Discover luxury living at 231 Harbour Drive in this completely
remodeled, three-story waterfront villa on Moorings Bay. Located
just minutes from Gulf Shore Blvd's beaches and the exclusive
Moorings residents' private beach park, this exceptional tri-level
townhome is part of an intimate, gated community with only eight
residences. A gated entrance leads to a paved motor court accented
with elegant fountain & landscaping. Inside, the grand entryway
with a custom staircase sets a sophisticated tone. The ground level
offers a welcoming living space with a custom wet bar, laundry
room, and guest bedroom or den with an en-suite bath. This level
opens to the summer kitchen, pool and spa area. On the main
floor, a fully remodeled chef's kitchen features a Wolf gas range,
SUBZERO side by side refrigerator, island, breakfast bar, open
display shelves, walk-in pantry, and custom cabinetry. The family
room and dining area open to a spacious, covered lanai on the
second level, creating a seamless flow for indoor-outdoor living.
Custom feature wall with a fireplace, a TV area, and an additional
bar makes this level perfect for entertaining. A luxurious guest
suite with a walk-in closet and en-suite bath also graces this
floor. The top level is dedicated to the owner's suite, featuring a
seating area, built-in desk/vanity, window seat, and abundant
natural light, creating an ideal reading nook. The spa-like
bathroom offers a double vanity, floating soaking tub, and seamless
glass-enclosed shower. An additional guest suite on this level
provides an inviting space for family or friends. Throughout the
home, shell-stone marble flooring and hardwood flooring adds a
touch of elegance, while expansive wrap-around water views capture
both sunrise and sunset views. The property includes a
private 42' boat slip for jet skis or kayaks, a two-car garage,
all-on/off lighting system, and "lock-and-leave" convenience. With
close proximity to Moorings Golf & Country Club, Venetian Village
shops, and Naples' beautiful beaches, this villa offers the
security and ease of a private retreat in Vista Royale.
Unit Size
3,977 Ft²
Days on Market
70 days
Land Size
0.06 acres
Price per sqft
$1,320
Property Type
Condo
Property Taxes
$2,267
HOA Dues
$9,088
Year Built
2007
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
Parking Features: Attached, Driveway, Garage, Paved, Garage Door Opener
Garage Spaces: 2
Garage Spaces: 2
Covered Spaces: 2
Has Attached Garage: Yes
Interior Details
Bedrooms: 4
Full Bathrooms: 4
Half Bathrooms: 1
Levels: Two
Interior Features: Built In Features, Bedroom On Main Level, Bathtub, Tray Ceilings, Dual Sinks, Entrance Foyer, Eat In Kitchen, Fireplace, Kitchen Island, Living Dining Room, Pantry, Sitting Area In Primary, Separate Shower, Cable Tv, Upper Level Primary, Bar, Walk In Closets, Elevator, High Speed Internet, Split Bedrooms
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