Lake View Condo in
8275 Key Royal Circle 1121, Naples, FL 34119
Two-bedroom, two-bathroom condo with lake views and ample storage.
Type:Condo/Townhome
Property size:
1,106 SFPrice / SF:
$216/SF- Added:
- Feb 1, 2025
- Days on Market:
- 482
- Last Refresh:
- May 19 at 10:27 pm
Property Features for 8275 Key Royal Circle 1121
General Information
- Standard status
- Active
- Size
- 1,106 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2004
Listing agent Cassady Curtin License #258029846 (239) 380-0987
Listing office Premier Property Management (239) 380-0987
Listing date Feb 1, 2025
Source Exitrealty
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 Premier Property Management
HighLights
- Stunning lake views
- Gated Key Royal community
- Just 15 minutes from the Gulf of Mexico and Naples beaches
- Excellent school district
- Spacious walk‑in closets in both bedrooms
- Convenient access to I‑75, Immokalee Road, and 951
Overview
This second-floor condo, located in the gated Key Royal community, features two bedrooms and two bathrooms. Upon entry, residents are greeted with views of the lake. Both bedrooms include walk-in closets, providing storage space. The property's layout is designed to accommodate both relaxation and entertainment. Situated approximately 15 minutes from the Gulf of Mexico and Naples' beaches, the location provides access to I-75, Immokalee Road, and 951. The property is located within a school district and offers convenient access to shopping, dining, and recreational options in North Naples. The property size is 1106 square feet.
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 | $28.8k | $26.04 |
| − Vacancy | −$1.5k | −$1.35 |
| EGI | $27.3k | $24.69 |
| − OpEx | −$12.3k | −$11.11 |
| NOI | $15.0k | $13.58 |
1,106 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$214.5K
$187.7K – $250.3K
NOI $15,016 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.9K
$388.4K – $517.9K
NOI $31,072 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Location Insight
- Map
- Local Demand
- City
- Naples
- County
- Collier
- State
- Florida
- Longitude
- -81.6983332
- Latitude
- 26.2704682
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Two-bedroom, two-bathroom condo with lake views and ample storage.
Where is this residential income property located?
The property is located at 8275 Key Royal Circle 1121 Naples, FL.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Stunning lake views; Gated Key Royal community; Just 15 minutes from the Gulf of Mexico and Naples beaches
