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R.109 -This is a condominium hotel. Owner's use is restricted to 60 days per year. The balance of time it is available for nightly rental to the general public. Current rental incomes are between $26K and $30K with expenses in the $35K to $36K per year range. Rental rates have been on the rise and expect positive cash flows within the foreseeable future. Cash flow was slightly positive Feb 2019. The resort is located at a one of a kind spot right on Naples Bay and a stone’s throw from the ‘Worth Ave’ of SW Florida, 5th Avenue South. This amenity rich resort is situated in an idyllic waterfront setting and features chic waterfront dining and shopping, euro style spa, 4 pools including lap and lazy river style, state of the art fitness and tennis, a 97 slip marina and much more! This two bedroom home enjoys a balcony with a breathtaking view of the basin and marina and an excellent rental history. Shuttle to the beach and shopping areas; rent bikes, standup paddle boards or kayaks. Fully staffed Tennis Center and six lighted Har Tru courts.Stroll the waterfront for Dining and shopping right on site with top notch venues for your enjoyment.
NA08 - Royal Harbor-Windstar Are
Beach Access, Clubhouse, Community Pool, Community Room, Community Spa/Hot tub, Concierge Services, Fitness Center Attended, Full Service Spa, Marina, Restaurant, Sauna, Sidewalk, Streetlight, Tennis Court, Underground Utility
Basin, Navigable, See Remarks, Seawall
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2019 Southwest Florida MLS organizations.. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
The data relating to real estate for sale on this Website come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than William Raveis Real Estate are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program.
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