Duplex with Screened
New
For Sale
$529,900
8677 Mustang Dr, Naples, FL 34113
Residential, Duplex, NAPLES, FL
Property Size1,500 SF
Lot Size0.11 Acres
Price / SF$353.27
Days on Market2
Property Features for 8677 Mustang Dr
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Den, Bathroom 2, Bedroom 1, Bedroom 2, Laundry Room
Parking
2
Window features
Window Coverings
Patio and Porch features
Porch, Patio
Pets allowed
Yes
Interior features
Cathedral Ceiling(s), Smoke Detectors, Window Coverings
Exterior features
Screened Lanai/Porch
Appliances
Electric Cooktop, Dryer, Microwave, Refrigerator/Icemaker
Subdivision
MUSTANG VILLAS
Lot features
Regular, Regular
Standard status
Active
APN
60700001365
Size
1,500 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MUSTANG VILLAS (HO) LOT 59
Tax Annual Amount
2887
HOA Fee
$1,519 Annually
Legal Description
MUSTANG VILLAS (HO) LOT 59
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s), Electric
Amenities
community pool
Building Details
Year built
1993
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Concrete Block, Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
Downing Frye Realty Inc.
(239) 261-2244
Listed By:
Susan DeMaagd
(239) 273-5051
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 4:06PM
MLS# 226037056
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.
The 1,500-square-foot attached duplex offers three bedrooms and a den that can serve as a separate living area. The kitchen features a center island, white cabinetry and updated lighting, while vaulted ceilings open up the great room. A screened lanai extends the living space outdoors and overlooks a preserve. The home was built in 1993 and has wood and tile flooring, a tile roof, and concrete block and stucco construction. The air conditioning system and hurricane-rated garage door were added in 2025; interior painting was completed in 2023.
Residents of Mustang Villas have access to a community pool. The property is described as close to beaches, shopping and restaurants. Membership to Players Club and Spa is optional.
Residents of Mustang Villas have access to a community pool. The property is described as close to beaches, shopping and restaurants. Membership to Players Club and Spa is optional.
Key Highlights
- 1,500 square feet with three bedrooms and a den
- Built in 1993 on a 0.1085‑acre lot
- New AC and hurricane‑level garage door installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,366
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,320
$407.3K
Cap Rate 7%
$290,943
$290.9K
Cap Rate 9%
$226,289
$226.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.1K $26.04/SF
− Vacancy
−$2.0K −$1.35/SF
EGI
$37.0K $24.69/SF
− OpEx
−$16.7K −$11.11/SF
NOI
$20.4K $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 Rate 5%
$407,320
Cap Rate 7%
$290,943
Cap Rate 9%
$226,289
Alternative Uses
Best Use
Apartment 5plus
$290.9K
$254.6K – $339.4K
NOI $20,366 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$602.0K
$526.8K – $702.4K
NOI $42,141 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 34113, FL
23,740
Population
16,461
Households
1.4
Avg Household Size
57
Median Age
40%
College-Educated
87%
High-School Grad
25.9 sq mi
ZIP Area
917
Density / Sq Mi
$76,539
Median Household Income
$37,070
Median Earnings
$1,888
Median Rent
$450,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Three bedrooms plus a den provide flexible interior space, with a community pool available within Mustang Villas.
Where is this single family property located?
The property is located at 8677 Mustang Dr Naples, FL.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 1,500 square feet with three bedrooms and a den; Built in 1993 on a 0.1085‑acre lot; New AC and hurricane‑level garage door installed in 2025
