NOT LISTED FOR SALE

1781 Smugglers Cove Unit A and B Naples, FL 34112

East Naples Neighborhood

Estimated Value: $622,000 - $746,000

2 Beds
2 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold September 11, 2024

Last sale price $740,000

Est. 7% decrease in value since last sale

Current estimated payment $3,934/month

176 Days on Market

Highlights

  • Cul-De-Sac
  • Jalousie or louvered window
  • Patio
  • Lake Park Elementary School Rated A
  • Concrete Block With Brick
  • Storage

About This Home

As of September 2024

LOCATION! LOCATION! LOCATION! Walk the Downtown Naples and the fabulous 5th Ave South!! NEW ROOF 2021! RECENTLY RENOVATED! This property has been fully updated and needs nothing! Amazing opportunity to purchase this totally furnished, cash-flowing, rarely available duplex in the heart of Naples. Exceptional opportunity to own 2 vacation rentals walking distance to the best restaurants, shops, Gordons River, Naples Bay and entertainment! Start your own vacation rental business or add to your current portfolio. Snow birds and vacationers love this property and its proximity to fine dining, shoppes, beaches, entertainment and the local attractions. All 5 star reviews!! 100% in season occupancy rate. 1.5 miles to the beach! Excellent income potential! Move into one side and lease the other or utilize both sides as vacation/seasonal rentals or rent as annual leases. Non HOA property so no minimum lease limitations and no pet restrictions apply to this property. The duplex is at the end of a very quiet cut-de-sac street in the Royal Harbor area of Naples. Both sides are recently renovated and sold turnkey. All new appliances, new hot water tanks, new A/C and new roof! Both units freshly painted. Plenty of off street parking. Each unit has a private completely fenced-in back yard. Whether you're looking for a smart investment or a comfortable place to call home or vacation to, this property checks all the boxes. Just minutes from top rated golf courses, world class shopping and 5 star dining, and let's not forget to mention Naples is the pickleball capital of the world. Naples is a global vacation destination with too many five-star restaurants to mention! Resort memberships are available at the Naples Bay Resort which is in walking distance and is inclusive of tennis, fitness, spa, lazy river, pool.. to mention a few of the amenities. This property is worth inquiring about and viewing before it's gone.

Last Agent to Sell the Property

Gail Mayer

Waterfront Realty Group Inc Listed on: 02/16/2024

Waterfront Realty Group Inc

Last Buyer's Agent

Ernesto Sampedro

Sun Realty

Sun Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,463

Year Built

  • Built in 1969

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions: 65
  • Cul-De-Sac
  • Fenced
  • Paved or Partially Paved Lot

Home Design

  • Duplex
  • Concrete Block With Brick
  • Shingle Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Jalousie or louvered window
  • Storage
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Outdoor Grill

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for departure cleaning
  • Assessor Parcel Number 00387960009

Community Details

Overview

  • 2 Units
  • Royal Harbor Condos
  • Royal Harbor Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,463

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Legal Description: 11 50 25 COMM AT INT E R/W SANDPIPER ST WITH THE S LINE NW1/4 OF SW1/4 OF NW1/4 N 210FT,E 255FT TO POB E 65FT, S 105FT, W 65FT, N 105FT TO POB LESS R/W OR 781-455, OR 1771 PG 2332
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.133286$-81.781804$170.01$13.33$1.00$No4mozEVKQjULkbIs7EEOg
  • Building Design: Duplex
  • Building Description: Duplex
  • Year Built: 1969
  • Property Information: LOCATION! LOCATION! LOCATION! Walk the Downtown Naples and the fabulous 5th Ave South!! NEW ROOF 2021! RECENTLY RENOVATED! This property has been fully updated and needs nothing! Amazing opportunity to purchase this totally furnished, cash-flowing, rarely available duplex in the heart of Naples. Exceptional opportunity to own 2 vacation rentals walking distance to the best restaurants, shops, Gordons River, Naples Bay and entertainment! Start your own vacation rental business or add to your current portfolio. Snow birds and vacationers love this property and its proximity to fine dining, shoppes, beaches, entertainment and the local attractions. All 5 star reviews!! 100% in season occupancy rate. 1.5 miles to the beach! Excellent income potential! Move into one side and lease the other or utilize both sides as vacation/seasonal rentals or rent as annual leases. Non HOA property so no minimum lease limitations and no pet restrictions apply to this property. The duplex is at the end of a very quiet cut-de-sac street in the Royal Harbor area of Naples. Both sides are recently renovated and sold turnkey. All new appliances, new hot water tanks, new A/C and new roof! Both units freshly painted. Plenty of off street parking. Each unit has a private completely fenced-in back yard. Whether you're looking for a smart investment or a comfortable place to call home or vacation to, this property checks all the boxes. Just minutes from top rated golf courses, world class shopping and 5 star dining, and let's not forget to mention Naples is the pickleball capital of the world. Naples is a global vacation destination with too many five-star restaurants to mention! Resort memberships are available at the Naples Bay Resort which is in walking distance and is inclusive of tennis, fitness, spa, lazy river, pool.. to mention a few of the amenities. This property is worth inquiring about and viewing before it's gone.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Flooring: Tile
  • Windows: Jalousie

