Become a Florida Resident today. This rarely available Augusta II
floor plan, pool home in Lely Resort's Master's Reserve! This
3BR/2BA, 2-car garage home is offered fully furnished and includes
immediate Players Club & Spa membership with no waiting. Situated
on an oversized, private 184-ft-deep pie-shaped lot, the home
features lush tropical views, a spacious lanai, and a large
free-form pool perfect for relaxing or entertaining. Just under
3,000 sq ft under roof with approximately 2,000 sq ft of living
space, vaulted ceilings, spacious primary suite with two walk-in
closets, dual vanities, and soaking tub. Guest bedrooms include a
king bed and two extra-long twins that convert to a king. The
garage offers floor-to-ceiling storage. This home is easy to
maintain; your lawn care is included. Located in an X zone, no
flood insurance is required, and the home comes equipped with
Roll-down storm shutters outside and Bahama decorative
shutters inside. Investors take note: 12 rentals per year are
allowed, and the home generated approximately $53K in rental income
last year, including personal use. Enjoy the Players Club's
resort-style pools, fitness center, spa, dining, Tiki Bar, tennis,
pickleball, bocce and social activities. Pet-friendly with resident
access to the Bark Park. Minutes to Olde Naples, beaches and Marco
Island. Same-day showings available-be sure to view the virtual
tour!
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.
Naples LELY RESORT single-family pool home has three large bedrooms, two bathrooms, two car garage, and includes an immediate spa membership! OFFERED TURN-KEY FURNISHED. You will love the Incredible private and tropical views on this oversized lot. The spacious lanai overlooks the pool and is perfect for outdoor entertaining. This well-cared-for home is located in Lely Resort's Master's Reserve subdivision. Just minutes from Olde Naples and the beach. This rarely available Augusta II floor plan offers just under 3000 sq ft under roof and 2,000 sq ft of airy living space with vaulted ceilings.
The primary suite includes a large bathroom with two vanities, a soaking tub, and two walk-in closets and a linen closet. The furnished guest bedroom has a king-sized bed, and the other has two extra-long twins, which can be combined to make a king. Located on an oversized, pie-shaped lot, perfect for privacy. Enjoy your large free-form pool with a lush tropical view, perfect for relaxing or entertaining. Beyond the Oak Trees, you can see the Mustang Golf course, which is a public golf course for you to use if you wish. The home features a spacious two-car garage with built-in floor-to-ceiling storage and comes fully furnished, turn-key ready. Investors note, this home allows 12 rentals per year, a rarity these days. And pulled in $53k in income last year, which included personal use. Fees include water for the lawn and lawn care; no need to buy a mower.
No Waiting. When you purchase this home your already a member of the Players Club & Spa at Lely Resort, a 15-acre tropical retreat offering resort-style pools, a large fitness center, and a full-service spa. It features indoor and outdoor dining, including a popular Tiki Bar, and has extensive sports facilities like tennis, pickleball, and bocce courts. The club hosts social events, classes, and concerts, and includes family-friendly amenities such as a splash pool, play area, and theater room. Not a golf club, it is a social club with a resort and spa feel.
Lely is located close to Marco Island and Olde Naples Beaches. You have access to two restaurants in the community just minutes away.
Be sure to click on the virtual tour! Easy to see, same day showings give us a call. Pet friendly too! Enjoy the Bark Park for Lely residents.
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