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60-Unit Villa Condo Portfolio
For Sale
$12,500,000

161 Santa Clara Dr, Naples, FL 34104

Commercial Sale, NAPLES, FL

Property SizeContact for details
Days on Market418

Property Features for 161 Santa Clara Dr

General Information

Property type Commercial Sale
Property subtype Other
Zoning 408 - APT CONVERSION
Standard status Active
APN 46573002764

Taxes and HOA fees

Tax Year 2024
Tax Description GRANADA LAKES VILLAS CONDOMINIUM BLDG (See Parcel List with Legal Descriptions PDF)
Tax Annual Amount 88023
Legal Description GRANADA LAKES VILLAS CONDOMINIUM BLDG (See Parcel List with Legal Descriptions PDF)

Amenities

two pools
spa
fitness center
tennis courts
clubhouse
playground
private screened lanai

Building Details

Year built 1987
Listing Agency: Premiere Plus Realty Company
Listed By: Vincent Rigoni, PA
Added: Aug 18, 2025 Changed: Oct 7 Last Checked: Oct 9 at 7:06AM
MLS# 226036274

Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 60-residence portfolio comprises villa condominiums in a gated community of 248 units. The mix includes one-bedroom, two-bedroom, and two-bedroom-plus-den layouts. Many residences have been updated in recent years, with some work completed within the past few months. Interior features include tile floors, stainless steel appliances, shaker-style cabinetry, granite countertops, and screened lanais. Community amenities include two pools, a spa, fitness center, tennis courts, clubhouse, and playground. Property-wide work includes roof replacement, exterior painting, resurfaced parking, and updates to the clubhouse, pool, fitness room, and playground.

The property is in Naples, with access to I-75, shopping, and dining. The beaches are approximately 7 miles away, a 15–20-minute trip, and 5th Avenue is also nearby.

Key Highlights

  • 60 villa condominiums within a 248‑unit gated community
  • Unit mix includes one‑bedroom, two‑bedroom, and two‑bedroom‑plus‑den residences
  • Many interiors remodeled in recent years; some work completed within the past few months

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Real Estate Agency Auto Repair Shop Skin Care Clinic Kitchen & Bath Showroom Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

60
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

336
Businesses Nearby

Demographics for 34104, FL

25,485
Population
16,062
Households
1.6
Avg Household Size
53
Median Age
33%
College-Educated
91%
High-School Grad
9.9 sq mi
ZIP Area
2,574
Density / Sq Mi
$70,301
Median Household Income
$40,680
Median Earnings
$1,742
Median Rent
$348,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - A mix of one- and two-bedroom residences includes private screened lanais and access to shared community amenities.
Where is this multifamily property located?
The property is located at 161 Santa Clara Dr Naples, FL.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 60 villa condominiums within a 248‑unit gated community; Unit mix includes one‑bedroom, two‑bedroom, and two‑bedroom‑plus‑den residences; Many interiors remodeled in recent years; some work completed within the past few months
More about this property
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