Wedgewood Penthouse with Golf
26880 Wedgewood Drive 501 Bonita Springs, FL 34134
For Sale
$895,000
Pending
Remodeled 3-bedroom penthouse with golf course views and Bonita Bay amenities.
Property Size2,841 SF
Days on Market491
Property Features for 26880 Wedgewood Drive 501
General Information
- Standard status
- Pending
- Size
- 2,841 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1992
Listing Agency:
John R Wood Properties
(239) 405-0541
Listed By:
Lynette Grout · License #251504266
(239) 405-0541
Source:
Exitrealty
Added: Mar 20, 2025
Changed: Jul 10
Last Checked: Jul 23 at 6:29AM
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 two-story penthouse condo in Wedgewood at Bonita Bay features 3 bedrooms and 3.5 bathrooms within its 2,841 sq. ft. of living space. The top-floor unit has been recently remodeled and offers golf course views. Coastal oak flooring extends throughout the residence, which includes a family room with a wet bar and a living room. The kitchen is equipped with high-end appliances and a breakfast bar, adjacent to a dining room. The upstairs primary suite overlooks the golf course and includes a bathroom with a spacious shower. Additional features include vaulted ceilings, skylights, walk-in closets, and a large laundry room with a sink. A 12x12 storage room is included. The property also benefits from a two-car detached garage and access to a community pool, tennis courts, and a pavilion. Residents can access Bonita Bay amenities, including golf courses, a tennis center, a fitness center, a spa, a marina, a Gulf-front beach park, dining options, pickleball courts, and recreational activities.
Key Highlights
- Rare two‑story penthouse in Bonita Bay's Wedgewood community.
- Recently remodeled with 2,841 sq. ft. of luxurious living space.
- Breathtaking golf course views from the upstairs primary suite.
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 | $66.1k | $23.28 |
| − Vacancy | −$2.8k | −$0.98 |
| EGI | $63.4k | $22.30 |
| − OpEx | −$28.5k | −$10.04 |
| NOI | $34.8k | $12.27 |
2,841 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$497.8K
$435.6K – $580.8K
NOI $34,848 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$894.2K
$782.4K – $1.04M
NOI $62,593 @ 7.0% cap · market cap 6.99%
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
FAQs
What type of property is this?
Residential income property - Remodeled 3-bedroom penthouse with golf course views and Bonita Bay amenities.
Where is this residential income property located?
The property is located at 26880 Wedgewood Drive 501 Bonita Springs, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Rare two‑story penthouse in Bonita Bay's Wedgewood community.; Recently remodeled with **2,841 sq. ft. of luxurious living space.**; Breathtaking **golf course views from the upstairs primary suite.**
