Season's over? Not so fast, we've saved the best for last in
Pelican Bay. This hidden gem is pet-friendly, close to the beach
and the Pelican Bay upgrade for buyers who want more space. If
you've been waiting for a move-in-ready home with exceptional
storage and zero projects, this expanded and rebuilt villa is the
one to see. Reimagined in 2019 through deconstruction, a 10-foot
expansion and a full rebuild, this home offers upgrades galore with
four bedrooms, 4.5 baths and the rare single-family feel in a villa
lifestyle. Inside, the look is crisp, current and elevated, with
wood floors, a luxury kitchen with Thermador and Wolf appliances,
large walk-in pantry, whole-house water filtration system, custom
closets and convenience with Control4 smart home system. The open
layout is made for entertaining, while the bedroom and bath setup
delivers privacy for guests and multi-generational stays.
Resiliency features include all impact windows and doors, a newer
roof and air conditioners and an approximate 12-foot elevation. Go
outside to a rebuilt saltwater pool and travertine deck with an
added pool bath, plus a quiet, wider cul-de-sac lot that creates a
more private, tucked-away feel. Pelican Bay is the ultimate outdoor
lifestyle address on the Naples coast with biking, tennis, fitness,
and beach days made effortless with chair and umbrella service. All
within a short bike ride of Waterside Shops and Artis. A
sophisticated, private enclave with an attractive price per foot
for buyers who want Pelican Bay living with more room to breathe.
Unit Size
3,491 Ft²
Days on Market
175 days
Land Size
0.27 acres
Price per sqft
$1,002
Property Type
House
Property Taxes
$1,018
HOA Dues
$2,662
Year Built
1987
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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