9087 Michael Circle #UNIT2
About This Property
The Players Club and Spa is "optional" with this condo. The owners have a current membership that can be transferred at time of sale. Amenity rich, the Players Club and Spa has great restaurants, resort style pools plus a lap/fitness pool, a full-service spa, Har Tru tennis courts with a pro shop, pickleball, bocce ball, basketball, well equipped fitness center w/trainers and a full array of classes. Lely Resort is also home of one private golf course and 2 public golf courses.
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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 |
|---|---|---|---|
| Sep 18, 2024 | Sold | ||
| Sold | |||
| Aug 28, 2024 | In contract | - | |
| In contract | |||
| Jul 28, 2024 | Price Decreased |
$439,000
↓ $11K
(2.4%) | |
| Price Decreased | |||
| May 25, 2024 | Listed by Compass Florida LLC | $450,000 | |
| Listed by Compass Florida LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/13/2025
|
2 Bed
|
2 Bath
|
1247 ft²
|
$376,000
2 Bed
2 Bath
1247 ft²
|
$335,000
-10.90%
05/18/2026
|
Michelle Thomas
Premier Sotheby's International Realty
| |
|
05/13/2025
|
2 Bed
|
2 Bath
|
1247 ft²
|
$419,000
2 Bed
2 Bath
1247 ft²
|
-
-
|
Michelle Thomas
Premier Sotheby's International Realty
| |
|
05/25/2024
|
3 Bed
|
2 Bath
|
1450 ft²
|
$450,000
3 Bed
2 Bath
1450 ft²
|
$420,000
-6.67%
09/18/2024
|
Bob Cowan
Compass Florida LLC
| |
|
10/02/2018
|
3 Bed
|
2 Bath
|
1450 ft²
|
$249,900
3 Bed
2 Bath
1450 ft²
|
-
-
|
-
| |
|
06/10/2018
| |
3 Bed
|
2 Bath
|
1450 ft²
|
-
3 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
|
10/15/2008
|
2 Bed
|
2 Bath
|
1450 ft²
|
$249,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
Christopher Braun
William Raveis Real Estate
|
Building Info
About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017