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Want To Invest in a CNN Money Top Ten Real Estate Turn Around City? Consider Naples Cay Resort

Posted on Thursday, February 09, 2012

I stopped by Bellasera yesterday and followed up on some contract information for one of my clients yesterday. We featured Bellasera as a possible Naples real estate investment opportunity in the blog recently and I thought it would make sense to feature some other properties as well. I like Bellasera’s combination of amenities, beach proximity and daily rental capability as an investment candidate. Bellasera may be unique with its daily rental program but let’s take a look at properties with weekly rentals.

Naples Cay Resort is one such community. The resort, right on the beach with some pretty spectacular views of the Gulf Mexico has a number of different Towers and price points. My rough look at this shows on the low end a two bedroom unit for $625,000 sold last year in the Club at Naples Cay. Current rent as advertised at $2,900 per week With 7,221 in current taxes and 11,760 in annual HOA fees.

There are a number of different towers and price points within Naples Cay. For example, I found 23 properties for sale this morning at Naples Cay. One such property asking $945,000  is in the Westshore tower.  It is the lowest priced unit in the Westshore Tower with an address of  50 seagate drive #204.  The MLS description states  “Enjoy wonderful views of the Gulf and Bay from this 3 BR, 2 BA corner unit. High enough to benefit from lovely waterfront views on two sides and low enough to enjoy close-up views of the quiet mangrove preserve, its wildlife, and the grounds, you will be tucked into this quiet corner of Naples Cay and its many amenities. Just steps to the beach or a short stroll to Waterside shopping and the Philharmonic Center for the Arts. PLUS-great rental potential! “

As an avid cyclist I also like the location in the Seagate area as it provides great north south access by bike – ride south down to 5th avenue and hang out at Fifth Avenue Coffee with the bike gangs or head north up through Pelican Bay and connect to the east west Vanderbilt Road bike lane to travel further east and north for some longer rides.

So this one appears to have good rental capability with the weekly program, beach proximity, Waterside Shop (think Nordy’s, good restaurants, lots of boutiques) and the Phil. Seems like a good candidate for someone looking for a higher end property to rent.

Give us a call or email and let us know your thoughts if interested.

No legal, investment, or tax advice is being given in this Blog.  Consult with legal, financial and tax professionals before acting on any real estate transaction.  Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
Mark Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921
Facebook: NaplesBestAddresses
Twitter @mcgoebel
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