Discover a hidden gem tucked away in a quiet, peaceful enclave of
the desirable Royal Harbor area. Located minutes from downtown
Naples, the vibrant Bayshore Arts District, and Naples' renowned
Gulf beaches. Offering the privacy and feel of a single-family
home, this detached two-bedroom, two-bath condominium features four
exterior walls, abundant windows, and an impressive amount of
natural light. The beautifully remodeled kitchen features crisp
white shaker cabinetry, granite countertops, a glass tile
backsplash, stainless steel appliances, and a convenient breakfast
bar. Tile flooring flows throughout the residence, while plantation
shutters and custom window treatments add a refined finishing
touch. Step outside to the spacious lanai overlooking the tranquil
lake, where spectacular sunset views create the perfect backdrop
for relaxing or entertaining. Impact-resistant windows and electric
roll-down shutters provide added convenience and peace of mind.
Gardening enthusiasts will appreciate the private courtyard and the
opportunity to create their own colorful garden retreat. The
meticulously maintained grounds of Royal Arms provide a welcoming
setting, while residents enjoy an array of amenities including a
heated community pool, tennis, pickleball, shuffleboard, a gas
grilling area, and two EV charging stations. This unit experienced
no flooding during Hurricanes Ian, Milton, or Helene. With its
unique detached design, beautiful lake views, thoughtful updates,
and exceptional location close to everything Naples has to offer,
this inviting residence is a truly special find!
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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