PRICE ADJUSTMENT OF 30,000 TO 720,000 Beautifully remodeled
residence outstanding floor plan has been reimagined to include a
third bedroom. The residence is situated in the much sought after
Woodland's neighborhood in Kings Lake, on the preserve. The
Woodlands consist of 45 custom homes, just minutes away from
Downtown Naples, 5th Ave South and Naples Pristine Beaches. The
homes remodel was inspired by Julian's Interiors of Marco Island
and features an impressive great room floor plan with an abundance
of oversized windows and sliding glass doors. The vaulted
ceilings, with magnificent 8ft. deep skylights flood the living
space with natural light. The kitchen is a masterpiece of
functionality and style with huge island at its center, perfect for
entertaining. The cabinetry is of the highest quality with high end
GE stainless steel appliances, deep quartz countertops and under
cabinet lighting. There are two large, luxurious updated
master suites, each with oversized walk-in closets. In addition,
there is a third bedroom. Marble effect polished concrete flooring
runs seamlessly throughout the living area of the house. The
upgraded lighting incorporates accent lighting in each skylight
recess and the floor level in key areas. There are new 7"
baseboards throughout, striking millwork, a new impact resistant
slider to the front of the house (2026), a new roof 2020 along with
many other upgrades. The Sliders and French doors to the rear
of the house open onto the oversized travertine tiled lanai which
is perfect for relaxing and enjoying the Sunny Southern Exposure.
The secluded garden leads directly to the Woodlands Heated
Community Pool, a tranquil oasis enclosed by tropical plants and
trees, just steps from the house. Residents of Kings Lake
enjoy access to
beautiful lakes, great walking, jogging and cycling paths, a
tennis/pickleball court and mature landscaping. The location
offers quick access to Publix Shopping Center, several popular
restaurants and many other 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.
A wonderful home with outstanding location in THE WOODLANDS AT KINGS LAKE, on the preserve, just steps away from the community pool. The Woodlands consist of 45 custom homes in the heart of Kings Lake just minutes away from Downtown Naples, 5th Ave South & Naples Wonderful Public Beaches. 2293 Royal Ln is a charming home. The remodel was inspired by Julians Interiors of Marco Island and features an impressive great room floor plan, sunny southern exposure, abundance of oversized windows, sliding glass doors, French doors, magnificent 8ft deep skylights, generously sized rooms. There are two master suites, oversized screened lanai. The custom-built kitchen has European solid wood cabinets and deep, quartz countertops. A new roof was added in 2020. Throughout the home you find upgraded lighting, wonderful millwork and 7-inch baseboards. The concrete flooring throughout the main living area is acid-stained and polished. These are just a few of the many upgrades you will find in this home. It is a delightful home where you can enjoy a relaxed Florida Lifestyle!
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