24
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997 Spyglass Lane
About This Property
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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 |
|---|---|---|---|
| Oct 26, 2026 | Listed by William Raveis Real Estate | $18,900,000 | |
| Listed by William Raveis Real Estate | |||
| Sep 8, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 27, 2026 | In contract | - | |
| In contract | |||
| Jan 8, 2026 | Listed by William Raveis Real Estate | $18,900,000 | |
| Listed by William Raveis Real Estate | |||
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Perfectly positioned along the tranquil waters of Runaway Bay, this beautifully reimagined Port Royal residence offers an elegant blend of contemporary refinement and timeless sophistication. The interiors were thoughtfully transformed with clean, modern finishes, curated fixtures, and exceptional attention to detail—reflecting a globally inspired design aesthetic. A remarkable entry foyer with a striking stairway sets an impressive tone upon arrival, leading to an array of beautifully proportioned living spaces. The formal living and dining rooms are gorgeous and light-filled, while a cozy den with custom built-in shelving provides a warm, intimate retreat. The renovated kitchen, appointed with Ruffino cabinetry and thoughtful upgrades, flows effortlessly into a functional family room and the expansive covered outdoor living area. A custom glass wine room adds a focal point and a touch of understated luxury. The home’s highly functional configuration includes six spacious bedrooms, each with its own ensuite bathroom. The first-floor primary suite offers convenience and privacy, while five additional guest suites are located upstairs along with a large exercise room and a secondary loft office. Upgraded bathrooms throughout further elevate the home’s contemporary feel. Situated on a unique and well-proportioned Port Royal lot, the property features a spacious three-car garage with a large motor court and enjoys an exceptional position on sought-after Spyglass Lane. Boaters will appreciate the property’s no-bridge access to Naples Bay, the Gulf, and the surrounding estuarine waterways. The home’s elevated living experience is further enhanced by updated lighting and AV controls, security cameras, and motorized window shades. An outstanding opportunity to secure a residence in Port Royal ahead of the highly anticipated new Port Royal Club beachfront clubhouse, slated for completion in late 2026. This property is eligible for Port Royal Club membership.
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| Oct 26, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017