Lakefront Residential Income
28199 Islet Trl, Bonita Springs, FL 34135
For Sale
New
$438,900
Residential, Duplex, End-Unit, BONITA SPRINGS, FL
Property Size1,520 SF
Lot Size0.11 Acres
Price / SF$288.75
Days on Market1
Property Features for 28199 Islet Trl
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Security features
Window features
Patio and Porch features
Pets allowed
Interior features
Exterior features
Appliances
Subdivision
Lot features
View
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Utilities
Heating system
Cooling system
Water front features
Water front
Amenities
pool
fitness center
basketball court
tennis courts
pickleball courts
bocce courts
restaurant
beauty salon
spa
ice cream shop
butterfly gardens
walking paths
guard-gated
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Berkshire Hathaway FL Realty
(239) 390-4000
Listed By:
Kelley Short · License FL #249511259
(239) 250-6375
Added: Nov 10
Last Checked: Nov 10 at 12:06PM
MLS# 226037387
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.
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Investment Insights
Based on property information with market context.
This 2005 villa offers 1,520 square feet with two bedrooms, two bathrooms, an open den, and a two-car garage. Interior features include tile flooring, a vaulted ceiling, walk-in closets, and a kitchen with quartz counters and an island. A screened lanai faces the lake. Poured-concrete construction and accordion shutters, plus electric lanai shutters, are also included.
The property is within VillageWalk of Bonita, a guard-gated community with a Town Center offering pools, a fitness center, tennis and pickleball courts, and dining and personal-service businesses. The community also has walking paths, lakes, and connecting bridges. The home is in Bonita Springs, Florida, with access to the community’s golf-cart routes.
The property is within VillageWalk of Bonita, a guard-gated community with a Town Center offering pools, a fitness center, tennis and pickleball courts, and dining and personal-service businesses. The community also has walking paths, lakes, and connecting bridges. The home is in Bonita Springs, Florida, with access to the community’s golf-cart routes.
Key Highlights
- 1,520‑square‑foot villa with two bedrooms, two bathrooms, an open den, and a two‑car garage
- Screened lanai with lake views
- Poured‑concrete construction; built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,689
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,780
$353.8K
Cap Rate 7%
$252,700
$252.7K
Cap Rate 9%
$196,544
$196.5K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$33.9K $22.32/SF
− Vacancy
−$1.8K −$1.16/SF
EGI
$32.2K $21.16/SF
− OpEx
−$14.5K −$9.52/SF
NOI
$17.7K $11.64/SF
Area
Lee County, FL
Vacancy
5.20%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,780
Cap Rate 7%
$252,700
Cap Rate 9%
$196,544
Alternative Uses
Best Use
Apartment 5plus
$252.7K
$221.1K – $294.8K
NOI $17,689 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.4K
$418.6K – $558.2K
NOI $33,489 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
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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
$419,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Bonita Springs, FL
Properties on Market for Residential income properties in Bonita Springs
Frequently Asked Questions
What type of property is this?
Residential income property - A 1,520-square-foot villa pairs a screened lanai with lake views and access to community recreation.
Where is this residential income property located?
The property is located at 28199 Islet Trl Bonita Springs, FL.
What is the asking price?
The asking price for this property is $438,900.
What are key features of this property?
This property features: 1,520‑square‑foot villa with two bedrooms, two bathrooms, an open den, and a two‑car garage; Screened lanai with lake views; Poured‑concrete construction; built in 2005
