Lake-View Duplex
For Sale
$620,000
28023 Dorado Dr, Bonita Springs, FL 34135
Residential, 1 Story/Ranch, Duplex, End-Unit, BONITA SPRINGS, FL
Property Size1,534 SF
Lot Size0.11 Acres
Price / SF$404.17
Days on Market9
Property Features for 28023 Dorado Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
MPD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Den, Bathroom 1, Laundry Room
Parking
2
Security features
Security System
Window features
Window Coverings
Patio and Porch features
Porch
Pets allowed
Yes
Pool private
1
Interior features
Closet Cabinets, Custom Mirrors, Laundry Tub, Multi Phone Lines, Pantry, Pull Down Stairs, Smoke Detectors, Vaulted Ceiling(s), Walk-In Closet(s), Window Coverings
Exterior features
Screened Lanai/Porch
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
VILLAGE WALK OF BONITA SPRINGS
Lot features
Regular, Regular
View
Lake
Elementary school
LEE COUNTY SCHOOLS
Middle school
LEE COUNTY SCHOOLS
High school
LEE COUNTY SCHOOLS
Standard status
Active
APN
03-48-26-B2-01000.0690
Size
1,534 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLAGEWALK OF BONITA SPRINGS PHASE I PB 79 PGS 32+50 LOT 69
Tax Annual Amount
5095
HOA Fee
$5,796 Annually
Legal Description
VILLAGEWALK OF BONITA SPRINGS PHASE I PB 79 PGS 32+50 LOT 69
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water front features
Lake
Water front
1
Amenities
private screened lanai
heated pool
resort-style pools
fitness center
tennis
pickleball
bocce
walking paths
biking paths
clubhouse
restaurant
salon
post office
gas station
Building Details
Year built
2005
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
Poured Concrete, Stucco
Roof type
Tile
Architectural style
Ranch
Listing Agency:
Coldwell Banker Realty · NextHome
(239) 262-7131
Listed By:
Stephen Buchalter
(508) 509-1423
Added: Sep 10
Changed: Sep 17
Last Checked: Sep 18 at 5:06AM
MLS# 226032287
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,534-square-foot duplex in Bonita Springs was built in 2005 with a ranch-style layout and a 0.112-acre lot. The residence includes two bedrooms, two bathrooms, an open den, a split-bedroom plan, and a private screened lanai overlooking the lake. Interior features include porcelain tile flooring, volume ceilings, plantation shutters, granite countertops, stainless steel appliances, under-cabinet lighting, and walk-in storage. A private pool, newer pool heater, accordion hurricane shutters, and attached two-car garage add to the property’s functionality.
The home is located within the gated Village Walk of Bonita Springs community. Amenities listed for the neighborhood include resort-style pools, fitness facilities, tennis, pickleball, bocce, walking and biking paths, a clubhouse, restaurant, salon, post office, and gas station. The property is zoned MPD and positioned in Bonita Springs, Florida.
The home is located within the gated Village Walk of Bonita Springs community. Amenities listed for the neighborhood include resort-style pools, fitness facilities, tennis, pickleball, bocce, walking and biking paths, a clubhouse, restaurant, salon, post office, and gas station. The property is zoned MPD and positioned in Bonita Springs, Florida.
Key Highlights
- 1,534‑square‑foot duplex on a 0.112‑acre lot
- Two bedrooms, two bathrooms, and an open den
- Private heated pool with screened lanai and lake views
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,304
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$406,080
$406.1K
Cap Rate 7%
$290,057
$290.1K
Cap Rate 9%
$225,600
$225.6K
Market Conditions
NOI Build-Up for 1,534 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.4K $19.80/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$29.0K $18.91/SF
− OpEx
−$8.7K −$5.67/SF
NOI
$20.3K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$406,080
Cap Rate 7%
$290,057
Cap Rate 9%
$225,600
Alternative Uses
Best Use
Multifamily LT 5
$290.1K
$253.8K – $338.4K
NOI $20,304 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$268.8K
$235.2K – $313.6K
NOI $18,816 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$482.8K
$422.5K – $563.3K
NOI $33,797 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 34135, FL
45,518
Population
30,904
Households
1.5
Avg Household Size
60
Median Age
39%
College-Educated
88%
High-School Grad
61.8 sq mi
ZIP Area
737
Density / Sq Mi
$86,731
Median Household Income
$37,952
Median Earnings
$1,790
Median Rent
$419,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Maintained ranch-style duplex with a screened lanai, private heated pool, and attached two-car garage.
Where is this duplex located?
The property is located at 28023 Dorado Dr Bonita Springs, FL.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 1,534‑square‑foot duplex on a 0.112‑acre lot; Two bedrooms, two bathrooms, and an open den; Private heated pool with screened lanai and lake views
