$555,000
SOLD FEB 4, 2025
5 Beds
3 Baths
-- Sq Ft
0.41 Acres

Recently Sold

10% Below List Price

24 Days on Market

Highlights

  • Boat Ramp
  • Pickleball Courts
  • Park
  • 0.41 Acre Lot
  • Concrete Block With Brick
  • 4-minute walk to East Naples Community Park

About This Home

As of February 2025

****Taking BACKUP Offers!!**** nvestor's Dream Duplex with Endless Possibilities – Prime Location in Naples

This exceptional property, situated on an oversized corner lot of 0.41 acres, offers incredible potential for investors. Zoned for multi-unit development, it provides the flexibility to expand or redevelop. The current duplex consists of 2,392 Sq Feet with VAULTED ceilings a 3-bedroom, 2-bath unit on one side, and a 2-bedroom, 1-bath unit on the other. Built in Year 2000 with durable concrete block construction, the property ensures minimal maintenance. Recent updates include a new roof installed in 2019, new gutters added in 2023, and new AC units for the 3-bedroom (2021) and 2-bedroom (2024) units. Both units feature all-tile floors for easy maintenance, and each has a long driveway with additional parking space. The large front and back yards offer ample room for outdoor activities or future expansion.

Currently generating $4,713 per month in rental income with year-long leases in place, the property is located in a highly desirable area with a steady rental market. It boasts direct access to Sugden Regional Park and Bayshore Drive, with shopping, dining, food trucks, and the Naples Botanical Garden nearby. A public boat launch is just down the road. The location is particularly attractive to short-term or vacation rental opportunities, as it is directly across from Avalon Elementary School and the Naples Pickleball Center, which features 64 courts and hosts the World Championship stadium.

With zoning approval for multi-unit development, the property offers unlimited potential for redevelopment. Investors can capitalize on the high demand for rental properties in the area, converting the property into a quadplex or additional units. It also presents an opportunity for short-term rentals catering to the growing pickleball community or for creating a unique rental community with options for Airbnb or long-term tenants. The duplex is also good for snowbirds to stay in one unit and to rent the other to cover costs.

This property represents a unique investment opportunity in one of the most desirable areas of Naples, offering steady income, strong potential for future appreciation, and multiple avenues for rental income, including annual, seasonal, or short-term rentals. The possibilities for redevelopment and income generation are endless.

Last Agent to Sell the Property

Matthew Steves

Serhant-Naples Listed on: 11/19/2024

Last Buyer's Agent

Kasey Thompson

Safe Harbour Realty Inc License #FORT-258020377

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,971

Year Built

  • Built in 2000

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions: 174

Home Design

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

Interior Spaces

  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, cleaning fee, credit application, departure cleaning, full electric, full telephone, internet access, long distance telephone, pet deposit, security, sewer, water
  • Assessor Parcel Number 22623400007
  • Tax Block 5

Community Details

Overview

  • 2 Units
  • Guilford Estates Condos
  • Guilford Estates Community

Recreation

  • Boat Ramp
  • Community Boat Slip
  • Gulf Boat Access
  • Pickleball Courts
  • Park
  • Bike Trail

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $56,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,971

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Legal Description: AVALON EST UNIT 1 BLK 5 LOT 1
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.109368$-81.764283$303.60$13.33$1.00$qNx8MZmoAHYHIcwqEdpCow
  • Building Design: Duplex
  • Building Description: Duplex
  • Year Built: 2000
  • Property Information: ****Taking BACKUP Offers!!**** nvestor's Dream Duplex with Endless Possibilities – Prime Location in Naples This exceptional property, situated on an oversized corner lot of 0.41 acres, offers incredible potential for investors. Zoned for multi-unit development, it provides the flexibility to expand or redevelop. The current duplex consists of 2,392 Sq Feet with VAULTED ceilings a 3-bedroom, 2-bath unit on one side, and a 2-bedroom, 1-bath unit on the other. Built in Year 2000 with durable concrete block construction, the property ensures minimal maintenance. Recent updates include a new roof installed in 2019, new gutters added in 2023, and new AC units for the 3-bedroom (2021) and 2-bedroom (2024) units. Both units feature all-tile floors for easy maintenance, and each has a long driveway with additional parking space. The large front and back yards offer ample room for outdoor activities or future expansion. Currently generating $4,713 per month in rental income with year-long leases in place, the property is located in a highly desirable area with a steady rental market. It boasts direct access to Sugden Regional Park and Bayshore Drive, with shopping, dining, food trucks, and the Naples Botanical Garden nearby. A public boat launch is just down the road. The location is particularly attractive to short-term or vacation rental opportunities, as it is directly across from Avalon Elementary School and the Naples Pickleball Center, which features 64 courts and hosts the World Championship stadium. With zoning approval for multi-unit development, the property offers unlimited potential for redevelopment. Investors can capitalize on the high demand for rental properties in the area, converting the property into a quadplex or additional units. It also presents an opportunity for short-term rentals catering to the growing pickleball community or for creating a unique rental community with options for Airbnb or long-term tenants. The duplex is also good for snowbirds to stay in one unit and to rent the other to cover costs. This property represents a unique investment opportunity in one of the most desirable areas of Naples, offering steady income, strong potential for future appreciation, and multiple avenues for rental income, including annual, seasonal, or short-term rentals. The possibilities for redevelopment and income generation are endless.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Half Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 5
  • Flooring: Tile
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block
  • Exterior Finish: Stucco

