Set within the sought-after Masters Reserve neighborhood of Lely
Resort, this beautifully maintained three-bedroom, two-bath
residence offers the perfect blend of comfort, style and Southwest
Florida living. Set on a premier pie-shaped homesite with an
expansive long lake view, the property enjoys a unique sense of
privacy and an ever-changing backdrop of sparkling water and
colorful sunsets. From the moment you enter, you'll appreciate the
abundance of natural light that fills the home, creating a bright
and welcoming atmosphere throughout. Thoughtful updates and
timeless finishes complement the open floor plan, while custom
plantation shutters add elegance and functionality. New flooring
enhances the home's fresh, updated feel and provides a seamless
flow from room to room. The light and bright kitchen serves as the
centerpiece of the home, offering ample cabinetry, a generous
workspace and a comfortable setting for everything from casual
breakfasts to entertaining guests. The adjacent living and dining
areas are designed to take full advantage of the beautiful lake
views, bringing the outdoors in through large windows and sliding
glass doors. The spacious primary suite provides a relaxing
retreat, while two additional bedrooms offer flexibility for
guests, a home office or hobbies. Every space has been thoughtfully
designed to maximize comfort and livability. Go outside and
discover your own private oasis. The screened lanai and sparkling
swimming pool invite year-round enjoyment, whether you're taking a
refreshing swim, enjoying morning coffee overlooking the lake or
hosting friends and family. The oversized pie-shaped lot creates a
more open and expansive outdoor setting than many homes in the
community, enhancing both privacy and views. The home also features
valuable modern updates, including a new air-conditioning system
installed in 2022 and a Nest thermostat for convenient climate
control and energy efficiency. These improvements provide peace of
mind while allowing you to enjoy today's modern comforts. Ideally
located within Masters Reserve, residents enjoy a quiet,
beautifully maintained neighborhood while being just minutes from
shopping, dining, golf, beaches and all that Naples has to offer.
Homeowners have the option to join the Player's Club and access one
of the area's most desirable resort-style communities, known for
its lush landscaping, scenic lakes and exceptional lifestyle.
Whether you're seeking a full-time residence or a seasonal retreat,
this exceptional home combines desirable updates, breathtaking lake
views, abundant natural light and an outstanding location to create
an inviting Florida lifestyle.
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.
DO NOT MISS this opportunity to live in Masters Reserve one of the nicest, gated communities in award winning Lely Resort. The OVERSIZED LOT and Turnkey, 3-bedroom, 2 bath, 2 car garage, pool home allows for much more privacy and enjoyment. It has been renovated with too many upgrades to list them all, to start new refrigerator-new dishwasher, newer A/C 2022, newer tile plank flooring 2022, newer furnishings include sofa, pull out couch-bedroom sets with mattresses and dining room. A complete roof inspection was complete and upgraded 2022. Complete interior painted! Did I mention Nest Doorbell-Nest Thermostat-Nest fire detectors-Nest cameras outside and there is more. Sellers are at the top of the waiting list and have been approved to the Players Club and that position is transferable to the new owner. It is not mandatory. Now imagine having your coffee in the morning and watching the sunrise while sitting on your oversized lanai enjoying the peaceful surroundings and the long lake view. Your oversized pie shaped lot affords you more privacy and serenity. Masters Reserve has low HOA fee’s while the opportunity exists to enjoy the private Players Club & Spa. You also have 36 holes of public golf and are only 20 minutes away from downtown Naples shopping, dining and the beautiful beaches. Take advantage of this opportunity.
May 16, 2025
No longer available
-
No longer available
Feb 4, 2025
Price Decreased
$949,900
↓ $30K
(3.1%)
Price Decreased
Dec 13, 2024
Price Decreased
$979,900
↓ $20K
(2%)
Price Decreased
Apr 1, 2024
Listed by Premiere Plus Realty Company
$999,900
Listed by Premiere Plus Realty Company
Please do not be fooled by days on the market. We listed 4/1/24 when Lely Resort (summer time) almost becomes unpopulated. DO NOT MISS this opportunity to live in Masters Reserve one of the nicest, gated communities in award winning Lely Resort. The OVERSIZED LOT of this 3 bedroom, 2 bath, 2 car garage, pool home allows for much more privacy. It has been renovated with too many upgrades to list them all, to start: new refrigerator-new dishwasher, newer A/C 2022, newer tile plank flooring 2022, newer furnishings include sofa, pull out couch-bedroom sets with mattresses and dining room. A complete roof inspection was complete and upgraded 2022. Complete interior painted! Did I mention Nest Doorbell-Nest Thermostat-Nest fire detectors-Nest cameras outside and there is more. Sellers are at the top of the waiting list and have been approved to the Players Club and that position is transferable to the new owner. It is not mandatory.
Now imagine having your coffee in the morning and watching the sunrise while sitting on your oversized lanai enjoying the peaceful surroundings and the long lake view. Your oversized pie shaped lot affords you more privacy and serenity.
Masters Reserve has low HOA fee’s while the opportunity exists to enjoy the private Players Club & Spa. You also have 36 holes of public golf and are only 20 minutes away from downtown Naples shopping, dining and the beautiful beaches. Take advantage of this opportunity!!!!!
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