Renovated End-Unit Near Vanderbilt
585 Club Side Drive 201 Naples, FL 34110
585 Club Side Drive 201, Naples, FL, 34110
$429,000
Pending
For Sale
$429,000
Pending
Spacious, renovated 2-bedroom end-unit near Vanderbilt Beach.
Property Size1,485 SF
Days on Market554
Property Features for 585 Club Side Drive 201
General Information
- Standard status
- Pending
- Size
- 1,485 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1997
Listing agency
Broker Brothers LLC
(239) 572-2600
Listed by
Kathryn Zangrilli · License #3084165
(239) 572-2600
Source
Exitrealty
Added: Jan 13, 2025 Updated: Jul 10 at 1:05PM Checked: Jul 21 at 4:52AM
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 Broker Brothers LLC
Investment Insights
Based on property information with market context.
This spacious 2-bedroom plus den end-unit, located minutes from the Gulf of Mexico, features a renovated interior and an open living plan that extends to an oversized screened lanai. Offered turnkey, the home includes a redesigned kitchen with off-white shaker cabinets, quartz countertops, an undermount sink, new appliances, and extra storage. The master bathroom, renovated two years ago, has a walk-in shower, undermount dual sinks, light quartz, and neutral cabinetry. The second bathroom features newer cabinets and quartz tops. LVP flooring has been installed throughout. Impact windows and doors have been installed. A new TRANE A/C unit is scheduled for installation in May 2025. Bermuda Cove at Wiggins Bay offers a community pool, spa, and BBQ area. The property is within walking distance of Vanderbilt Beach, a public boat launch, Gulf Shore Drive, and Mercato. An optional membership at the Tarpon Cove Yacht Club provides access to a private beach shuttle, clubhouse with poolside bar, fire pits, dining, bocce ball, tennis, a fitness center, and reciprocal golfing and club privileges.
Key Highlights
- Walking distance to Vanderbilt Beach, Gulf Shore Dr, and Mercato
- Turnkey and move‑in ready with recent renovations including a REDESIGNED KITCHEN with QUARTZ COUNTERTOPS and NEW APPLIANCES, and UPDATED BATHROOMS
- Impact windows and doors for peace of mind
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 | $38.7k | $26.04 |
| − Vacancy | −$2.0k | −$1.35 |
| EGI | $36.7k | $24.69 |
| − OpEx | −$16.5k | −$11.11 |
| NOI | $20.2k | $13.58 |
1,485 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$288.0K
$252.0K – $336.0K
NOI $20,162 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$596.0K
$521.5K – $695.3K
NOI $41,720 @ 7.0% cap · market cap 9.72%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Spacious, renovated 2-bedroom end-unit near Vanderbilt Beach.
Where is this residential income property located?
The property is located at 585 Club Side Drive 201 Naples, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Walking distance to Vanderbilt Beach, Gulf Shore Dr, and Mercato; Turnkey and move‑in ready with recent renovations including a REDESIGNED KITCHEN with QUARTZ COUNTERTOPS and NEW APPLIANCES, and UPDATED BATHROOMS; Impact windows and doors for peace of mind
