Grand architecture, a superior interior remodel and exceptional
outdoor entertaining distinguish this five-bedroom plus den
offering in the Estates at Bay Colony Golf Club. Featuring
approximately 8,355 square feet under air, the residence welcomes
guests with a sweeping staircase, soaring ceilings and beautifully
appointed gathering spaces. A fireplace anchors the formal living
room, where expansive windows frame the pool setting. A separate
dining room, spacious kitchen, morning room, family room and wet
bar accommodate both intimate evenings and larger celebrations.
Dedicated media, game and wine rooms add to the home's extensive
entertaining options.
The main-level primary suite occupies its own wing with a separate
retreat, multiple walk-in closets and an expansive bath. A study
and second bedroom complete the main-level accommodations, while
three upstairs bedrooms, a loft and balconies provide privacy for
guests. An elevator connects the two levels.
Outdoor living unfolds across more than 2,000 square feet of
covered lanais surrounding the pool, spa, sun shelf and sun deck.
The outdoor kitchen features a wood-fired/gas pizza oven,
wood-pellet smoker, Fire Magic gas grill, warming drawer and power
burner, complemented by two outdoor-rated Sub-Zero refrigerators.
The pool house offers a swim-up bar, gas fireplace, television,
sink, two additional outdoor-rated Sub-Zero refrigerators and a
cube ice maker. An outdoor-rated U-Line nugget ice maker adds
convenience, while hurricane-rated shutters allow the pool house to
close securely. Whole-house streaming audio and a recently
installed outdoor sound system extend the experience throughout the
property.
Significant updates include a new roof installed in September 2024,
exterior painting in 2024, updated exterior lighting, a redone
driveway and new pool controls in 2026. A 125-kW generator, two
1,000-gallon propane tanks, mature tropical landscaping and two
separate garages with four-car capacity complete this thoughtfully
equipped Naples estate.
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