402 Germain Avenue
About This Property
This stunning property offers a large deck, pool, jacuzzi, firepit, BBQ, gazebo, and breathtaking sunsets. Privacy is paramount, and every aspect of this home has been meticulously updated, with everything new or less than 5 years old. Featuring 4 bedrooms and 4 baths, including 2 Primary suites, this home offers ample space and luxury. Just minutes from the Gulf of Mexico, it provides endless entertainment opportunities. Enjoy water activities such as parasailing, diving, fishing, and snorkeling, all with the convenience of Southern exposures, a deep canal, and a short walk to the pristine white sugar sand beaches.
This location offers something for all ages, including golf, tennis, pickleball, gyms, and bike rentals. Explore the hottest shopping area in Naples-Mercato-and enjoy the convenience of Whole Foods. With over 100 restaurants within a 2-mile radius, you'll never run out of dining options. Naples and Ft. Myers airports are less than 15 minutes away, making travel a breeze.
The 2,221 square feet of this completely renovated home feature a custom kitchen with high-end granite countertops that can seat over 10. The split design ensures privacy, complemented by a large 2-car garage. Additional features include a 1,000-gallon inground propane tank for the pool heater, a whole-house generator, BBQ, fire pit, state-of-the-art appliances, solar panels, solid brick facade, hurricane-proof construction, full exterior surveillance system, new seawall, spare freezer, and more. This is a must-see, one-of-a-kind property.
Preliminary plans are available to add a 1,200 square foot second floor or to expand up to 8,000 square feet with up to 8 bedrooms and baths, creating a gigantic entertainment paradise.
This residence is a remarkable piece of paradise in Naples, FL.
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2024 | Sold | ||
| Sold | |||
| Aug 31, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by Coastal Intl Properties LLC | $2,475,000 | |
| Listed by Coastal Intl Properties LLC | |||
| May 29, 2024 | No longer available | - | |
| No longer available | |||
| Mar 4, 2024 | Price Decreased |
$3,199,000
↓ $401K
(11.1%) | |
| Price Decreased | |||
Property Highlights
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About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017