Updated Duplex
For Sale
$464,900
Pending
8330 Ibis Cove Cir, Naples, FL 34119
Residential, Duplex, NAPLES, FL
Property Size1,572 SF
Days on Market102
Property Features for 8330 Ibis Cove Cir
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Den, Bedroom 3, Laundry Room
Parking
2
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Built-In Cabinets, Walk-In Closet(s)
Exterior features
Screened Lanai/Porch
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Freezer, Washer
Subdivision
IBIS COVE
Lot features
Zero Lot Line, Zero Lot Line
View
Lake, Water
Elementary school
LAUREL OAK
Middle school
OAK RIDGE
High school
GULF COAST
Standard status
Pending
APN
51147011163
Size
1,572 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
IBIS COVE PHASE TWO-A BLK B LOT 242 NKA IBIS COVE (HO) B-242
Tax Annual Amount
3948
HOA Fee
$4,400 Annually
Legal Description
IBIS COVE PHASE TWO-A BLK B LOT 242 NKA IBIS COVE (HO) B-242
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water front features
Lake
Water front
1
Building Details
Year built
2002
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Realty · NextHome
(239) 262-7131
Listed By:
Amanda Connaway, PA
(239) 235-1630
Added: Jun 2
Changed: Sep 8
Last Checked: Sep 11 at 5:06PM
MLS# 226021483
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 duplex villa at 8330 Ibis Cove Cir offers 1572 square feet with three bedrooms, two bathrooms, a den, and a laundry room. Interior improvements include new tile flooring, a remodeled kitchen with updated cabinetry, countertops, fixtures, and backsplash, plus renovated bathrooms. Plantation shutters, built-in cabinetry, and a walk-in closet add practical detail. The home also features central electric cooling and heating, a 2020 roof, a 2020 AC system, and a screened lanai overlooking a lake with a fountain.
Located in Naples, the property is approximately half a mile from multiple restaurants. Logan Landing and Founders Square are also identified as nearby destinations. The residence was built in 2002 and includes a driveway, concrete block and stucco construction, and shingle roofing.
Located in Naples, the property is approximately half a mile from multiple restaurants. Logan Landing and Founders Square are also identified as nearby destinations. The residence was built in 2002 and includes a driveway, concrete block and stucco construction, and shingle roofing.
Key Highlights
- 1572 square feet with 3 bedrooms, 2 bathrooms, and a den
- 2020 roof and 2020 AC system
- Renovated kitchen with updated cabinets, countertops, fixtures, and backsplash
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
$23,222
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
5.00%
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%
$464,440
$464.4K
Cap Rate 7%
$331,743
$331.7K
Cap Rate 9%
$258,022
$258.0K
Market Conditions
NOI Build-Up for 1,572 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
$34.9K $22.20/SF
− Vacancy
−$1.7K −$1.10/SF
EGI
$33.2K $21.10/SF
− OpEx
−$10.0K −$6.33/SF
NOI
$23.2K $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%
$464,440
Cap Rate 7%
$331,743
Cap Rate 9%
$258,022
Alternative Uses
Best Use
Multifamily LT 5
$331.7K
$290.3K – $387.0K
NOI $23,222 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$304.9K
$266.8K – $355.7K
NOI $21,343 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$630.9K
$552.1K – $736.1K
NOI $44,164 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 34119, FL
34,933
Population
18,251
Households
1.9
Avg Household Size
53
Median Age
51%
College-Educated
96%
High-School Grad
22.5 sq mi
ZIP Area
1,553
Density / Sq Mi
$109,260
Median Household Income
$53,031
Median Earnings
$1,998
Median Rent
$665,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated kitchen and bathrooms complement a lake-facing setting with a screened lanai and central air.
Where is this duplex located?
The property is located at 8330 Ibis Cove Cir Naples, FL.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: 1572 square feet with 3 bedrooms, 2 bathrooms, and a den; 2020 roof and 2020 AC system; Renovated kitchen with updated cabinets, countertops, fixtures, and backsplash
