$575,000
SOLD OCT 29, 2024

600 Neapolitan Way Unit 452 Naples, FL 34103

Park Shore Neighborhood
2 Beds
2 Baths
864 Sq Ft
$1,650/mo HOA Fee

Recently Sold

$666 Per Sq Ft

2% Below List Price

131 Days on Market

Highlights

  • Contemporary Architecture
  • Exercise Course
  • Eat-In Kitchen
  • Sea Gate Elementary School Rated A
  • Elevator
  • High Impact Door

About This Home

As of October 2024

This property has a proven track record of success on Airbnb and VRBO making it a fantastic investment opportunity with a net income of over $99,000 per year making this a thriving business. (see attachments) Professionally remodeled 2/2 in the beautiful Park Shores community in Naples. Park Shores is one of the few developments that allows daily rentals making this a desirable unit in the short term vacation rental market. Rent it on your own and keep all income generated or have the development rent it for you in their program. Either way there is no penalty for renting it yourself. Also enjoy the benefit of a FIVE minute walk to the beach.

Last Agent to Sell the Property

Pedrin Valbuena

Pedrin of Miami Realty Inc License #NAPLES-271000700 Listed on: 05/15/2024

Last Buyer's Agent

Pedrin Valbuena

Pedrin of Miami Realty Inc License #NAPLES-271000700 Listed on: 05/15/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,020

Year Built

  • Built in 1982

Lot Details

  • South Facing Home

HOA Fees

  • $1,650 Monthly HOA Fees

Parking

  • Deeded Parking

Home Design

  • Condo Hotel
  • Mid Level
  • Contemporary Architecture
  • Turnkey
  • Concrete Block With Brick
  • Metal Roof
  • Stucco

Interior Spaces

  • 864 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Single Hung Windows
  • Combination Dining and Living Room
  • Vinyl Flooring

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 15906040007

Community Details

Overview

  • 16 Units
  • Park Shore Resort Condos
  • Park Shore Community

Amenities

  • Community Barbecue Grill
  • Laundry Facilities
  • Elevator

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Volleyball Courts
  • Pickleball Courts
  • Racquetball
  • Exercise Course

Pet Policy

  • Pets up to 25 lbs
  • Call for details about the types of pets allowed
  • 1 Pet Allowed

Security

  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,020

Year Built

Built in 1982

Lot Details

0

HOA Fees

$1,650 per month

Listing Details

  • Legal Description: PARK SHORE RESORT CONDOMINIUM APT 452
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.201687$-81.803707$329.02$13.33$1.00$CAoSLEFGMVFpcE04TEpDUFB5ZXY1VUdxVmxFVGhvNGo0MXA1aWN1dmZqSUtRWHlf
  • Building Design: Mid Rise (4-7)
  • Building Description: Contemporary
  • Storm Protection: Impact Resistant Doors
  • Year Built: 1982
  • Property Information: This property has a proven track record of success on Airbnb and VRBO making it a fantastic investment opportunity with a net income of over $99,000 per year making this a thriving business. (see attachments) Professionally remodeled 2/2 in the beautiful Park Shores community in Naples. Park Shores is one of the few developments that allows daily rentals making this a desirable unit in the short term vacation rental market. Rent it on your own and keep all income generated or have the development rent it for you in their program. Either way there is no penalty for renting it yourself. Also enjoy the benefit of a FIVE minute walk to the beach.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Furnished Description: Turnkey
  • Num Unit Floor: 4
  • Price Per Sq Ft: 665.51
  • Total Floors: 4
  • Additional Rooms: None
  • Estimated Living Area: 864
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedroom Description: Split Bedrooms
  • Bedrooms: 2 Bed
  • Total Bedrooms: 2
  • Dining Room: Living Dining, Eat-in Kitchen
  • Elevator: Common
  • Equipment: Dishwasher, Dryer, Microwave, Range, Refrigerator/Freezer, Self Cleaning Oven, Smoke Detector, Washer
  • Flooring: Vinyl
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Internet Available
  • Kitchen: Pantry
  • Primary Bathroom: Tub Only
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Metal
  • Construction: Concrete Block
  • View: Lagoon
  • Exterior Features: Grill, Patio, Tennis Court
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Sewer: Assessment Paid
  • Water: Assessment Paid

