Welcome to 245 Monterey Drive, a beautifully renovated residence
where timeless elegance meets modern luxury in the highly
sought-after Valley Oak neighborhood of the Vineyards. Perfectly
positioned on a private golf course homesite, this exceptional home
captures breathtaking sunset views and offers over 2,600 square
feet of thoughtfully designed living space with three bedrooms and
two beautifully updated baths. Designed for effortless
entertaining, the open-concept floor plan centers around an
impressive oversized kitchen island, creating the perfect gathering
space for family and friends. The chef's kitchen is appointed with
premium LG appliances, a double oven, induction cooktop, two
beverage refrigerators, and abundant workspace, seamlessly flowing
into the spacious living and dining areas. Bluetooth-enabled
built-in speakers, smart lighting, and designer finishes elevate
everyday living.The luxurious primary and guest baths have been
renovated with stunning marble finishes, while updated landscaping
and carefully curated design details create a refined,
move-in-ready home. Outdoor living is equally impressive with a
renovated pool and spa with LED lighting feature, leathered marble
pool deck, 2021 aluminum picture-screen pool enclosure, outdoor
shower and expansive lanai overlooking the golf course-an idyllic
setting for enjoying Southwest Florida's spectacular sunsets.
Gemstone permanent exterior lighting, sophisticated landscaping, a
freshly painted exterior and oversized lantern style lighting adds
year-round curb appeal. The stately circular driveway, expansive
private homesite, and impact-resistant doors and windows provide
both beauty and peace of mind. Recent updates include a metal roof
(2022), A/C (2021), pool heater (2020), water heater (2024), and
numerous additional improvements that make this home truly move in
ready. Located within an A-rated school district, the Vineyards is
one of Naples' most desirable communities, offering an unbeatable
central location with convenient access to I-75, world-class
dining, shopping, healthcare, and everything Naples has to offer.
Luxury, style, and exceptional craftsmanship come together in this
remarkable golf course residence.
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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