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Remodeled End Unit with Garages

15450 Cedarwood Lane 101 Naples, FL 34110

15450 Cedarwood Lane 101, Naples, FL, 34110
$519,900
For Sale
$519,900

Remodeled 3-bedroom end unit with courtyard, lake views, garages.

Property Size1,520 SF
Price / SF$342.04
Days on Market529

Property Features for 15450 Cedarwood Lane 101

General Information

Standard status
Active
Size
1,520 SF
Property subtype
Condo/Townhome

Building Details

Year Built
1985
Listing Agency John R Wood Properties
Listed by Lisa Johnson, PA · License #249516912
Source Exitrealty
Added: Feb 6, 2025 Updated: Jul 6 at 12:26 pm Checked: Jul 19 at 5:02 am

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John R Wood Properties


Investment Insights

Based on property information with market context.

This remodeled first-floor end unit features 3 bedrooms and 2 bathrooms. The property includes an expansive courtyard entrance suitable for entertaining, along with two detached garages. One garage is equipped with air conditioning and a built-in bench with a cabinet, and both have epoxy-coated floors and new garage doors. The unit benefits from natural light throughout. The kitchen features custom cherry wood cabinets, granite countertops, a tile backsplash, under-cabinet lighting, and stainless steel appliances, including a side-by-side smart LG refrigerator with an InstaView feature. The floor plan includes 18x18 tiles and 4-inch baseboards. Plantation shutters, updated fans, and remote motorized blinds on the lanai enhance the home's appeal. The bathrooms have been remodeled, and the primary suite includes a custom closet. The lanai has been incorporated into the living space, providing panoramic views. Hurricane impact glass is installed on the lanai. The courtyard and lanai are professionally paved and include storage under the stairway with power access. The property offers eastern lake views. Bay Forest provides amenities such as walking paths, a boardwalk, a fishing pier, tennis courts, pickleball courts, bocce ball, a fitness center, and a swimming pool. The clubhouse has plans for remodeling in the near future. The community spans 150 acres bordering the backwaters of the Gulf.

Key Highlights

  • Remodeled 3‑bedroom, 2‑bath first‑floor end unit with expansive courtyard and lake views.
  • Two detached garages, one with A/C and built‑in bench/cabinet.
  • Chef's kitchen with custom cherry wood cabinets, granite countertops, and stainless steel appliances.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $39.6k $26.04
− Vacancy −$2.1k −$1.35
EGI $37.5k $24.69
− OpEx −$16.9k −$11.11
NOI $20.6k $13.58
1,520 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$294.8K
$258.0K – $344.0K (±1% cap)
NOI $20,637 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$610.0K
$533.8K – $711.7K (±1% cap)
NOI $42,703 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Law Firm Hair Salon Skin Care Clinic Garden Center Dental Office Carpet & Flooring Store Parking Lot & Garage Real Estate Agency Pet Grooming Service Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Residential income property - Remodeled 3-bedroom end unit with courtyard, lake views, garages.
Where is this residential income property located?
The property is located at 15450 Cedarwood Lane 101 Naples, FL.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Remodeled 3‑bedroom, 2‑bath first‑floor end unit with expansive courtyard and lake views.; Two detached garages, one with A/C and built‑in bench/cabinet.; Chef's kitchen with custom cherry wood cabinets, granite countertops, and stainless steel appliances.
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