1500 5th Ave S 2-350, NAPLES, FL 34102
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  • MLS#: 216039158 ( Multi-Family )
  • Street Address: 1500 5th Ave S 2-350
  • Viewed: 71
  • Price: $299,000
  • Price sqft: $
  • Waterfront: Yes
  • Wateraccess: Yes
  • Year Built: 2008
  • Bldg sqft: 0
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • Additional Information
  • Geolocation: 26.1388 / -81.784
  • County: COLLIER
  • City: NAPLES
  • Zipcode: 34102
  • Subdivision: Naples Bay Resort
  • Provided by: John R. Wood Properties
  • Bonita Springs-Estero Association of REALTORS┬«, Inc
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  • Description
    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 stones 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. $5,000 credit towards closing costs.
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Features
Building and Construction
  • Construction: Concrete Block
  • Exterior Features: None
  • Exterior Finish: Stucco
  • Flooring: Carpet, Tile
  • Gulf Access Type: No Bridge(s)/Water Direct
  • Roof: Built-Up or Flat
  • Sourceof Measure Lot Dimensions: See Remarks
  • Sourceof Measurements: See Remarks
Land Information
  • Lot Description: 5 Plus Lots, See Remarks
  • Subdivision Number: 066600
Eco-Communities
  • Irrigation: See Remarks
  • Water: Central
Utilities
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Pets: Not Allowed
  • Sewer: Central
  • Sprinkler Source: Recycled
  • Windows: Other, Solar Tinted
Amenities
  • Amenities: 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
  • Elevator: Common
Finance and Tax Information
  • Annual Expenses: 52000.00
  • Annual Net Operating Income: 1.00
  • Tax Year: 2019
  • Transfer Fee: 0.00
Rental Information
  • Tenant Pays: See Remarks
Other Features
  • Boat Access: Concrete Dock, Dock Lease, Dock Purchase, Elec Avail at dock
  • Development: NAPLES BAY RESORT
  • Information Available: Other See Remarks
  • Last Change Type: Price Decrease
  • Legal Desc: HOTEL AT NAPLES BAY RESORT, THE A CONDOMINIUM BLDG 2-315
  • Area Major: NA08 - Royal Harbor-Windstar Are
  • Mls: Bonita Springs
  • Parcel Number: 10160001366
  • Possession: See Remarks
  • Special Information: Deed Restrictions
  • The Range: 25
  • Unit Number: 2-350
  • Views: 71
  • Zoning Code: condominum