672 Fairway Terrace
About This Property
Built in 2012, this four bedroom, three and a half bath home enjoys desirable southern rear exposure and a thoughtfully designed open layout with a split bedroom floor plan, high ceilings, and abundant natural light.
Upon entry, the foyer opens to a spacious main living area highlighted by a triple tray ceiling and expansive sliding glass doors that transition effortlessly to the outdoor living space. The kitchen is both refined and functional, featuring rich wood cabinetry, granite countertops, tile flooring, and a pot filler that adds a subtle chef inspired touch. Adjacent to the kitchen, the dining area is enhanced by custom built ins and a well appointed wet bar, creating an ideal setting for entertaining.
The primary suite serves as a private retreat, complete with a separate sitting area and an elegant ensuite bath featuring dual vanities, a soaking tub, a walk in shower, and a separate water closet with bidet. Three additional guest bedrooms are generously sized and thoughtfully detailed, including one with built in shelving for added flexibility.
Outdoor living is where this home truly shines. The fully screened lanai features a heated pool with sunshelf and spa, an outdoor shower, and a dedicated pool bath for added convenience. The outdoor kitchen is designed for entertaining, complete with a built in Weber grill, brick pizza oven, refrigerator, ice maker, sink and granite countertops. A charming outdoor fireplace completes the space, creating a comfortable setting for both daytime relaxation and evening gatherings.
Additional features include crown molding throughout, plantation shutters, tile flooring, and a spacious two car garage complemented by a circular driveway providing ample parking. Ideally located just minutes from Fifth Avenue South, this property is eligible for private Moorings Beach Park access and delivers a refined indoor/outdoor lifestyle within walking distance to the beach in one of Naples' most sought after locations.
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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.
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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 Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017