2313 Butterfly Palm Drive
About This Property
Upon entry, you will love the soaring ceilings with arches, plant shelves and expansive windows. Looking from the open concept kitchen and family room, you will see the beautiful sparkling 2-year old salt water heated pool and spa with 20/20 mesh screen and travertine flooring overlooking a tree lined protected preserve. Can you hear the birds? The updated kitchen with fingerprint resistant stainless steel appliances offers granite countertops, a separate pantry and a delightful breakfast bar area overlooking the pool.
The spacious formal dining room allows for large family gatherings, ample wall space for your favorite art work, and is open to a gracious and bright living room. All bedrooms have hardwood floors, the remaining rooms are tiled. The owners did not occupy the home full time for a number of years after purchasing thus limiting the usage of mechanicals etc. It is so immaculate that you could think it was never lived in. The spacious master bedroom is enhanced with a tray ceiling, two walk in closets, an en-suite updated bathroom with double sinks, an oversized soaking tub and beautifully tiled walk in shower. Note the large windows in both guest bedrooms offering an abundance of light.The guest bath situated between the two guest rooms was recently and beautifully renovated. The laundry room includes a sink, washer, dryer, cabinetry for storage, and door to the 2-car garage. Across the street are 4 clay tennis courts, a playground, and half court basketball. Amenities also include a lap pool, Olympic size pool. toddler pool, updated gym, java house, card/game room, billiards room, ballroom, sauna, and a dance studio. Saturnia emits the feeling of a resort but without the high fees. The "passive park" has a path where children can walk to a very highly rated high school. All this within a very convenient and desired location in North Naples only a few minutes to highway 75, beaches , shopping and restaurants galore. HOA fees cover: all amenities, 5g Internet, cable TV; security alarm; lawn mowing; pruning w/ pest control; guarded gate & side gated entry for residents only.
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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%.
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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 |
|---|---|---|---|
| May 22, 2025 | Sold | ||
| Sold | |||
| Apr 19, 2025 | In contract | - | |
| In contract | |||
| Mar 19, 2025 | Price Decreased |
$744,900
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Feb 25, 2025 | Price Decreased |
$755,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Jan 25, 2025 | Listed by Premiere Plus Realty Company | $765,000 | |
| Listed by Premiere Plus Realty Company | |||
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About Urban Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017