Completed in 2024 by Gulfstream Homes and offered beautifully
furnished, this exceptional Coquina Sands residence captures the
essence of the Naples coastal lifestyle. On an oversized,
south-facing corner lot, the property is enveloped by a lush
privacy hedge that creates a secluded setting just a short distance
to the beach, the Four Seasons and Fifth Avenue South. A private
driveway and three-car garage with access from Banyan Circle
provide added convenience and functionality, a rare offering in
this desired neighborhood. Designed for effortless indoor-outdoor
living, the expansive backyard is one of the property's defining
features. Rarely found, the oversized outdoor space offers room to
entertain, relax and enjoy the Florida sunshine with a massive
resort-style pool featuring a sun shelf, spa, water features and an
expansive pool deck with multiple gathering areas surrounded by
tropical landscaping. The spacious covered lanai extends the living
experience with a fireplace, summer kitchen and electric screens
and storm shutters, creating a comfortable setting for year-round
enjoyment. Inside, soaring tongue-and-groove ceilings and walls of
glass fill the great room with natural light while seamlessly
connecting to the outdoor living spaces. The open-concept kitchen
is thoughtfully designed with custom solid wood cabinetry, quartz
countertops, an oversized Sub-Zero refrigerator and freezer, an
induction cooktop that is plumbed for gas, generous storage and a
dedicated beverage and wine bar. The main-level primary suite is
complemented by a private study and guest suite, while the second
level offers a lounge with a wet bar, beverage refrigerator, three
guest suites with large balcony access and a second laundry area. A
private elevator, custom closet systems throughout, electric shades
in private spaces, a whole-home generator with a 1,000-gallon
propane tank and a location within the desirable X flood zone
complete this exceptional coastal residence.
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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