This magnificent Gulf access waterfront home has been renovated and
updated to like new status - kitchen, metal roof, bathrooms,
flooring, pool and spa resurfacing, paint inside and out, garage
doors, landscaping and lighting - all done! Almost 3700 sq. ft.
under air, with the owner's suite on the first floor, a bedroom
with ensuite bath and balcony on the second level, and two more
bedrooms with a balcony on the third level and a breakfast bar,
giving everyone their private space. Entering the foyer, you will
be impressed by the sense of openness and luxury, the high tray
ceilings, and views to the huge lanai, pool, and your dock beyond
on the wide canal. Like new chef's kitchen with gas cooktop, custom
cabinets, stainless KitchenAid appliances, and beautiful Pompeii
Quartz countertops throughout the home. The owners suite, living
area, family room and den/office all have water views, and the
corner sliders open up for indoor/outdoor living. A 13000 pound
lift with a new cover is ready for your boat, and the dock also has
a jet ski lift and underwater lighting. Full hurricane protection
with impact windows and electric roll down shutters. This home has
been lightly used and perfectly maintained by the owner. Minutes to
the Mercato and beaches, convenient to downtown Olde Naples. Less
than 2 miles by boat to Wiggins Pass and the open ocean. Come see
this home and you will fall in love.
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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