49
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8983 Mustang Island Circle
About This Property
Practical amenities include an oversized two-plus car garage and extra-large driveway providing ample parking and storage. Recent infrastructure improvements demonstrate ongoing care, with a new roof installed in 2018 and brand-new air conditioning system installed in December of 2021. The property boasts outstanding golf course and lake views, creating a serene backdrop for daily living.
The location offers remarkable convenience to Naples 'finest attractions. Residents enjoy easy access to downtown Fifth Avenue's dining and shopping within twelve minutes, while pristine Naples beaches and Marco Island's coastal attractions are just fifteen minutes away. Nearby amenities include Donna Fiala Eagle Lakes Community Park, Publix Super Market at Freedom Square, and highly-rated Lely High School.
Financial benefits include a reasonable homeowners association fee of only $750 quarterly, and flexible rental policies allowing up to four rentals annually with a thirty-day minimum stay. The Players Club membership is included with the property, providing additional recreational opportunities.
This well-maintained home combines modern updates with resort-style amenities in one of Southwest Florida's most desirable communities, offering both comfortable year-round living and excellent investment potential for discerning buyers.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 2, 2026 | Sold | ||
| Sold | |||
| May 5, 2026 | In contract | - | |
| In contract | |||
| Mar 23, 2026 | Price Decreased |
$899,000
↓ $46K
(4.9%) | |
| Price Decreased | |||
| Feb 13, 2026 | Price Decreased |
$945,000
↓ $40K
(4.1%) | |
| Price Decreased | |||
| Jan 3, 2026 | Price Decreased |
$985,000
↓ $65K
(6.2%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017