What if one of North Naples best kept lifestyle secrets has been
hiding in plain sight? Set against a serene preserve backdrop
in the gated enclave of Raffia Preserve, this WCI-built Pelican
residence offers the largest Executive floor plan in the
boutiquecommunity and a rare six-bedroom design. Spanning 3,604 sq.
ft. with 4 full baths and a private pool and spa, this home
reflects more than $248,000 in seller-reported improvements. The
extended driveway provides ample parking for family & guests.
Refined details greet you at the entry, where a custom foyer and
staircase with elegant millwork give way to 10-inch crown molding
downstairs, 8-inch crown molding upstairs, contrast-painted black
interior doors, and fresh interior paint. Anchoring the 18'8" x
24'5" great room, a floor-to-ceiling marble-like porcelain tile
entertainment wall with an electric fireplace pairs beautifully
with custom ceiling beam work. Upgraded countertops, a paneled
island, a walk-in pantry, butlers prep area, & a new faucet
complete the kitchen, which flows gracefully into the dining area
and out to the screened lanai. On the main level, a bedroom with an
en-suite bath is ideally suited to a home office or in-law
accommodation - complete w/a Murphy bed & shelving. Upstairs, an
open loft connects the bedroom wings, while a second loft (closed
in for privacy), creates a quiet setting for a game room, playroom,
home gym or 6th bedroom. Retreat to the primary suite, where a
sitting area is bathed in natural light and the bath offers a
separate tub and shower with frameless glass. A fifth bedroom is
currently set up as an office with a closet, and a 10'10" x 6'6"
laundry room adds everyday ease. Luxury vinyl plank flooring
extends across the upper level and staircase. Impact windows and
doors, a Generac whole-house generator with an 800 lb propane tank,
a new upstairs A/C (2025) with a 10-year warranty, a new water
heater, whole-home water filtration, UV lights on both A/C systems,
& new smoke detectors provide lasting peace of mind. Beyond the
sliders, a SOUTHERN exposure screened pool & spa, rescreened in
2025, sit within roughly $25,000 of lush privacy landscaping, and
the exterior was freshly repainted in 2026. Encompassing 184 acres
with 72 acres of preserve and 13 lakes, Raffia Preserve offers a
resort-style zero-entry pool with lap lanes, a clubhouse, an
approximately 2,000-square-foot fitness center, a basketball court,
and a playground. Peaceful doesn't mean remote. North Naples best
shopping, dining & everyday conveniences are just minutes away.
Within an A-rated school district, this home is just minutes from
Galleria Shoppes at Vanderbilt, Founders Square, Pebblebrooke
Plaza, NCH, and Physicians Regional Medical Center, with Vanderbilt
Beach about 8 miles away. Quiet is becoming a luxury - The
location is as smart as it is serene.
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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