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5000 Groveland Terrace
About This Property
The home is positioned to capture serene views of the lake and the green of the 14th hole on the Preserve Course, offering a stunning backdrop from morning to sunset. At the heart of the property is a beautiful courtyard pool surrounded by an inviting outdoor living area. With a fully equipped outdoor kitchen, this space is ideal for private relaxation or hosting unforgettable gatherings, creating a seamless indoor-outdoor lifestyle. In addition, the rear side of the house is an enclosed lanai, providing exceptional screened living options. For those looking to build extra bedrooms or garage bays, utilize the ample space on the WNW side of the property to round out your Naples Estate.
Inside, the home features bright, open living areas with abundant natural light. The primary suite has been thoughtfully renovated, providing a modern, tranquil retreat. A custom office offers a refined and functional workspace. Upgrades include solar panels, resurfaced pool, new AC units, pool pump & heater, kitchen appliances, exterior lighting, and updated bathrooms, enhance efficiency, comfort, and long-term peace of mind.
With its premium cul-de-sac setting, breathtaking golf and lake views, extensive renovations, and the high-value Quail West golf membership ready to transfer, this property stands out as a rare opportunity to secure both luxury and exceptional value in one of Naples' most prestigious communities."
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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%.
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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.
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About Urban Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017