Resort Condo with Lazy River
6640 Beach Resort Drive 4 Naples, FL 34114
6640 Beach Resort Drive 4, Naples, FL, 34114
$419,900
For Sale
$419,900
Updated 2BR condo with lanai overlooking the lazy river.
Property Size1,351 SF
Price / SF$310.81
Days on Market557
Property Features for 6640 Beach Resort Drive 4
General Information
- Standard status
- Active
- Size
- 1,351 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1998
Listing agency
Berkshire Hathaway FL Realty
(239) 571-9239
Listed by
Kathy Limyansky · License #267511791
(239) 571-9239
Source
Exitrealty
Added: Jan 10, 2025 Updated: Jul 10 at 3:50PM Checked: Jul 21 at 4:35AM
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 Berkshire Hathaway FL Realty
Investment Insights
Based on property information with market context.
This beautiful 2-bedroom, 2-bathroom condo is located in the Falling Waters Beach Resort, directly across from the lazy river pool. The property features vaulted ceilings and an updated kitchen with quartz countertops and glass backsplash. Both bathrooms have updated quartz countertops, and the primary bath includes a walk-in closet. The lanai offers a view of the pool area and provides an additional 300 square feet of space. Plexi enclosures allow for air conditioning on hot days, and can be opened for a tropical breeze. The lanai also has storm protection. The condo includes a quality inventory. Falling Waters Beach Resort hosts many activities and parties in season, with pickleball and bocce available. The location is equidistant to both Marco Island and downtown Naples, offering access to dining, shopping, and beaches. The property size is 1351 square feet.
Key Highlights
- Direct access and magnificent view of the lazy river pool.
- Updated kitchen with quartz countertops and glass backsplash.
- Enjoy year‑round use of the 300 sq ft lanai with plexi enclosures, also providing storm protection.
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 | $35.2k | $26.04 |
| − Vacancy | −$1.8k | −$1.35 |
| EGI | $33.4k | $24.69 |
| − OpEx | −$15.0k | −$11.11 |
| NOI | $18.3k | $13.58 |
1,351 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$262.0K
$229.3K – $305.7K
NOI $18,343 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$542.2K
$474.4K – $632.6K
NOI $37,955 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Falling Waters Beach ...
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Updated 2BR condo with lanai overlooking the lazy river.
Where is this residential income property located?
The property is located at 6640 Beach Resort Drive 4 Naples, FL.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Direct access and magnificent view of the lazy river pool.; Updated kitchen with quartz countertops and glass backsplash.; Enjoy year‑round use of the 300 sq ft lanai with plexi enclosures, also providing storm protection.
