1825 Princess Court
About This Property
This expansive property offers a rare opportunity in North Naples' prestigious Imperial Golf Estates. Nestled on over half an acre, this mid-century modern gem, inspired by Frank Lloyd Wright, invites visionaries to restore its charm or re-imagine it completely with a new build. The possibilities are endless!
The property boasts a spacious U-shaped paver driveway, mature landscaping, and ample room for a custom pool. Inside, you'll find a sunken living room with a unique fireplace that's perfect for entertaining. While the home requires extensive renovations, its potential will spark the creativity of anyone looking to craft something special.
Alternatively, view this as the perfect lot for a new construction, allowing you to design your dream home in one of Naples' most sought-after communities. Imperial Golf Estates spans over 400 acres with walking trails, natural preserves, parks, and a scenic cove. Plus, optional club memberships offer access to social events or full golf privileges at the clubhouse. Whether you're a renovator or a dream-home builder, this property offers a canvas for your next masterpiece!
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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 |
|---|---|---|---|
| Nov 27, 2024 | Sold | ||
| Sold | |||
| Oct 20, 2024 | In contract | - | |
| In contract | |||
| Aug 22, 2024 | Listed by William Raveis Real Estate | $620,000 | |
| Listed by William Raveis Real Estate | |||
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About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017