Condo with Pond
208 Furse Lakes Circle D9 Naples, FL 34104
208 Furse Lakes Circle D9, Naples, FL, 34104
$289,900
For Sale
$289,900
Condo with pond view, convenient location in Naples, Florida.
Property Size1,239 SF
Price / SF$233.98
Days on Market679
Property Features for 208 Furse Lakes Circle D9
General Information
- Standard status
- Active
- Size
- 1,239 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1991
Listing agency
Mato Realty, LLC
(239) 784-2104
Listed by
Diana Chavez · License #249528759
(239) 784-2104
Source
Exitrealty
Added: Sep 11, 2024 Updated: Jul 10 at 1:05PM Checked: Jul 21 at 4:14AM
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 Mato Realty, LLC
Investment Insights
Based on property information with market context.
This condominium offers a view of a pond. The unit features a vaulted ceiling that provides lighting. It includes a large living and dining area suitable for entertaining. The bedrooms are arranged in a split floor plan, offering privacy. The property is conveniently located within a 5-minute drive to pharmacies, grocery stores, restaurants, bowling alleys, and gas stations. Additionally, I-75 is within 10 minutes, and downtown Naples and beaches are within 15 minutes. The property has a size of 1239 square feet.
Key Highlights
- Pond view upon entry.
- Convenient location: enjoy a quick 5‑minute drive to pharmacies, grocery stores, restaurants, and more.
- Easy access to I‑75 (10 minutes).
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 | $32.3k | $26.04 |
| − Vacancy | −$1.7k | −$1.35 |
| EGI | $30.6k | $24.69 |
| − OpEx | −$13.8k | −$11.11 |
| NOI | $16.8k | $13.58 |
1,239 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$240.3K
$210.3K – $280.4K
NOI $16,822 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.3K
$435.1K – $580.2K
NOI $34,809 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Computer Solution
Tech Support Center
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FAQs
What type of property is this?
Residential income property - Condo with pond view, convenient location in Naples, Florida.
Where is this residential income property located?
The property is located at 208 Furse Lakes Circle D9 Naples, FL.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Pond view upon entry.; Convenient location: enjoy a quick 5‑minute drive to pharmacies, grocery stores, restaurants, and more.; Easy access to I‑75 (10 minutes).
