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702 Tamarind Court
About This Property
Designed to embrace Naples' indoor-outdoor lifestyle, floor-to-ceiling Andersen impact windows and doors fill the interiors with natural light while creating a seamless connection to the lush tropical surroundings. A dramatic bifold glass wall fully opens the great room to the outdoor living area, connecting the interiors to covered seating areas, outdoor dining, and a fully equipped summer kitchen for effortless entertaining year-round. The resort-inspired outdoor setting is anchored by a spectacular 50-foot saltwater pool with a sun shelf and a large, integrated 8-foot spa, all surrounded by mature tropical landscaping that creates an exceptional level of privacy rarely found in Pelican Bay.
The primary suite was thoughtfully designed as a private retreat, featuring dual bathrooms, generous dressing areas, and exceptional closet space. Three additional guest suites each offer an en suite bath, large closets, and ample space for a king-size bed, ensuring comfort and privacy for family and guests alike.
Built with an uncompromising commitment to quality, the home showcases wide-plank Italian oak flooring, handcrafted millwork, soaring ceilings, Level 5 smooth-finish walls, concealed linear air vents, spray foam insulation, and premium materials throughout. The gourmet kitchen is appointed with integrated Sub-Zero refrigerator and freezer columns, Wolf ovens and a gas range, Bosch dishwashers, and Rohl fixtures. Additional highlights include motorized screens and shutters, advanced lighting and security systems, a saline spa and pool system, and an oversized three-car garage with custom insulated carriage-style doors.
This exceptional residence was built by Knauf Koenig Group, with architecture by Stofft Cooney Architects, landscaping by Architectural Land Design, and interiors curated by Calusa Bay Design. Recognized for its outstanding design and craftsmanship, the home was prominently featured on the cover of Florida Design magazine. Residents of Pelican Bay enjoy an unparalleled lifestyle with exclusive access to three miles of private white-sand beaches, beachfront dining, tennis and pickleball facilities, scenic walking paths, and world-class amenities just moments from Naples' finest shopping, dining, and cultural destinations. This is Pelican Bay luxury-private, timeless, and designed for exceptional coastal living.
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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 North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017