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Lely Resort 34113 Lely Resort
8977 MUSTANG ISLAND Circle
$490,000
● House - Off Market

8977 MUSTANG ISLAND Circle

Naples, FL 34113
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,774 Ft²
$1,156,555
RealtyHop Estimate
118.26%
Since Jul 1, 2011
National-US
Primary Model

About This Property

Lely Resort Beauty. Elegant home with exceptional family room design. Spacious kitchen, many upgrades including Corian counters, tile backsplash.  Ceranic tile flooring set on the diagonal throughout the living area.   Oversized lagoon style pool with lovely golf view. Exceptionally lovely home.  A home for entertaining family and friends in style and comfort. Enjoy the exceptional amenities of stunning Ley Resort.  Golf, Fitness, Spa, Pools and more
Unit Size
2,774 Ft²
Days on Market
216 days
Land Size
0.22 acres
Price per sqft
$191
Property Type
House
Property Taxes
$578
HOA Dues
$609
Year Built
2005

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 7 months ago ( #210039388)

Price History

Date / Event Date Event Price
Dec 2, 2022 Sold
Premium
Sold
Oct 27, 2022 No longer available -
No longer available
Oct 14, 2022 In contract -
In contract
Aug 9, 2022 Listed by Results Realty Marco Island $1,325,000
Listed by Results Realty Marco Island
Jul 5, 2011 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 740
  • Total Building Area: 2,811
  • Gross Building Area: 2,811
  • Building Area: 2,811
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,811
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MUSTANG ISLAND
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • State Land Use Code: 01
  • Legal Description 1: MUSTANG ISLAND LOT 95

Neighborhood

  • School District Name: Collier County School District
  • School Tax School District: DISTRICT 1
  • Census Tract: 010806

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 5B33
  • Subdivision Tract Number: 495350
  • Parcel: 60698001927
  • Lot: 95
  • Meridian: SEC 33 TWN 50 RNG 26
  • Municipality: COUNTY COLLIER
  • Latitude: 26.0758
  • Longitude: -81.7085

    Address

  • Full Address: 8977 Mustang Island Cir
  • Address - House Number: 8977
  • Address - Street Name: Mustang Island
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Naples
  • Carrier Code: R039
  • 4-Digit Zip Code: 1648
  • Zip Code: 34113

Valuation

    Tax

  • Total Area: 3,253
  • Tax Year: 2022
  • Tax Amount: $607,600
  • Tax Rate Code Area: 245

    Appraisal Valuation

  • Standard Deviation: 0.2467
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 65
  • Final Value: 1,437,001
  • High Value: 1,791,511
  • Low Value: 1,082,490

    Market Valuation

  • Market Total Value: $875,901
  • Market Land Value: $297,183
  • Market Improvement Value: $578,718

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $492,802

    Sales

  • Current Sale Contract Date: Nov 30, 2022
  • Current Sale Recording Date: Dec 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6336022
  • Previous Sale Recording Date: Jul 05, 2011
  • Previous Sale Contract Date: Jun 30, 2011
  • Previous Sale Amount: $490,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Naples

Stats & Trends

Median Asking:

$435,000

Sale Price/ft²

$282

Below Asking

0.03%

Average Days on Market

98

Average Home Size

1587 ft²

Average Home Age

26.5 years

Currently For Sale

476 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 9072 Rialto Street, Naples, FL, 34113

$8,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,771 ft²
9072 Rialto Street #6302, Naples, FL, 34113 Listing by Keith Ponsler
Unit for rent at 9076 Rialto Street, Naples, FL, 34113

$7,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,624 ft²
9076 Rialto Street #62, Naples, FL, 34113 Listing by Ani Ayala Burger
Unit for rent at 9073 Rialto Street, Naples, FL, 34113

$7,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,771 ft²
9073 Rialto Street #6002, Naples, FL, 34113 Listing by Jana DeNault, PA

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 8977 Mustang Island Circle built and last sold?
The property at 8977 Mustang Island Circle was built in 2005 and last sold on Nov 30, 2022 for $1,225,000.
How much is this home worth?
The estimated value of the home located at 8977 Mustang Island Circle is $1,277,874.
What are some comparable homes to 8977 Mustang Island Circle?
There are currently no comparable homes to 8977 Mustang Island Circle.
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