Beautiful & thoughtful home in the coveted neighborhood of
Monterey, modernized for comfortable everyday living and effortless
entertaining. The great-room-style living area, with vaulted
ceilings, flows seamlessly into the beautifully remodeled kitchen
featuring GE Monogram appliances, beverage cooler, and a generous
center island-the perfect gathering place for meals or
entertaining. The elegant dining room is bathed in natural light
from a dramatic floor-to-ceiling window, or enjoy dining at the
cozy breakfast nook with banquette seating overlooking the
beautiful backyard. The primary suite is a true retreat,
featuring custom millwork, luxurious primary bathroom with clawfoot
tub, and a bonus den, functioning as a quiet home office or sunny
retreat. Three additional bedrooms and two more renovated bathrooms
provide ample space for family and guests, while a separate den
with elegant French doors offers flexibility as an office, media
room, or optional fifth bedroom. Step outside to the private
poolside garden oasis designed for both relaxation and
entertaining. The newly resurfaced pool and patio take center stage
in the lush, secluded backyard, while an additional rear patio
creates the perfect setting for al fresco dining or gathering
around the firepit year-round. Tucked away on a quiet side
street in the coveted, gated community of Monterey, this
exceptional home offers full hurricane protection and combines
privacy, style, and convenience. Enjoy 24-hour gate guard security,
outstanding neighborhood amenities and events, and an enviable
location close to A-rated schools, shopping, beaches, downtown
Naples, and more.
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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