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    161 Santa Clara Dr Naples, FL 34104

    For Sale
    $12,500,000

    56 Remodeled Villas, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional investment opportunity: a 56-unit remodeled villa condo complex in Naples, Florida, is available for $12,500,000. This unique offering boasts a mix of one-bedroom, two-bedroom, and two-bedroom-plus-den units, all meticulously updated in recent years. Upgrades include new tile floors, three-tone paint, stainless steel appliances, custom shaker cabinets, and granite countertops. Each villa features a screened lanai. Residents enjoy a serene community with numerous amenities, including tennis courts, a clubhouse, two pools, a spa, a workout room, and a playground. Recent major exterior improvements encompass new roofs, asphalt parking, exterior paint, clubhouse renovations, and refurbished pool and playground equipment. The property enjoys an excellent Naples location, providing convenient access to I-75, abundant shopping and dining options, and the renowned beaches and downtown Naples (approximately 7 miles away). This turnkey investment presents a rare opportunity in a highly desirable market. Built in 1987, this complex offers immediate income potential and strong long-term growth prospects. Detailed financial information, including rent rolls and expenses, is available upon request.

    Property Features for 161 Santa Clara Dr

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1987

    HighLights

    • $12,500,000 asking price.
    • Retail property in Naples, Florida.
    • 1987 construction.
    • 56 remodeled villa condos, mix of 1‑bed, 2‑bed, and 2‑bed + den units.
    • Recent renovations include new tile floors, stainless steel appliances, granite countertops, and screened lanais.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7181244
    Latitude
    26.1503797

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    FAQs

    What type of property is this?
    Retail property - 56 Remodeled Villas, Prime Location
    Where is this retail property located?
    The property is located at 161 Santa Clara Dr Naples, FL.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: $12,500,000 asking price.; Retail property in Naples, Florida.; 1987 construction.
    Request Owner's contact information
    161 Santa Clara Dr Naples, FL 34104
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    Naples, FL 34104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    161 Santa Clara Dr Naples, FL 34104
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