Spectacular panoramic double-fairway lush golf course views set the
stage for this exceptional, impeccably maintained estate, ideally
on an expansive 0.68-acre homesite along the third and fourth holes
of the Estuary at Grey Oaks golf course. Encompassing 6,170 square
feet of luxurious living space, this custom residence offers the
ease of single-level living with five bedrooms, five full baths,
two half baths, a private wood-paneled study with coffered ceiling,
and a dedicated exercise/bonus room. At the heart of the home, the
gracious living room features a gas fireplace and three expansive
picture windows that ideally frame the pool and golf course views.
An elegant formal dining room, a temperature-controlled
1,100-bottle wine cellar, a grand family room with soaring vaulted
ceilings and custom-crafted wood entertainment center further
enhance the home's refined character. Designed to impress,
the gourmet kitchen opens seamlessly to the family room and is
exceptionally appointed with a double-island layout, two full-size
Sub-Zero refrigerators and four freezer drawers, a Viking
six-burner range, additional Viking wall oven, Viking warming
drawer and dual Asko dishwashers, ideal for entertaining on any
scale. Indoor and outdoor living blend effortlessly through three
sets of French doors leading to the expansive screened lanai. This
resort-style outdoor space features a tongue-and-groove coffered
ceiling, outdoor kitchen and bar, and dual televisions. An
oversized heated pool with elevated spa also awaits with sweeping
golf course views. Privately situated, the luxurious primary suite
serves as a tranquil retreat with soaring ceilings and spectacular
double-fairway views through the large bay window. The spa-inspired
bath offers dual vanities, custom walk-in closets, showers and dual
water closets plus an expansive soaking tub. Additional highlights
include an attached three-car garage, a newly installed whole-home
Kohler generator, whole-home lighting, security and sound systems,
impact-resistant windows and doors throughout, and a recently
installed roof. Within the prestigious Grey Oaks community, this
remarkable residence offers an unparalleled lifestyle just minutes
from Naples world-class shopping, fine dining and pristine Gulf
beaches. Homeowners are eligible to join Grey Oaks as provisional
golf members, providing immediate access to golf during the season
as well as the club's exceptional lifestyle amenities.
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.
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