Duplex Residence with Lake
For Sale
$449,900
8140 Chancel Ct, Naples, FL 34104
Residential, Duplex, NAPLES, FL
Property Size1,668 SF
Price / SF$269.72
Days on Market177
Property Features for 8140 Chancel Ct
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Family Room, Bedroom 2, Bedroom 1, Bedroom 3
Parking
2
Patio and Porch features
Porch
Exterior features
Screened Lanai/Porch, Tennis Court(s)
Appliances
Dishwasher, Dryer, Microwave, Refrigerator/Freezer, Washer
Subdivision
THE SANCTUARY
Lot features
Zero Lot Line, Zero Lot Line
View
Lake
Standard status
Active
APN
71876002449
Size
1,668 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
SANCTUARY AT BLUE HERON, THE A CONDOMINIUM BLDG 61-02
Tax Annual Amount
3535
HOA Fee
$8,028 Annually
Legal Description
SANCTUARY AT BLUE HERON, THE A CONDOMINIUM BLDG 61-02
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water front features
Lake
Water front
1
Amenities
pool
fitness center
pickleball
Building Details
Year built
2005
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
Realty One Group MVP
(800) 896-8790
Listed By:
Jason Clifford · License #NAPLES-249527928
(239) 300-3984
Added: Mar 11
Changed: Aug 24
Last Checked: Sep 3 at 9:06AM
MLS# 226010863
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.
This 1,668-square-foot duplex residence, built in 2005, combines a three-bedroom, two-bath layout with vaulted ceilings, tile flooring, a screened lanai, and a lake outlook. The home includes a family room, central heating and cooling, tile roofing, and concrete block with stucco construction. Major updates include a heat pump and AC installed in 2024, an electric garage door opener added in 2024, and a hot water heater replaced in 2021.
The property is located at 8140 Chancel Ct in Naples, Florida, within a secure gated development on a low-traffic cul-de-sac. Community amenities include a resort-style pool, fitness center, pickleball, and tennis courts. The HOA covers water, sewer, garbage, upgraded television, high-speed internet, landscaping, and exterior maintenance, including tile roof repair. Furniture is optional.
The property is located at 8140 Chancel Ct in Naples, Florida, within a secure gated development on a low-traffic cul-de-sac. Community amenities include a resort-style pool, fitness center, pickleball, and tennis courts. The HOA covers water, sewer, garbage, upgraded television, high-speed internet, landscaping, and exterior maintenance, including tile roof repair. Furniture is optional.
Key Highlights
- 1,668‑square‑foot duplex residence with 3 bedrooms and 2 bathrooms
- Large lake view and screened lanai/porch
- Heat pump and AC replaced in 2024
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
$24,640
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
5.48%
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%
$492,800
$492.8K
Cap Rate 7%
$352,000
$352.0K
Cap Rate 9%
$273,778
$273.8K
Market Conditions
NOI Build-Up for 1,668 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
$37.0K $22.20/SF
− Vacancy
−$1.8K −$1.10/SF
EGI
$35.2K $21.10/SF
− OpEx
−$10.6K −$6.33/SF
NOI
$24.6K $14.77/SF
Area
Collier County, FL
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$492,800
Cap Rate 7%
$352,000
Cap Rate 9%
$273,778
Alternative Uses
Best Use
Multifamily LT 5
$352.0K
$308.0K – $410.7K
NOI $24,640 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$323.5K
$283.1K – $377.5K
NOI $22,647 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$669.4K
$585.8K – $781.0K
NOI $46,861 @ 7.0% cap · market cap 10.42%
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
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 34104, FL
25,485
Population
16,062
Households
1.6
Avg Household Size
53
Median Age
33%
College-Educated
91%
High-School Grad
9.9 sq mi
ZIP Area
2,574
Density / Sq Mi
$70,301
Median Household Income
$40,680
Median Earnings
$1,742
Median Rent
$348,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained villa-style home in a gated community with resort amenities and extensive exterior maintenance included.
Where is this duplex located?
The property is located at 8140 Chancel Ct Naples, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1,668‑square‑foot duplex residence with 3 bedrooms and 2 bathrooms; Large lake view and screened lanai/porch; Heat pump and AC replaced in 2024
