$520,000
SOLD MAR 3, 2025

8501 Mustang Dr Unit 45 Naples, FL 34113

Lely Resort Neighborhood
3 Beds
2 Baths
1,466 Sq Ft
0.28 Acres

Recently Sold

$355 Per Sq Ft

7% Below List Price

69 Days on Market

Highlights

  • Golf Course Community
  • Great Room
  • Electric Shutters
  • Screened Pool
  • Screened Porch
  • 2 Car Attached Garage

About This Home

As of March 2025

Beautifully decorated 3 bedroom attached villa with amazing pool view. This exceptional home has many outstanding upgrades. The kitchen has refaced kitchen cabinets, new appliances and stone counter tops. Updated tile flooring throughout the home. Relax by you own private pool with landscaped view. This exceptional home faces south for plenty of sun time on the pool. Interior recently painted in lovely neutral colors. Roof replaced in 2020. Spacious two car garage. Steps away from the community pool. This well maintained home is being offered turnkey. A real asset are the electric and crank storm shutters that provide the home with hurricane protection. The Mustang Villas are know for their low Homeowners Fees. For those that prefer not to join the Players Club and Spa it is an option with this home. For those that do have an interest the Club provides 3 pools, tennis, pickleball, dining, fitness center and a busy social calendar. Lely provides two public golf courses and one private. Enjoy the very special lifestyle that Lely Resort offers. Shopping, beaches, entertainment and much more waiting for you!

Last Agent to Sell the Property

Susan Demaagd

Downing Frye Realty Inc. Listed on: 11/18/2024

Downing Frye Realty Inc.

Last Buyer's Agent

Jeff Mann

Downing Frye Realty Inc.

Downing Frye Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,854

Year Built

  • Built in 1994

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions: 68
  • South Facing Home
  • Landscaped

HOA Fees

Parking

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

Home Design

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

Interior Spaces

  • 1,466 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Electric Shutters
  • Double Hung Windows
  • Sliding Windows
  • Great Room
  • Family or Dining Combination
  • Screened Porch
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Screened Pool
  • In Ground Pool

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 60700001080
  • $500 special tax assessment

Community Details

Overview

  • 2 Units
  • Mustang Villas Condos
  • Lely Resort Community
  • Mandatory home owners association

Recreation

  • Golf Course Community
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,854

Year Built

Built in 1994

Lot Details

0

HOA Fees

$85 per month

Parking

2

Listing Details

  • Legal Description: MUSTANG VILLAS (HO) LOT 45 OR 1947 PG 2240
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.075601$-81.704979$200.85$13.33$1.00$CAoSLEFGMVFpcE5XWnV2cVZPNmtsT01qb0tGZFItZzVZZUdRTFNRU3ppUGljUWxa
  • Building Design: Villa Attached
  • Building Description: Duplex
  • Storm Protection: Electric Shutters, Shutters - Manual
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Furnished Description: Turnkey
  • Num Unit Floor: 1
  • Price Per Sq Ft: 354.71
  • Total Floors: 1
  • Additional Rooms: Great Room, Laundry in Residence, Screened Lanai/Porch
  • Estimated Living Area: 1466
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3 Bed
  • Total Bedrooms: 3
  • Dining Room: Family Dining, Eat-in Kitchen
  • Equipment: Auto Garage Door, Cooktop - Electric, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Icemaker, Washer
  • Flooring: Tile
  • Floor Plan: Great Room, Split Bedrooms
  • Interior Amenities: Pantry, Smoke Detectors, Walk-In Closet, Window Coverings
  • Kitchen: Pantry
  • Primary Bathroom: Dual Sinks, Shower Only
  • Windows: Double Hung, Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: No
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Central
  • View: Landscaped Area
  • Exterior Features: Patio
  • Exterior Finish: Stucco
  • Private Pool Type: Below Ground, Screened

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Approval: Application Fee
  • Management: Residents
  • Mandatory HOA: Yes
  • Restrictions: Deeded, No RV
  • Sub Condo Name: MUSTANG VILLAS
  • HOA Fees: 883
  • HOA Fee Frequency: Annually
  • Maintenance: Legal/Accounting, Master Association Fee Incl, Reserve, Security, Street Lights, Street Maintenance
  • Master Hoa Fee: 126
  • Master HOA Fee Frequency: Annually
  • Development Name: LELY RESORT

Association/Amenities

  • Pets: No Approval Needed
  • Development: Lely Resort
  • Amenities: Community Pool, Golf Course, Internet Access, Streetlight, Underground Utility
  • Community Type: Golf Course, Non-Gated
  • Units In Building: 2
  • Total Number of Units: 60

Fee Information

  • Application Fee: 200.00
  • One Time Special Assessment Fee: 500

Lot Info

  • Builder Product: No
  • Section: 33
  • Total Area: 1620
  • Waterfront: No
  • Acres: 0.2780
  • Rear Exposure: South
  • Lot Description: Cul-De-Sac
  • Lot Dimensions: 68 X 189 X 63 X 150
  • Parcel Number: 60700001080

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 4
  • Min Days Of Lease: 1

Tax Info

  • Tax Description: County Only
  • Tax District Type: Community Development District
  • Taxes: 2854.19
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2024
Closed on
Mar 3, 2025
Sold by
Jenkins Barrett E and Jenkins Susan E
Bought by
Casey Terence O and Casey Patricia E
Seller's Agent
Susan Demaagd
Downing Frye Realty Inc.
Buyer's Agent
Jeff Mann
Downing Frye Realty Inc.
List Price
$559,000
Sold Price
$520,000
Premium/Discount to List
-$39,000
-6.98%
Views
25
Current Estimated Value
$481,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,976
Avg. Annual Appreciation
-9.62%

Purchase Details

Closed on
May 24, 2013
Sold by
Krauss Robert W and Krauss Rosemary
Bought by
Jenkins Barrett E and Jenkins Susan E

Purchase Details

Closed on
May 16, 1994
Sold by
Mustang Dev Corp
Bought by
Krauss Robert W and Krauss Rosemary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
8.07%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $520,000 Ross Title
Warranty Deed $520,000 Ross Title
Warranty Deed $214,000 Seaview Title Company Llc
Warranty Deed $131,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $75,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2025 03/03/25 Sold $520,000 -3.5% $355 / Sq Ft
01/26/2025 01/26/25 Pending -- -- --
01/16/2025 01/16/25 Price Changed $539,000 -3.6% $368 / Sq Ft
11/18/2024 11/18/24 For Sale $559,000 -- $381 / 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 $2,886 $219,341 -- --
2024 $2,854 $213,159 -- --
2023 $2,854 $206,950 $0 $0
2022 $2,876 $200,922 $0 $0
2021 $2,822 $195,070 $0 $0
2020 $2,754 $192,377 $0 $0
2019 $2,714 $188,052 $0 $0
2018 $1,746 $103,604 $0 $0
2017 $2,589 $182,257 $0 $0
2016 $2,442 $178,508 $0 $0
2015 $2,453 $177,267 $0 $0
2014 $2,455 $125,860 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 224093684

Naples Area Board of REALTORS®

APN: 60700001080