Contemporary Corner Residential Income
For Sale
$325,000
5683 Mayflower Way, Ave Maria, FL 34142
Residential, 2 Story, Carriage/Coach, Contemporary, Corner, Duplex, End-Unit, Penthouse, Traditional, AVE MARIA, FL
Property Size1,815 SF
Price / SF$179.06
Days on Market196
Property Features for 5683 Mayflower Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Den, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Laundry Room
Parking
1
Parking features
Driveway, Covered
Security features
Security System
Window features
Window Coverings
Patio and Porch features
Porch
Interior features
Built-In Cabinets, Cathedral Ceiling(s), Closet Cabinets, Fire Sprinkler, Foyer, French Doors, Laundry Tub, Pantry, Pull Down Stairs, Smoke Detectors, Tray Ceiling(s), Volume Ceiling, Walk-In Closet(s), Window Coverings
Exterior features
Screened Balcony, Screened Lanai/Porch
Appliances
Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Refrigerator/Freezer, Refrigerator/Icemaker, Self Cleaning Oven, Washer
Subdivision
DEL WEBB
Lot features
Corner Lot, Zero Lot Line, Corner Lot, Zero Lot Line
Standard status
Active
APN
59940005323
Size
1,815 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
MAYFLOWER WAY SECTION IV A CONDOMINIUM UNIT 908
Tax Annual Amount
3683
HOA Fee
$9,436 Annually
Legal Description
MAYFLOWER WAY SECTION IV A CONDOMINIUM UNIT 908
Utilities
Heating system
Electric (Heating), Heat Pump (Heating), Central
Cooling system
Central Air, Electric, Heat Pump, Ceiling Fan(s), Exhaust Fan (Cooling)
Amenities
resort-style pools
fitness facilities
pickleball
tennis
walking trails
social clubs
private balcony
hurricane-impact windows
security system
central air conditioning
Building Details
Year built
2024
Floors in Building
2
Number of units
8
Flooring type
Tile
Building materials
Concrete Block, Poured Concrete, Stucco
Roof type
Tile
Architectural style
Contemporary
Additional Structures
Cabana
Listing Agency:
William Raveis Real Estate
(239) 529-5451
Listed By:
Jennifer Rosenwald · License #NAPLES-249526179
(239) 601-0605
Added: Feb 19
Changed: Aug 24
Last Checked: Sep 3 at 1:06PM
MLS# 226008295
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2024, this 1,815-square-foot contemporary corner residence offers three bedrooms, two bathrooms, a den, and a private attached garage. The open layout includes a modern kitchen with upgraded appliances, backsplash, pendant fixtures, pantry, and dining-area lighting. Custom closet systems extend through the bedrooms, pantry, laundry room, primary bath water closets, and garage. Additional improvements include custom staircase flooring, blinds, balcony shades, ceiling fans, shower shelving, laundry cabinetry, and an epoxy garage floor.
Hurricane-impact windows and sliders, central air conditioning, a whole-home surge protector, security equipment, and high-speed internet capability add functional appeal. Outdoor space includes a screened balcony and screened porch area. Community amenities include resort-style pools, fitness facilities, pickleball and tennis courts, walking trails, social clubs, and organized activities. The community is golf-cart friendly and provides access to nearby dining, shopping, recreation, and golf.
Hurricane-impact windows and sliders, central air conditioning, a whole-home surge protector, security equipment, and high-speed internet capability add functional appeal. Outdoor space includes a screened balcony and screened porch area. Community amenities include resort-style pools, fitness facilities, pickleball and tennis courts, walking trails, social clubs, and organized activities. The community is golf-cart friendly and provides access to nearby dining, shopping, recreation, and golf.
Key Highlights
- 1,815 SF contemporary corner residence built in 2024
- Three bedrooms, two bathrooms, a den, and private attached garage
- Upgraded kitchen with premium appliances, backsplash, pendant lighting, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,643
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,860
$492.9K
Cap Rate 7%
$352,043
$352.0K
Cap Rate 9%
$273,811
$273.8K
Market Conditions
NOI Build-Up for 1,815 SF
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.
Gross rent
$47.3K $26.04/SF
− Vacancy
−$2.5K −$1.35/SF
EGI
$44.8K $24.69/SF
− OpEx
−$20.2K −$11.11/SF
NOI
$24.6K $13.58/SF
Area
Collier County, FL
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,860
Cap Rate 7%
$352,043
Cap Rate 9%
$273,811
Alternative Uses
Best Use
Apartment 5plus
$352.0K
$308.0K – $410.7K
NOI $24,643 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$728.4K
$637.4K – $849.9K
NOI $50,991 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 34142, FL
31,327
Population
10,002
Households
3.1
Avg Household Size
30
Median Age
15%
College-Educated
63%
High-School Grad
625.9 sq mi
ZIP Area
50
Density / Sq Mi
$57,656
Median Household Income
$27,809
Median Earnings
$989
Median Rent
$296,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Newer corner residence with upgraded interiors, private outdoor space, and an attached garage in an active-adult community.
Where is this residential income property located?
The property is located at 5683 Mayflower Way Ave Maria, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,815 SF contemporary corner residence built in 2024; Three bedrooms, two bathrooms, a den, and private attached garage; Upgraded kitchen with premium appliances, backsplash, pendant lighting, and pantry
