Experience refined Naples living in this stunning and fully
renovated southern-exposure residence on a quiet cul-de-sac street
in highly sought-after Monterey. Thoughtfully redesigned inside and
out, this exceptional home showcases an open-concept floor plan,
premium finishes, thoughtful upgrades and resort-style outdoor
living. At the heart of the home is a spectacular white chef's
kitchen featuring a massive quartz island, wall oven with warming
drawer, Sub-Zero refrigerator, induction cooktop, spice drawer,
Vinebox 129-bottle wine refrigerator, designer backsplash and an
impressive custom lighting package. Highlights include impact
windows, sliding doors, a garage door, a new roof (2024), 12-foot
ceilings, 8-foot shaker interior doors, two tankless hot water
heaters, a large circular driveway, a gas fireplace and built-in
grill, well irrigation and an air-conditioned garage with epoxy
flooring and custom cabinetry, reflecting the meticulous care and
move-in-ready condition of this exceptional property. The luxurious
owner's suite offers a spa-inspired retreat with an expansive
walk-in shower. A generously sized second guest suite also features
a walk-in closet, while the third bedroom includes an adjoining den
and direct access to the pool area. The beautifully reimagined
outdoor living space is designed for entertaining and relaxation,
featuring a stunning stone pool deck, saltwater pool, spillover spa
with stone backdrop, glass accent details, multiple covered and
sun-filled lounging areas and a signature outdoor kitchen with a
Blaze grill, two Thor drink coolers and a large bar area accented
by striking designer tile. The private backyard is truly one of a
kind, enhanced by lush tropical landscaping, a large paver patio
with a firepit and a charming turfed lawn area. Monterey residents
enjoy a premier Naples lifestyle just minutes from the Gulf's
white-sand beaches and the upscale shopping and dining destinations
of Mercato and Waterside Shops. Community amenities include a
24-hour guard-gated entrance, a renovated clubhouse, a
state-of-the-art fitness center, heated lap pool, Har-Tru tennis
courts with professional instruction, pickleball courts and more.
With lower HOA fees, a full complement of amenities and a location
within an A-rated school district and close to top private schools,
Monterey remains one of Naples' desirable communities. This
exceptional home presents a rare opportunity to own a beautifully
renovated luxury residence offering modern sophistication,
outstanding amenities and an unbeatable location.
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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