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Collier 34104 East Gateway
8968 Madrid Circle
Photo of 8968 Madrid Circle
Sold on Aug 14, 2026

41

Map

Photo of 8968 Madrid Circle
Photo of 8968 Madrid Circle
$472,500
● House - Off Market

8968 Madrid Circle

Naples, FL 34104
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,596 Ft²
$3,064
Est. Monthly
$155
HOA / Fees

About This Property

Amazing opportunity to own this completely updated single-family home with beautiful lake views! This stunning property features plantation shutters, luxury vinyl flooring in all bedrooms, roller shades, oversized granite countertops, large tile floors, high ceilings, and fresh interior paint. Enjoy the new landscaping, low HOA fees, and partially furnished interior, making this home truly move-in ready. A perfect blend of comfort, style, and Florida living at its best!
Unit Size
1,596 Ft²
Days on Market
77 days
Land Size
0.90 acres
Price per sqft
$304
Property Type
House
Property Taxes
$526
HOA Dues
$155
Year Built
2020

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 months ago ( #226020765)

Price History

Date / Event Date Event Price
Aug 14, 2026 Sold
Premium
Sold
Jul 10, 2026 In contract -
In contract
May 26, 2026 Listed by Coldwell Banker Realty $485,100
Listed by Coldwell Banker Realty
Jul 2, 2022 No longer available -
No longer available
Jun 29, 2022 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,920
  • Lot Size Frontage Feet: 420
  • Total Building Area: 1,596
  • Gross Building Area: 1,596
  • Building Area: 1,596
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,596
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRONTERRA PHASE 2
  • Land Acres: 0000000090
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • Legal Description 1: FRONTERRA PHASE 2 LOT 91

Neighborhood

  • School District Name: Collier County School District
  • School Tax School District: DISTRICT 1
  • Census Tract: 010511

Geography

  • Assessors Map Reference: 4B34
  • Subdivision Phase Number: 2
  • Parcel: 34550002427
  • Lot: 91
  • Meridian: SEC 34 TWN 49 RNG 26
  • Municipality: COUNTY COLLIER
  • Latitude: 26.1577
  • Longitude: -81.6912

    Address

  • Full Address: 8968 Madrid Cir
  • Address - House Number: 8968
  • Address - Street Name: Madrid
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Naples
  • Carrier Code: C092
  • 4-Digit Zip Code: 6227
  • Zip Code: 34104

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $475,930
  • Tax Rate Code Area: 31

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 63
  • Final Value: 559,225
  • High Value: 702,127
  • Low Value: 416,324

    Market Valuation

  • Market Total Value: $362,852
  • Market Land Value: $54,772
  • Market Improvement Value: $308,080

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $290,238

    Sales

  • Current Sale Contract Date: Jun 28, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6275926
  • Previous Sale Recording Date: Nov 04, 2020
  • Previous Sale Contract Date: Oct 29, 2020
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Golden Gate

Stats & Trends

Median Asking:

$437,000

Sale Price/ft²

$279

Below Asking

0.01%

Average Days on Market

85

Average Home Size

1599 ft²

Average Home Age

32 years

Currently For Sale

259 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 9552 Caymas Terrace, Naples, FL, 34114

$6,800 /mo

  • 3 Beds
  • 3 Baths
  • 2,366 ft²
9552 Caymas Terrace, Naples, FL, 34114 Listing by Eddie Rodriguez
Unit for rent at 3951 Ruxton Road, Naples, FL, 34116

$7,500 /mo

  • 3 Beds
  • 2 Baths
  • 2,385 ft²
3951 Ruxton Road, Naples, FL, 34116 Listing by David Roy, PA
Unit for rent at 7655 Martino Circle, Naples, FL, 34112

$9,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,297 ft²
7655 Martino Circle, Naples, FL, 34112 Listing by Jake Ponsler

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 8968 Madrid Circle built and last sold?
The property at 8968 Madrid Circle was built in 2020 and last sold on Jun 28, 2022 for $490,000.
How much is this home worth?
The estimated value of the home located at 8968 Madrid Circle is $489,336.
What are some comparable homes to 8968 Madrid Circle?
There are currently no comparable homes to 8968 Madrid Circle.
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