Utilities

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

Association/Amenities

  • Pets: No Approval Needed
  • Development: Guilford Estates
  • Golf Type: No Golf Available
  • Amenities: Bike And Jog Path, Community Boat Ramp, Community Boat Slip, Community Gulf Boat Access, Community Park, Pickleball
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: GUILFORD ESTATES
  • Development Name: GUILFORD ESTATES

Lot Info

  • Lot Back: 174
  • Lot Frontage: 174
  • Lot Left: 100
  • Lot Right: 100
  • Lot Unit: 1
  • Section: 13
  • Waterfront: No
  • Zoning Code: 8
  • Acres: 0.4100
  • Lot Description: Oversize
  • Lot Dimensions: 174 X 100
  • Parcel Number: 22623400007

Rental Info

  • Tenant Pays: Cable, Cleaning Fee, Credit Application, Departure Cleaning, Full Electric, Full Telephone, Internet Access, Long Distance Telephone, Pet Deposit, Security, Sewer, Water

Tax Info

  • Tax Description: County Only, No Homestead
  • Taxes: 4970.94
  • Tax Year: 2023

Multi Family

  • Unit Count: 2
  • Gross Rental Income: 56000.00
  • Annual Net Operating Income: 56000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2024
Closed on
Jan 28, 2025
Sold by
Muresan Pavel and Muresan Irina
Bought by
Garcia Rafael
Seller's Agent
Matthew Steves
Serhant-Naples
Buyer's Agent
Kasey Thompson
Safe Harbour Realty Inc
List Price
$619,000
Sold Price
$555,000
Premium/Discount to List
-$64,000
-10.34%
Views
28
Current Estimated Value
$548,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,969
Avg. Annual Appreciation
-2.05%
Original Mortgage
$416,250
Outstanding Balance
$413,684
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$134,347

Purchase Details

Closed on
Apr 20, 2016
Sold by
Maricia Noel Inc
Bought by
Muresan Pavel and Muresan Irina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,500
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 2015
Sold by
Bolleau Gersaint
Bought by
Maricia Noel Inc

Purchase Details

Closed on
Jun 1, 2015
Bought by
Muresan Pavel and Muresan Irina

Purchase Details

Closed on
May 26, 2011
Sold by
Plancher Joseph D
Bought by
Boileau Gersaint

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
4.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 11, 2008
Sold by
Plancher Genel
Bought by
Plancher Joseph D

Purchase Details

Closed on
Jul 28, 1999
Sold by
Kott Peter and Kott Maria L
Bought by
Plancher Genel and Plancher Joseph D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,688
Interest Rate
7.66%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $555,000 Title Specialists
Warranty Deed $555,000 Title Specialists
Warranty Deed $269,000 Naples Title Inc
Quit Claim Deed -- None Available
Deed $100 --
Warranty Deed $73,000 Attorney
Quit Claim Deed $140,000 None Available
Warranty Deed $19,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $416,250 New Conventional
Closed $416,250 New Conventional
Previous Owner $134,500 Commercial
Previous Owner $74,800 Commercial
Previous Owner $73,000 Commercial
Previous Owner $285,000 Commercial
Previous Owner $199,292 New Conventional
Previous Owner $153,000 Commercial
Previous Owner $144,688 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Sold $555,000 -2.5% --
12/13/2024 12/13/24 Pending -- -- --
12/11/2024 12/11/24 Price Changed $569,000 -8.1% --
12/08/2024 12/08/24 Price Changed $619,000 +3.2% --
12/08/2024 12/08/24 Price Changed $599,999 -3.1% --
12/07/2024 12/07/24 Price Changed $618,999 0.0% --
11/19/2024 11/19/24 For Sale $619,000 -- --
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 $5,242 $408,335 -- --
2024 $4,971 $371,214 -- --
2023 $4,971 $337,467 $0 $0
2022 $4,408 $306,788 $0 $0
2021 $3,637 $278,898 $112,112 $166,786
2020 $4,201 $330,283 $0 $0
2019 $3,855 $300,257 $153,400 $146,857
2018 $3,749 $291,687 $0 $0
2017 $3,454 $265,170 $139,880 $125,290
2016 $2,839 $180,426 $0 $0
2015 $2,399 $164,024 $0 $0
2014 $2,172 $149,113 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 224093790

Naples Area Board of REALTORS®

APN: 22623400007