8429 Indian Wells Way
About This Property
With crazy low HOA fees of only around $2500 per year. The carry costs are super low. Players Club is optional with this home. Investors dream at 12 rentals per year at a 30 day minimum and would bring around $10K per month rent in season. This is the lowest priced Golf Course frontage home with a pool available in Lely!
Welcome to 8429 Indian Wells Way in Naples, Florida, a delightful turnkey furnished 3-bedroom, 2-bathroom house situated within the gated Indian Wells community at Lely Resort. This 1,687-square-foot home offers a comfortable living experience with a thoughtful design and practical features. Players Club is optional & available.
Upon arrival, you'll notice the BRAND NEW ROOF INSTALLED IN 2018 and newer air conditioning systems for both the interior and garage, ensuring reliability and comfort. Inside, the inviting living room welcomes you with its vaulted ceilings that enhance the sense of space and light. Large windows provide ample natural illumination and offer picturesque views of the adjacent golf course. The 667 square foot lanai is screened and West facing for afternoon & evening sun to enjoy the pool.
ELECTRIC ROLL DOWN STORM SHUTTERS ensure peace of mind adding ultimate protection to the home.
The kitchen is functional and well-equipped with essential appliances that simplify meal preparation. Directly accessible from the kitchen is the west-facing lanai, an ideal spot for unwinding while savoring the iconic Southwest Florida sunsets. This outdoor area also boasts a heated pool and an outdoor grill, perfect for both relaxing and entertaining guests.
For everyday living, the home includes convenient features such as a washer and dryer, and the 2-car garage offers ample storage and parking space. Fresh updates include a new hot water tank in 2019, and in 2024, the entire interior was painted as well as new carpet. This home is a perfect blank canvas to make your own.
The location of this property is one of its strong suits. Just a five-minute drive away, you'll find a variety of shopping plazas and dining options to meet your everyday needs. A 15-minute drive takes you to Downtown 5th Avenue, known for its upscale shopping and dining, and the iconic Naples Pier. Marco Island's beautiful beaches and the Mercato shopping district are also easily accessible, offering a mix of leisure and practical destinations for errands and outings alike.
Indian Wells Golf Villas is ideal for those looking to enjoy both relaxation and convenience. With such a balance of features and an excellent location, this home provides everything needed for comfortable resort living in Southwest Florida.
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Cap Rate Calculator
What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2025 | Sold | ||
| Sold | |||
| Jul 17, 2025 | In contract | - | |
| In contract | |||
| Jul 7, 2025 | Price Decreased |
$619,000
↓ $29K
(4.4%) | |
| Price Decreased | |||
| Jun 21, 2025 | Relisted | $647,500 | |
| Relisted | |||
| Jun 6, 2025 | In contract | - | |
| In contract | |||
Property Highlights
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Price/ft²
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About South Naples
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Phone: 425-283-2930
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