Condo/Co-op/Association

  • Management Company Phone: 8447835290
  • Approval: Application Fee
  • Management: Condo
  • Mandatory HOA: Yes
  • Restrictions: Deeded
  • Sub Condo Name: PARK SHORE RESORT
  • Maintenance: Cable, Insurance, Internet/WiFi Access, Security, Sewer, Trash Removal, Water
  • Master Hoa Fee: 1649.66
  • Master HOA Fee Frequency: Monthly
  • Development Name: PARK SHORE

Association/Amenities

  • Pets: Limits
  • Pets Limit Max Number: 1
  • Pets Limit Max Weight: 25
  • Development: Park Shore
  • Amenities: Basketball, BBQ - Picnic, Common Laundry, Exercise Room, Internet Access, Pickleball, Racquet Ball, Tennis Court, Volleyball
  • Community Type: Condo/Hotel
  • Units In Building: 16
  • Total Number of Units: 157

Lot Info

  • Builder Product: No
  • Lot Unit: 452
  • Section: 16
  • Total Area: 898
  • Waterfront: No
  • Rear Exposure: South
  • Lot Description: Other
  • Parcel Number: 15906040007

Rental Info

  • Lease Limits: No
  • Leases Per Year: 365
  • Min Days Of Lease: 1

Tax Info

  • Tax Description: No Homestead
  • Taxes: 3019.74
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Oct 29, 2024
Sold by
Valbuena Pedro and Valbuena Diana
Bought by
Fairmount Capital Partners Llc
Seller's Agent
Pedrin Valbuena
Pedrin of Miami Realty Inc
Buyer's Agent
Pedrin Valbuena
Pedrin of Miami Realty Inc
List Price
$585,900
Sold Price
$575,000
Premium/Discount to List
-$10,900
-1.86%
Views
7
Current Estimated Value
$550,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,204
Avg. Annual Appreciation
-6.13%

Purchase Details

Listed on
Jun 11, 2020
Closed on
Mar 15, 2021
Sold by
Fiveo Ny Inc
Bought by
Vaibuena Pedro and Vaibuena Diana
Seller's Agent
Dennis Warson
Keller Williams Realty Fort Myers and the Islands
List Price
$239,000
Sold Price
$230,000
Premium/Discount to List
-$9,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.80%

Purchase Details

Closed on
Jan 26, 2006
Sold by
Florio John P and Walters Kenneth
Bought by
Fiveo Ny Inc

Purchase Details

Closed on
Aug 31, 2004
Sold by
Vanhoef Debra Susan
Bought by
Florio John P and Walters Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 1999
Sold by
Bianco Peter A and Bianco Elsie S
Bought by
Vonhoef Debra Susan
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 Type Sale Price Title Company
Warranty Deed $575,000 None Listed On Document
Warranty Deed $230,000 Attorney
Quit Claim Deed $189,000 None Available
Warranty Deed $172,500 --
Warranty Deed $113,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $351,000 New Conventional
Previous Owner $66,000 Credit Line Revolving
Previous Owner $128,000 Purchase Money Mortgage
Previous Owner $80,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $575,000 -4.2% $666 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
09/16/2024 09/16/24 Price Changed $599,900 +2.4% $694 / Sq Ft
05/15/2024 05/15/24 For Sale $585,900 +154.7% $678 / Sq Ft
03/16/2021 03/16/21 Sold $230,000 -3.8% $266 / Sq Ft
02/14/2021 02/14/21 Pending -- -- --
06/11/2020 06/11/20 For Sale $239,000 -- $277 / 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 $3,020 $311,628 $0 $0
2022 $2,778 $283,298 $0 $283,298
2021 $2,207 $215,040 $0 $215,040
2020 $2,095 $206,400 $0 $206,400
2019 $2,030 $197,760 $0 $197,760
2018 $1,902 $182,227 $0 $0
2017 $1,783 $165,661 $0 $0
2016 $1,647 $150,601 $0 $0
2015 $1,506 $136,910 $0 $0
2014 $1,340 $124,464 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 224039249

Naples Area Board of REALTORS®

APN: 15906040007