1500 5th Avenue South, Unit 2350

Naples, FL 34102

$350,000
Price
2
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Property Details for 1500 5th Avenue South, Unit 2350

StatusActive
MLS #216039158
Year Built2008
DOM1243
Compass TypeMulti Family
MLS TypeResidential Income
Lot Size0.00 AC / 0 SF
Taxes$1,446.61 / year
Condo/Co-op Fees-
HOA Fees-
CountyCollier County

Listing Agent

Mal Griffin

John R. Wood Properties

malgriffin@comcast.net

P: (239) 398-9908

M: (239) 398-9908

Contact Agent(s)

Property Details for 1500 5th Avenue South, Unit 2350

Development
NAPLES BAY RESORT
Building Design
Quadraplex
Community Type
Boating, Condo/Hotel, No Subdivision, Tennis
Waterfront
Yes
Waterfront Description
Basin, Navigable, Seawall, See Remarks
Township
50
Pets
Not Allowed

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 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.

Location

Listing Courtesy of John R. Wood Properties, Mal Griffin; John R. Wood Properties, Sarah Thompson

Building Information for 1500 5th Avenue South, Unit 2350

Stories-Residences85Year Built2008Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$1,379 per month

30 year fixed, 3.51% Interest

Principal and Interest

$1,259

Property Taxes

$121

HOA Dues

$0

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Property Information for 1500 5th Avenue South, Unit 2350

Summary
    Location and General Information
  • Block: 2
  • 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
  • Full Address: 1500 5th AVE S 2-350
  • Directions: Hotel is located on the southeast side of the Gordon River bridge. The unit number is 350, not the 315 shown in the legal.
    Taxes and HOA Information
  • Tax Description: City And County
  • Tax District Type: Not Applicable
  • Tax Year: 2017
  • Transfer Fee: $.00
Property
    Lot Information
  • Subdivision Number: 066600
  • Acres: 0.0
  • Legal Description: HOTEL AT NAPLES BAY RESORT,THE A CONDOMINIUM BLDG 2-315
  • Legal Unit: 0
  • Lot Back: 0
  • Lot Description: 5 Plus Lots, See Remarks
  • Lot Frontage: 0
  • Lot Left: 0
  • Lot Right: 0
  • Lot Unit: 315
  • Parcel Number: 10160001366
  • Section: 3
  • Source of Measure Lot Dimensions: See Remarks
  • Source of Measurements: See Remarks
    Property and Assessments
  • Possession: See Remarks
  • Range: 25
  • Special Information: Deed Restrictions
  • Sub Condo Name: NAPLES BAY RESORT
  • Zoning Code: condominum
    Utilities
  • Sewer: Central
  • Water: Central
  • Cable Available: Yes
  • Heat: Central Electric
  • Cooling: Ceiling Fans, Central Electric
Multi Family
    Multi-Family Information
  • Unit Count: 1
  • Annual Expenses: $52,000.00
  • Annual Net Operating Income: $1.00
  • Gross Rental Income: $49,433.00
  • Information Available: Other See Remarks
  • Units in Building: 85
  • Sprinkler Source: Recycled
  • Tenant Pays: See Remarks
  • Terms: Buyer Finance/Cash
    Unit 1
  • Living Area: 1254.0
  • Rooms: Great Room, Laundry in Residence, Open Lanai/Porch
  • Bedrooms: 2 Bed
  • Full Baths: 2
  • Half Baths: 0
  • Furnished: Turnkey
  • Equipment: Cable Available, Ceiling Fan(s), Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Ice, Smoke Detector, Washer, Window Covering
  • Parking: 1 Assigned
  • Garage Type: Detached
  • Garage Spaces: 1
  • Car Port Spaces: 0
  • Monthly Gross Income: $0
  • Efficiency: No
Interior and Exterior Features
    Exterior Features
  • Exterior Features: None
  • Exterior Finish: Stucco
  • Gulf Access Type: No Bridge(s)/Water Direct
  • Gulf Access: Yes
  • Irrigation: See Remarks
  • Boat Access: Concrete Dock, Dock Lease, Dock Purchase, Elec Avail at dock
  • Roof: Built-Up or Flat
  • Canal Width: None
  • Construction: Concrete Block
  • Windows: Other, Solar Tinted
  • Private Pool: No
  • Private Spa: No
    Interior Features
  • Beds Total: 2
  • Elevator: Common
  • Flooring: Carpet, Tile

Property History for 1500 5th Avenue South, Unit 2350

DateEvent & SourcePriceAppreciation
Aug 27, 2019Price Change

BEARMLS #216039158

$350,000
Apr 9, 2019Price Change

BEARMLS #216039158

$390,000
Jun 15, 2016Listed (Active)

BEARMLS #216039158

$549,000
DateEvent & SourcePrice
08/27/2019
Price Change

BEARMLS #216039158

$350,000
04/09/2019
Price Change

BEARMLS #216039158

$390,000
06/15/2016
Listed (Active)

BEARMLS #216039158

$549,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1500 5th Avenue South, Unit 2350

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Saint Ann SchoolPrivatePK-80.8 mi
NR
Gulfview Middle SchoolPublic6-80.9 mi
9
Beacon High SchoolPublic9-121.3 mi
NR
Lorenzo Walker Technical High SchoolPublic9-121.4 mi
8

Saint Ann School

PK-8, 0.8 mi, Private

NR

Gulfview Middle School

6-8, 0.9 mi, Public

9

Beacon High School

9-12, 1.3 mi, Public

NR

Lorenzo Walker Technical High School

9-12, 1.4 mi, Public

8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1500 5th Avenue South, Unit 2350 is a multi-family home for sale in Naples, FL 34102. This property was listed for sale on June 15, 2016 by John R. Wood Properties at $350,000. Nearby schools include Mason Classical Academy, The Phoenix Program-Immokalee and Immokalee Teen Parenting Prog. 1500 5th Avenue South, Unit 2350 is a 2-bed, 2-bath, multi-family home built in 2008.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of John R. Wood Properties, Mal Griffin; John R. Wood Properties, Sarah Thompson
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