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First-Floor Condo with Golf Membership

700 Saratoga Circle B101 Naples, FL 34104

700 Saratoga Circle B101, Naples, FL, 34104
$310,000
For Sale
Claim this Listing
$310,000

Bright condo with lake view and full golf membership included.

Property Size1,320 SF
Price / SF$234.85
AddedFeb 4, 2025
Days on Market526
Last RefreshApr 5 at 9:45 pm

Property Features for 700 Saratoga Circle B101

General Information

Standard status
Active
Size
1,320 SF
Property subtype
Condo/Townhome

Building Details

Year Built
1995

Listing office John R Wood Properties

Listing date Feb 4, 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 John R Wood Properties


Investment Insights

Based on property information with market context.

This first-floor end unit is located in Saratoga Colony within Glen Eagle Golf & Country Club and includes a full golf membership. The two-bedroom, two-bath condo features a den and offers lake views. The property has a spacious floor plan with abundant natural light and a screened lanai overlooking the water. Glen Eagle is a bundled golf community with an 18-hole course, resort-style pool, fitness center, tennis, bocce, and a clubhouse with dining and social events. Saratoga Colony has a pool, spa and tennis courts. The property is located minutes from downtown Naples and Gulf beaches. The property size is 1320 square feet.

Key Highlights

  • Full Golf Membership included in Glen Eagle Golf & Country Club
  • Enjoy lake views from this first‑floor end unit
  • Spacious 2‑bed plus den, 2‑bath condo

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 $34.4k $26.04
− Vacancy −$1.8k −$1.35
EGI $32.6k $24.69
− OpEx −$14.7k −$11.11
NOI $17.9k $13.58
1,320 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$256.0K
$224.0K – $298.7K (±1% cap)
NOI $17,922 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$529.8K
$463.6K – $618.1K (±1% cap)
NOI $37,084 @ 7.0% cap · market cap 11.96%
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 Real Estate Agency Auto Repair Shop Big Box & Wholesale Store HVAC Service Electrical Service Daycare Center Hair Salon Auto Parts Store Spa & Massage Center

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

FAQs

What type of property is this?
Residential income property - Bright condo with lake view and full golf membership included.
Where is this residential income property located?
The property is located at 700 Saratoga Circle B101 Naples, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Full Golf Membership included in Glen Eagle Golf & Country Club; Enjoy lake views from this first‑floor end unit; Spacious 2‑bed plus den, 2‑bath condo
Contact an agent
More about this property
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