NOT LISTED FOR SALE

Estimated Value: $718,000 - $815,000

3 Beds
2 Baths
1,712 Sq Ft
$448/Sq Ft Est. Value

Last Sold May 14, 2025

Last sale price $799,000 $467 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,344/month

105 Days on Market

Highlights

  • Screened Pool
  • Golf Course View
  • Walk-In Pantry
  • Gated Community
  • Screened Porch
  • Shutters

About This Home

As of May 2025

Current mortgage is assumable by the buyer with lender approval - potentially saving the new owners hundreds of dollars per month vs the current average market interest rate! Welcome to this beautiful 3 bedroom, 2 bathroom home in the prestigious gated community of Masters Reserve at Lely Resort. This home offers an ideal blend of comfort, elegance, and convenience, with LOW HOA fees. Step inside to find a well-appointed kitchen featuring granite countertops, elegant tall cabinets, and stainless steel appliances, perfect for the home chef. The open floor plan flows seamlessly, leading out to an expansive lanai with a private pool and spa, where you can relax and enjoy sweeping views of the lush golf course. Located on the Mustang Course, the sunset views across Hole 2 set the view from this home's lanai in a class of their own! The home includes hurricane shutters for added safety and custom cabinets in the garage for ample storage. Masters Reserve is located in one of Naples’ most desirable areas, just minutes from world-class dining, shopping, entertainment, and beautiful white sand beaches. Embrace the best of laidback Florida living in this charming home that perfectly combines tranquility, luxury, and prime location. While membership to the Player's Club and Spa is NOT required, a transferable membership is available if desired.

Last Agent to Sell the Property

Lisa Iverson

KW Elevate Luxury Listed on: 11/16/2024

KW Elevate Luxury

Last Buyer's Agent

Joseph Barrett

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,128

Year Built

  • Built in 2003

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions: 60
  • Southwest Facing Home
  • Gated Home
  • Paved or Partially Paved Lot
  • Sprinkler System

HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Deeded Parking

Home Design

  • Entry on the 1st floor
  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • 1,712 Sq Ft Home
  • 1-Story Property
  • Shutters
  • Single Hung Windows
  • Sliding Windows
  • Screened Porch
  • Vinyl Flooring
  • Golf Course Views
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • In-Law or Guest Suite
  • 2 Full Bathrooms
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Pool

  • Screened Pool
  • Heated Pool and Spa
  • Concrete Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Screened Spa

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 59937001107
  • $1,200 special tax assessment
  • $250 Seller Concession

Community Details

Overview

  • $500 Additional Association Fee
  • Lely Resort Community
  • Mandatory home owners association

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,128

Year Built

Built in 2003

Lot Details

0

HOA Fees

$241 per month

Parking

2

Listing Details

  • Legal Description: MASTERS RESERVE LOT 36
  • Property Type: Residential
  • Table: Residential
  • Building Design: Single Family
  • Building Description: 1 Story/Ranch
  • Storm Protection: Shutters
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 1
  • Price Per Sq Ft: 466.71
  • Total Floors: 1
  • Additional Rooms: Guest Bath, Guest Room, Laundry in Residence, Screened Lanai/Porch
  • Estimated Living Area: 1712
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedroom Description: Split Bedrooms
  • Bedrooms: 3 Bed
  • Total Bedrooms: 3
  • Dining Room: Breakfast Bar, Eat-in Kitchen
  • Equipment: Auto Garage Door, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Icemaker, Self Cleaning Oven, Smoke Detector, Washer
  • Flooring: Vinyl
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Laundry Tub, Pantry, Smoke Detectors, Walk-In Closet
  • Kitchen: Built-In Desk, Walk-In Pantry
  • Primary Bathroom: Separate Tub And Shower
  • Windows: Single Hung, Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: Yes
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Central, Reclaimed
  • Road: Paved Road, Private Road
  • View: Golf Course
  • Exterior Features: Sprinkler Auto
  • Exterior Finish: Stucco
  • Private Pool Type: Below Ground, Concrete, Heated Electric, Screened
  • Private Spa Type: Below Ground, Concrete, Heated Electric, Pool Integrated, Screened

