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600 Neapolitan WAY, Naples, FL, 34103 | $595,900
Discover an exceptional investment opportunity with potential to generate over $90, 000/yr in the highly coveted Gulf of America/Park Shore corridor. This beautifully updated second-floor condo at Park Shore Resort offers breathtaking water views and a prime location, making it the perfect vacation retreat or high-performing rental property. With a layout designed for comfort and convenience, the primary suite features direct lanai access, allowing guests to fully immerse themselves in the peaceful surroundings. SEE ATTACHMENTS: While this property is newly acquired and does not have more than 2 months of rental history we have attached the rental history of an identical property recently sold in 2024. Income for 2023 was $143, 588
This condo is a standout choice for investors, offering incredible income potential year-round. Peak season from January to April commands premium rental rates, while the summer months attract steady visitors, ensuring consistent returns. Whether used for short-term or long-term rentals, this property is ideally suited to maximize profitability.
Guests and owners alike can indulge in resort-style amenities, including a heated pool and spa, on-site dining, BBQ areas, tennis, pickleball, and basketball courts, plus a well-equipped fitness center. The resort’s lush tropical landscaping, scenic walkways, wooden bridges, and cascading waterfalls create a tranquil escape in the heart of Naples.
Perfectly positioned just minutes from Waterside Shops, Venetian Bay, Mercato, 5th Avenue, and Naples’ pristine beaches, this condo offers unbeatable access to top dining, shopping, and entertainment. A rare chance to own a property that delivers both serenity and exceptional rental income potential in one of Naples’ most desirable resort communities!
Features
- Building Design: Low Rise (1-3)
- Parking: 2+ Spaces
- Heating: Central Electric
- Cooling: Ceiling Fans,Central Electric
- Levels: 1
- Amenities: Basketball,BBQ - Picnic,Bike And Jog Path,Bike Storage,Clubhouse,Community Pool,Community Spa/Hot tub,Exercise Room,Internet Access,Pickleball,Racquet Ball,Volleyball
- Bedrooms: 2
- Baths: 2 full
- Complex: PARK SHORE RESORT
- Development: PARK SHORE
- Year Built: 1982
- Approx Sq. Feet: 864
- Est. Taxes: $2,910
- Master HOA Fee: $3,848
- Lot Desc: Zero Lot Line
- View: Lagoon,Landscaped Area
- Community Type: Condo/Hotel,Tennis
- Water Front: Yes
- Pet Policy: With Approval
- MLS#: 225021507
- Website: https://www.raveis.com
/prop/225021507/600neapolitanway_naples_fl?source=qrflyer
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
600 Neapolitan WAY, Naples, FL, 34103
$595,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $476,720 | $476,720 | $476,720 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.159% | 7.166% | 6.268% |
| Monthly Tax Payment | $243 | $243 | $243 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,052 | $3,168 | $4,020 |
| Total Monthly Payment | $3,386 | $3,502 | $4,354 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388