entry. MBR has ROMEO & JULIET BALCONIES offering extra light and tropical courtyard views, w/KING-SIZE BED, large flat screen TV, and plenty of "his and hers" closet space. Double doors to hallway ensure PRIVATE EN SUITE LIVING while you luxuriate in spacious Master Bath w/separate shower, privy, and soaking tub. 2-car garage stocked w/beach chairs, coolers, umbrellas, and racquets, PLUS 4 bicycles for easy guest access to the Ole’ Village Center and amenities! WORLD-CLASS OLE’ RESORT AMENITIES: resort-style pool/spa/waterfalls, poolside food & drink service, volleyball, pickleball, & bocce ball courts, movie theater, pub, bistro, café, ice cream parlor, library, and fitness center. ***PLUS*** Access to THE PLAYER’S CLUB and NAPLES LAKES GOLF & COUNTRY CLUB is included, May-October, with reciprocal golf privileges/dining privileges at ALL RESTAURANTS & MASSAGE AND SPA SERVICES available. Some fees apply for services. See Supplement for details. SOAK UP THE SUN at the many resort-style pools. Enjoy tennis, pickleball, basketball, bocce ball, and more! ~ This is truly THE BEST VALUE IN OLE’ RESORT!
| |||
| May 1, 2024 | No longer available | - | |
| No longer available | |||
| Apr 3, 2024 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/10/2025
|
2 Bed
|
2 Bath
|
1385 ft²
|
$389,900
2 Bed
2 Bath
1385 ft²
|
-
-
|
Didi Love
John R Wood Properties
| |
|
02/09/2025
|
3 Bed
|
2 Bath
|
1733 ft²
|
$460,000
3 Bed
2 Bath
1733 ft²
|
-
-
|
Didi Love
John R Wood Properties
| |
|
12/21/2024
|
3 Bed
|
3 Bath
|
2084 ft²
|
$589,900
3 Bed
3 Bath
2084 ft²
|
-
-
|
Andy Fox
Waterfront Realty Group Inc
| |
|
12/08/2023
|
3 Bed
|
2.5 Bath
|
1647 ft²
|
$515,000
3 Bed
2.5 Bath
1647 ft²
|
-
-
|
Marc J Comisar
DomainRealty.com LLC
| |
|
10/23/2020
|
3 Bed
|
3 Bath
|
2084 ft²
|
$375,000
3 Bed
3 Bath
2084 ft²
|
-
-
|
-
| |
|
05/30/2018
| |
3 Bed
|
3 Bath
|
2084 ft²
|
-
3 Bed
3 Bath
2084 ft²
|
-
-
|
-
|
|
05/10/2013
|
2 Bed
|
2 Bath
|
1404 ft²
|
$232,900
2 Bed
2 Bath
1404 ft²
|
$218,000
-6.40%
07/31/2013
|
Craig Ekonomos
FUGE LLC
| |
|
06/27/2011
|
3 Bed
|
2 Bath
|
1647 ft²
|
$198,000
3 Bed
2 Bath
1647 ft²
|
$186,000
-6.06%
10/21/2011
|
Corey Stranger
Waterfront Realty Group Inc
|
Building Info
About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017