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block
  • Road: Cul-De-Sac, Paved Road
  • Exterior Features: Extra Building, Fence, Grill, Patio, Storage
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric, Wall Unit
  • Heat: Wall Unit
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Royal Harbor
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: ROYAL HARBOR
  • Development Name: ROYAL HARBOR

Lot Info

  • Lot Back: 65
  • Lot Frontage: 65
  • Lot Left: 105
  • Lot Right: 105
  • Section: 11
  • Waterfront: No
  • Zoning Code: MULTI-FAMILY
  • Acres: 0.1600
  • Lot Description: Cul-De-Sac, Regular
  • Lot Dimensions: 65 X 105
  • Parcel Number: 00387960009

Rental Info

  • Tenant Pays: Departure Cleaning

Tax Info

  • Tax Description: County Only
  • Taxes: 4462.86
  • Tax Year: 2023

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Sep 11, 2024
Sold by
Mayer Andrew J and Mayer Andrew
Bought by
Izarra Antonio Jose Diaz and Seijas Gail Fuentes
Seller's Agent
Gail Mayer
Waterfront Realty Group Inc
Buyer's Agent
Ernesto Sampedro
Sun Realty
List Price
$975,000
Sold Price
$740,000
Premium/Discount to List
-$235,000
-24.1%
Views
55
Current Estimated Value
$687,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$52,373
Avg. Annual Appreciation
-6.75%
Original Mortgage
$555,000
Outstanding Balance
$549,062
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$138,565

Purchase Details

Closed on
May 5, 2022
Sold by
Mayer Andrew J
Bought by
Mayer Andrew J and Mayer Andrew

Purchase Details

Closed on
Feb 6, 2015
Sold by
Hiner David C and Hiner Linda J
Bought by
Mayer Andrew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,138
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2013
Sold by
Hiner David C
Bought by
Hiner David C and Hiner Linda J
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Izarra Antonio Jose Diaz $740,000 Home & Land Title Of Naples, L
Mayer Andrew J $200,000 --
Mayer Andrew J $200,000 None Listed On Document
Mayer Andrew J $186,000 Attorney
Hiner David C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Izarra Antonio Jose Diaz $555,000
Previous Owner Mayer Andrew J $192,138
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2024 09/11/24 Sold $740,000 -6.2% --
08/10/2024 08/10/24 Pending -- -- --
07/16/2024 07/16/24 Price Changed $789,000 -1.3% --
05/17/2024 05/17/24 Price Changed $799,000 -5.9% --
04/28/2024 04/28/24 Price Changed $849,000 -5.6% --
03/12/2024 03/12/24 Price Changed $899,000 -7.8% --
02/16/2024 02/16/24 For Sale $975,000 -- --
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
2025 $3,456 $390,352 $317,466 $72,886
2024 $4,463 $331,695 -- --
2023 $4,463 $384,444 $317,466 $66,978
2022 $3,781 $254,708 $0 $0
2021 $3,430 $231,553 $0 $0
2020 $3,146 $210,503 $0 $0
2019 $2,864 $191,366 $0 $0
2018 $2,812 $173,969 $0 $0
2017 $2,227 $158,154 $102,603 $55,551
2016 $2,264 $163,758 $0 $0
2015 $1,624 $138,528 $0 $0
2014 $1,465 $81,381 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 224013969

Naples Area Board of REALTORS®

APN: 00387960009