Luxury meets modern comfort in this upgraded residence in the
sought-after Esplanade by the Islands community in Naples. Offering
three bedrooms plus a den, three full baths and a two-car garage,
this move-in-ready home showcases bright natural lighting
throughout, elegant finishes, and seamless indoor-outdoor living
designed for the Florida lifestyle. This desirable floor plan
stands out with enhanced upgrades and thoughtfully designed living
spaces rarely found in other layouts in the community. Best of all,
the property is in a zone where flood insurance is not needed,
offering additional peace of mind. Designed with comfort and
entertaining in mind, the open-concept floor plan features tile and
laminate flooring throughout the main living spaces, creating a
clean and sophisticated feel. The expansive living and dining areas
are filled with natural light, enhancing the airy ambiance and
flowing effortlessly to the screened, covered lanai. Upgraded
picture-frame screen enclosure showcases unobstructed lake views,
while the west-facing lanai captures stunning Naples sunsets
year-round. An outdoor kitchen hookup makes it ideal for
entertaining or relaxing. Impact doors and windows provide storm
protection and peace of mind, and a Vitex Smart Home Security
system adds modern convenience and security. The kitchen features
custom cabinetry, recessed lighting, a pantry and an oversized
quartz island. Upgraded GE Cafe Series appliances, including wall
oven, gas cooktop, dishwasher, and refrigerator/freezer, offer
luxury and function. A coffee and wine station with glass-inlay
cabinetry and a mini beverage refrigerator adds an elevated touch.
The kitchen flows seamlessly into the dining and living areas,
enhancing the open layout. The primary suite serves as a peaceful
retreat featuring laminate flooring and natural light. The
luxurious en-suite bath includes dual sinks, an oversized walk-in
glass shower, an enclosed toilet and a spacious walk-in closet. One
guest bedroom offers laminate flooring and a private en-suite bath
with a glass walk-in shower, providing comfort and privacy for
visitors. The additional guest bedroom also features laminate
flooring and is conveniently near the hallway guest bath with a
shower/tub combination. A versatile den adds flexibility for a home
office, media room or additional guest space. The laundry room is
equipped with Samsung washer and dryer for added convenience.
Additional upgrades include a two-car garage with professionally
finished epoxy flooring, adding durability, and a clean, polished
finish to the home's overall presentation. In Esplanade by the
Islands, residents enjoy resort-style amenities including dining,
fitness, tennis, pickleball, bocce, walking trails, spa services
and a new Culinary Center under construction. Ideally near Naples
and Marco Island shopping, dining, entertainment and Gulf beaches,
this home offers luxury, lifestyle and convenience.
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.
HOA/Condo/Coop Amenities: Clubhouse, Dog Park, Fitness Center, Pool, Spa/Hot Tub, Tennis Court(s), Trail(s), Management, BocceCourt, Pickleball, Restaurant, SeeRemarks
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