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: Driveway Paved

Utilities

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

Condo/Co-op/Association

  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Architectural, Deeded, No Commercial, No Motorcycles, No RV
  • Sub Condo Name: MASTERS RESERVE
  • HOA Fees: 700
  • HOA Fee Frequency: Quarterly
  • Maintenance: Insurance, Lawn/Land Maintenance, Legal/Accounting, Manager, Reserve
  • Master Hoa Fee: 100
  • Master HOA Fee Frequency: Annually
  • Development Name: LELY RESORT

Association/Amenities

  • Pets: With Approval
  • Development: Lely Resort
  • Amenities: Sidewalk
  • Community Type: Gated
  • Units In Building: 1
  • Total Number of Units: 136

Fee Information

  • One Time Other Fee: 500
  • One Time Special Assessment Fee: 1200

Lot Info

  • Builder Product: No
  • Section: 28
  • Total Area: 2528
  • Waterfront: No
  • Acres: 0.2100
  • Rear Exposure: Southwest
  • Lot Description: Golf Course, Regular
  • Lot Dimensions: 60 X 150 X 55 X 172
  • Parcel Number: 59937001107

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 12
  • Min Days Of Lease: 30

Tax Info

  • Tax Description: City And County, Homestead
  • Tax District Type: Community Development District
  • Taxes: 1128.46
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2024
Closed on
Apr 29, 2025
Sold by
Martin Cathy L
Bought by
Feldberg Adam and Feldberg Nichole
Seller's Agent
Lisa Iverson
KW Elevate Luxury
Buyer's Agent
Joseph Barrett
Coldwell Banker Realty
List Price
$899,000
Sold Price
$799,000
Premium/Discount to List
-$100,000
-11.12%
Views
251
Current Estimated Value
$766,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,387
Avg. Annual Appreciation
-6.17%

Purchase Details

Listed on
May 31, 2019
Closed on
Aug 15, 2019
Sold by
Miller Roger L and Miller Christine A
Bought by
Martin Robert L and Martin Cathy L
Seller's Agent
Jack Marsh
Premiere Plus Realty Company
Buyer's Agent
Kathy Limyansky
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA REALTY
List Price
$474,900
Sold Price
$460,000
Premium/Discount to List
-$14,900
-3.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.08%
Original Mortgage
$400,000
Interest Rate
3.7%
Mortgage Type
VA

Purchase Details

Closed on
Aug 4, 2003
Sold by
Stock Dev L L C
Bought by
Miller Roger L and Miller Christine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Feldberg Adam $799,000 None Listed On Document
Feldberg Adam $799,000 None Listed On Document
Martin Robert L $460,000 Attorney
Miller Roger L $412,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Robert L $400,000
Previous Owner Miller Roger L $322,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2025 05/14/25 Sold $799,000 0.0% $467 / Sq Ft
03/01/2025 03/01/25 Pending -- -- --
02/28/2025 02/28/25 Price Changed $799,000 -8.7% $467 / Sq Ft
01/15/2025 01/15/25 Price Changed $874,900 -2.7% $511 / Sq Ft
12/15/2024 12/15/24 For Sale $899,000 0.0% $525 / Sq Ft
12/15/2024 12/15/24 Pending -- -- --
11/16/2024 11/16/24 For Sale $899,000 +95.4% $525 / Sq Ft
08/15/2019 08/15/19 Sold $460,000 -3.1% $269 / Sq Ft View Prior Sale
06/11/2019 06/11/19 Pending -- -- --
05/31/2019 05/31/19 For Sale $474,900 -- $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
2025 $1,135 $855,123 $574,992 $280,131
2024 $1,128 $423,482 -- --
2023 $1,128 $411,148 -- --
2022 $1,110 $399,173 $0 $0
2021 $1,043 $387,547 $98,778 $288,769
2020 $1,019 $387,199 $108,799 $278,400
2019 $4,635 $356,727 $0 $0
2018 $4,549 $350,076 $0 $0
2017 $4,430 $342,876 $0 $0
2016 $4,252 $335,824 $0 $0
2015 $4,277 $333,490 $0 $0
2014 $4,284 $280,843 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 224092179

Naples Area Board of REALTORS®

APN: 59937001107