Welcome to 4775 Europa Dr, a fully remodeled 3 bedroom, 2.5 bath
residence offering nearly 1,900 square feet in Corinthian Gardens
at World Tennis Center. Situated on an oversized corner cul-de-sac
lot with lake views, this home combines a thoughtful top-to-bottom
renovation with one of Central Naples' most desirable settings.
Inside, vaulted ceilings and modern tile flooring throughout create
a bright, open feel, complemented by new lighting in every room.
The kitchen features all new appliances and a cooktop vented to the
exterior, and a new washer and dryer are included. Recent
improvements extend well beyond the finishes, including impact
windows, a newer roof, whole house replumbing with new valves, new
HVAC ductwork on the main level, and a dehumidification system with
fresh air intake that draws outside air for improved indoor air
quality. Residents of World Tennis Center enjoy a resort lifestyle
with 14 tennis courts, 4 pickleball courts, two pools, an outdoor
whirlpool, a cafe, pro shop, locker rooms, meeting and social
rooms, and a common guest unit for visiting friends and family.
Located on Airport Pulling Road just south of Pine Ridge Road, this
Central Naples address offers convenient access to the Gulf
beaches, shopping at Mercato and Waterside Shops, and the dining
and entertainment of 5th Avenue South.
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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