63 Burning Tree Drive
About This Property
This home comes fully equipped with recent upgrades, including new quartz countertops (2024), all-new HVAC and AC ductwork (2022), a new pool and spa heater (2023), a new pool pump (2021), and durable PVC plumbing (replacing cast iron in 2020). A new water heater (2022), hurricane impact-resistant windows and doors, and SMART home technology-including WiFi-enabled controls for the door lock, garage door, thermostat, and pool/spa-add to the appeal and convenience. Imagine spending mornings by the pool or taking a quick drive to Naples' beautiful beaches to soak in the Gulf Coast lifestyle. For golf enthusiasts, an optional golf membership lets you enjoy the game on your own terms, with no mandatory fees.
This home is perfect for families who will appreciate the extra space, privacy, and proximity to schools and parks, while retirees can enjoy a low-maintenance home with relaxing poolside living. Investors will find the NO HOA regulations ideal for short-term rentals or seasonal stays, and remote workers will appreciate the modern SMART home features for a balanced, tranquil work-life environment. APPRAISED ABOVE LIST PRICE in May 2024, this home offers immediate equity and peace of mind. Not only was the entire home inspected after Hurricane Ian, with no flood issues, but this property has NEVER FLOODED. The inspection report is available upon request.
Whether you're searching for a forever home, a vacation retreat, or an investment opportunity, this property is truly a rare find in Naples. Don't miss your chance to live the Florida lifestyle to the fullest!
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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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Nov 12, 2024 | Listed by Premiere Plus Realty Company | $1,090,000 | |
| Listed by Premiere Plus Realty Company | |||
| May 29, 2024 | No longer available | - | |
| No longer available | |||
| May 16, 2024 | Price Decreased |
$1,139,999
↓ $10K
(0.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017