17
Map
$695,000
↓ $55K (7.3%)
●
House -
For Sale
394 Bay Meadows Drive
Naples, FL 34113
3 Beds
2 Baths
2,076 Ft²
$3,768
Est. Monthly
$8
HOA / Fees
About This Property
Ideally situated in the desirable Forest Hills neighborhood of Lely
Golf Estates, this inviting three-bedroom, two-bath residence is
filled with natural light and offers a relaxed Naples lifestyle
with a private pool and generous outdoor living space. Designed to
embrace Florida's year-round sunshine, the home opens to a spacious
screened lanai and pool area, creating an ideal setting for
entertaining, dining alfresco, or simply unwinding in the privacy
of your own backyard retreat. Impact-resistant windows provide
added peace of mind, while the roof, replaced in 2018, adds to the
home's appeal. The comfortable three-bedroom floor plan offers
flexibility for family and guests, complemented by two full baths
and light-filled living spaces. Set within the established Lely
Golf Estates community, this residence offers an exceptional
opportunity to enjoy poolside living in a convenient Naples
location with easy access to shopping, dining, golf and the area's
renowned Gulf beaches.
Unit Size
2,076 Ft²
Days on Market
44 days
Land Size
0.28 acres
Price per sqft
$335
Property Type
House
Property Taxes
$347
HOA Dues
$8
Year Built
1978
Listed By
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 12 days ago ( #226033798)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2026 | Price Decreased |
$695,000
↓ $55K
(7.3%) | |
| Price Decreased | |||
| Sep 26, 2026 | Listed by John R Wood Properties | $750,000 | |
| Listed by John R Wood Properties | |||
| Dec 13, 1993 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage, Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Built-in Features, LivingDiningRoom, ShowerOnly, SeparateShower, CableTv, SplitBedrooms
Appliances: Dryer, Dishwasher, Electric Cooktop, Freezer, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
Flooring Type: Carpet, Tile
Laundry Features: Washer Hookup, Inside, DryerHookup
Exterior Details
Square Footage: 2076
Square Footage Source: $0
Security Features: Security System, Smoke Detector(s)
Property Condition: Resale
Architectural Style: Ranch, OneStory
Year Built: 1978
Waterfront Features: None
Building Area Total: 2495
Window Features: Shutters, SingleHung, Sliding, ImpactGlass
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Patio
Pool Features: Heated, In Ground, Screen Enclosure, Solar Heat, Concrete, PoolEquipment
Pool is Private
Lot Features: Rectangular Lot, SprinklersAutomatic
Lot Size Area: 0.28
Lot Size Units: Acres
Lot Size Acres: 0.28
Lot Size Square Feet: 12196.8
Lot Size Dimensions: 93 x 121 x 85 x 157
Tax Lot: 3
Water Source: Public
Financial Details
Tax Annual Amount: $4,164
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None
HOA/Condo/Coop Amenities: None
Condo/Coop Fee: $100
Condo/Coop Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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