NOT LISTED FOR SALE

Estimated Value: $2,600,000 - $2,644,000

6 Beds
6 Baths
-- Sq Ft
0.26 Acres

Last Sold June 02, 2021

Last sale price $1,985,000

Est. 32% increase in value since last sale

Current estimated payment $16,145/month

87 Days on Market

Highlights

  • Private Dock
  • Boating
  • Room in yard for a pool
  • Lake Park Elementary School Rated A
  • Home fronts a canal
  • Deck

About This Home

As of June 2021

Own your own townhome complex on a direct access, quick out canal to Naples Bay, and just minutes from beautiful 5th Ave in Naples with instant cash flow! This triplex was completely renovated in Dec 2014 and makes a great rental situation as you let the property continue to appreciate. Turnkey furnished, tile floors, granite kitchens, washer/dryers, newer appliances. Or live in one and rent out two. Each unit is approximately 1152 square feet. Three screened-in units (one of which opens to a wooden deck) where you and/or your guests can enjoy great views of Naples Bay Resort and watch boats cruise past. Or jump in your own boat and go to Keewaydin Island or any of a number of waterfront restaurants. Multi-family zoning is a great down-the-road opportunity for builders. Seasonal rents currently at $5,000-$6000 per month. Longer term and rentals have averaged $2700-3000 per month. Dock is approx. 50 feet long with electric and water. Another rental opportunity! Walk to Fifth Ave! Or to Tin City and Bayfront! This is your opportunity in a majorly booming area just minutes to the beach and Olde Naples.

Last Agent to Sell the Property

Marlene Graham

Tropics Real Estate, LLC License #NAPLES-249511596 Listed on: 02/13/2021

Last Buyer's Agent

Marlene Graham

Tropics Real Estate, LLC License #NAPLES-249511596 Listed on: 02/13/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,706

Year Built

  • Built in 1979

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions: 75
  • Home fronts a canal
  • Paved or Partially Paved Lot

Home Design

  • Triplex
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Single Hung Windows
  • Casement Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • Room in yard for a pool
  • No Fixed Bridges
  • Private Dock
  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for departure cleaning, pet deposit
  • Assessor Parcel Number 08480200008

Community Details

Overview

  • 3 Units
  • Golden Shores Condos

Recreation

  • Boating
  • Gulf Boat Access

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $12,360
  • Net Operating Income $136,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,706

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Legal Description: GOLDEN SHORES LOT 9 OR 1251 PG 875
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.137876$-81.785687$45.61$13.33$1.00$WjkfT-JfE9QYnGaMN-jA9Q
  • Building Design: Triplex
  • Building Description: 2 Story
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Total Bathrooms: 6.00
  • Total Bedrooms: 6
  • Flooring: Carpet, Tile
  • Windows: Casement, Single Hung

Exterior Features

  • Gulf Access: Yes
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Canal Width: Canal Width 31-80
  • Construction: Wood Frame
  • Gulf Access Type: No Bridge(s)/Water Direct
  • Boat Access: Boat Dock Private
  • Road: City Maintained, Paved Road
  • Exterior Features: Deck, Patio, Room for Pool
  • Exterior Finish: Vinyl Siding
  • Waterfront Type: Canal

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Golden Shores
  • Community Type: Boating
  • Units In Building: 3

Condo/Co-op/Association

  • Sub Condo Name: GOLDEN SHORES

Lot Info

  • Lot Back: 75
  • Lot Frontage: 75
  • Lot Left: 150
  • Lot Right: 150
  • Lot Unit: 9
  • Section: 10
  • Waterfront: Yes
  • Zoning Code: RMF-6-BMUD-R1
  • Acres: 0.2600
  • Lot Description: Regular
  • Lot Dimensions: 75 X 150
  • Parcel Number: 08480200008

Rental Info

  • Tenant Pays: Departure Cleaning, Pet Deposit

Tax Info

  • Tax Description: City And County
  • Taxes: 11706.00

Multi Family

  • Gross Rental Income: 148500.00
  • Annual Expenses: 12360.00
  • Annual Net Operating Income: 136140.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2021
Closed on
Jun 1, 2021
Sold by
Love Stephen M
Bought by
Diller William G and William G Diller Living Trust
Seller's Agent
Marlene Graham
Tropics Real Estate, LLC
Buyer's Agent
Marlene Graham
Tropics Real Estate, LLC
List Price
$2,150,000
Sold Price
$1,985,000
Premium/Discount to List
-$165,000
-7.67%
Total Days on Market
87
Current Estimated Value
$2,622,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$637,000
Avg. Annual Appreciation
7.17%

Purchase Details

Listed on
Feb 26, 2018
Closed on
Sep 5, 2018
Sold by
Westfield Rental Mart Inc
Bought by
Love Stephen M
Seller's Agent
Marlene Graham
Tropics Real Estate LLC
Buyer's Agent
Marlene Graham
Tropics Real Estate LLC
List Price
$1,995,000
Sold Price
$1,800,000
Premium/Discount to List
-$195,000
-9.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.66%

Purchase Details

Closed on
Oct 30, 2015
Sold by
Olivias 2010 Holdings Llc
Bought by
Westfield Rental Mart Inc

Purchase Details

Closed on
Mar 28, 2014
Sold by
Curlew 3 Holdings Llc
Bought by
Olivias 2010 Holdings Llc

Purchase Details

Closed on
May 10, 2006
Sold by
Joseph Philip L and Joseph Rhoda Taurra
Bought by
Curlew 3 Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,252,500
Interest Rate
6.33%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Diller William G $1,985,000 Attorney
Love Stephen M $1,800,000 Attorney
Westfield Rental Mart Inc $1,425,000 Attorney
Olivias 2010 Holdings Llc $659,000 Attorney
Curlew 3 Holdings Llc $1,350,000 Action Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Curlew 3 Holdings Llc $1,252,500
Previous Owner Joseph Philip L $180,000
Previous Owner Joseph Philip L $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2021 06/02/21 Sold $1,985,000 -7.7% --
05/11/2021 05/11/21 Pending -- -- --
05/07/2021 05/07/21 Price Changed $2,150,000 0.0% --
05/07/2021 05/07/21 For Sale $2,150,000 +8.3% --
05/05/2021 05/05/21 Off Market $1,985,000 -- --
03/29/2021 03/29/21 Price Changed $1,995,000 -5.0% --
03/24/2021 03/24/21 For Sale $2,100,000 0.0% --
03/20/2021 03/20/21 Pending -- -- --
03/02/2021 03/02/21 Price Changed $2,100,000 +5.3% --
02/13/2021 02/13/21 For Sale $1,995,000 +10.8% --
09/12/2018 09/12/18 Sold $1,800,000 -9.8% $508 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $1,995,000 -- $564 / Sq Ft
Source: Naples Area Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $17,778 $1,729,604 $0 $0
2022 $16,205 $1,572,367 $1,237,500 $334,867
2021 $11,432 $1,062,278 $773,190 $289,088
2020 $11,706 $1,073,472 $0 $0
2019 $10,504 $975,884 $729,630 $246,254
2018 $9,870 $862,518 $0 $0
2017 $8,471 $784,107 $600,750 $183,357
2016 $8,448 $778,879 $0 $0
2015 $6,628 $595,109 $0 $0
2014 $5,918 $467,336 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 221011777

Naples Area Board of REALTORS®

APN: 08480200008