3092 Terramar Drive
About This Property
Step into timeless elegance with this exquisitely renovated home in Olde Cypress Country Club, featuring luxury upgrades inside and out. This move-in-ready masterpiece offers seamless indoor-outdoor living, with a private courtyard, resort-style pool, and breathtaking lake-to-golf course views from the south-facing lanai.
Recent Upgrades & Features:
New Roof & Gutters (2023-2024) by Kelly Roofing
Completely Remodeled Master Bath & Casita Bath (2024)
New NuCore Waterproof "Wood" Flooring Throughout (2024)
New Quartz Kitchen Countertops & Island (2024)
Outdoor Kitchen & Travertine Pool Deck (2023)
Refinished Pool & New Pool Equipment (2022-2024)
New High-End Wolf Oven & Microwave (2023)
New AC Unit for Casita (2023)
Fresh Interior & Exterior Paint (2023-2024)
Designer Lighting, New Fans, Plantation Shutters & More
The gourmet kitchen boasts a spacious center island, Sub-Zero refrigerator, induction cooktop, and designer pendant lighting. The private master retreat features stunning lake views, a luxurious walk-in shower, and his-and-hers custom closets. Two guest suites open to the courtyard and pool, while the detached cabana offers a private entrance, living room, bedroom, and bath-ideal for guests or an in-law suite.
Enjoy Naples' premier gated golf community with a P.B. Dye-designed championship course, resort-style clubhouse, dining, fitness center, Har-Tru tennis courts, and social events. Golf membership is optional; a social membership is required.
This is the ultimate Naples luxury lifestyle-schedule your private showing today!
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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 |
|---|---|---|---|
| Apr 14, 2025 | Sold | ||
| Sold | |||
| Mar 14, 2025 | In contract | - | |
| In contract | |||
| Mar 8, 2025 | Price Decreased |
$2,075,000
↓ $115K
(5.3%) | |
| Price Decreased | |||
| Feb 10, 2025 | Listed by MDM Naples Real Estate LLC | $2,190,000 | |
| Listed by MDM Naples Real Estate LLC | |||
| May 25, 2022 | Sold | ||
| Sold | |||
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About Urban Estates
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Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 225014857
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