8990 Lely Island Circle
About This Property
Step through grand double doors into a spacious foyer with soaring 12-foot ceilings, setting the tone for the open and inviting layout throughout. The chef's kitchen is a true showstopper-featuring high-end KitchenAid appliances, granite countertops, a custom tiled backsplash, and soft-close cabinetry with pull-out sliders. Recessed lighting highlights the expansive counter space, perfect for both entertaining and everyday living.
The living room is generously sized with a 12-foot tray ceiling, built-in wet bar, and large impact-resistant sliders that open to an expansive, covered lanai with desirable southern exposure. Enjoy long views across the sparkling pool, over the manicured fairway, and out to the tranquil preserve beyond.
Retreat to the luxurious master suite, complete with tray ceilings, French doors to the pool area, and a spa-like bath offering dual sinks, a doorless walk-in shower, and a private water closet. All guest accommodations are equally well-appointed, with high ceilings, solid core doors, and a beautifully upgraded bathroom featuring frameless shower doors and granite counters.
Additional features include impact-resistant windows and doors, a 3-car garage with reinforced door, a whole-house generator powered by an underground propane tank, and high-end designer furnishings throughout-making this home truly move-in ready.
Don't miss this rare opportunity to own a one-of-a-kind home in one of Naples' most desirable 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 |
|---|---|---|---|
| Jun 25, 2025 | Sold | ||
| Sold | |||
| May 12, 2025 | In contract | - | |
| In contract | |||
| May 10, 2025 | Relisted | $975,000 | |
| Relisted | |||
| May 7, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Listed by John R Wood Properties | $975,000 | |
| Listed by John R Wood Properties | |||
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About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017