Backyard living at its finest! 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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017