Overview
- 2025007686
- Single Family Residence, Residential
- 5
- 4
- 1
- 4911 Sqft
- 0.37 Acres
- 1959
Description
PRICE DROP TO SELL NOW!! RARE INVESTMENT OPPORTUNITY | DOUBLE LOT/LAND/HOME Welcome to "The Brilliant Pearl Luxe" Please refer to the airbnb listing (google The Brilliant Pearl Luxe) page for historical reference/photos of the condition of the home pre-Helene. This home is currently gutted on the 1st floor to the studs/block 4' High. The 2nd floor still fully renovated. After hurricane Helene, the property received a "Substantial Damage Letter" from the county(attached), preventing the home to be repaired to code compliance as its sits on its current elevation(see attachment). In addition, the property is an SRL(Severe Repetitive Loss) by FEMA until its either elevated, rebuilt from the 2nd floor up, or demolished & a new home on some form of stilts would be built. The flood insurance is an NFIP policy. The home has been well maintained throughout & remediated of any potential mold. The DOUBLE lot is fully renovated & has over $200k in exterior upgrades from the exotic landscaping, landscape lighting front & back, new boat dock, new boat lift, 150' seawall, new 30' outdoor kitchen with fireplace & paradise grill appliances, new 20x10 automated pergola, new pool, RV parking on an additional oversized driveway w/ electrical & water hookups, lifeguard clubhouse w/shed, new pavers front & back & a new fence around the perimeter of the home. All of this is well maintained weekly. The home itself has beautiful new bahama shutters on every window, 2 newer AC's, all new hurricane impact windows and sliders plus automated shades for the oversized canal facing slider windows. All of this can be salvaged if decided to be elevated or rebuilt. The lot was just recently appraised for the land value alone & that is available upon request. The lot has 150' of canal waterfront and the lot is a quick turn to the Caloosahatchee River near the river district and making for easy and fast gulf access. This home was a luxury airbnb with a track record of producing $600-$1000/per night. We can provide then financial worksheet for airbnb if requested. This is an opportunity listed at a price to sell fast as they want to close on this as soon as possible to clear the mortgage. The home was completely renovated after Ian & had a valuation of $1.3m+ at the time it was finished. If someone were to buy this home and simply repair it, understand the county will not permit you and you would be doing so at your own risk. Either way this is a very favorable opportunity for a lucky buyer who will be getting a fully renovated & updated double lot w/ all the amenities described, allowing for a tremendous head start to someone wanting to elevate the home or rebuild a new home on the lot. Please have agent share the documents regarding code compliance, SRL determination, & the substantial damage letter for your review. Request interior photos for current condition. We can answer any questions so please schedule a showing today and feel free to call me. All offers will be considered.
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Estimated Annual Property Tax — This Property
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Days on Market & Price History
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Price Per Sq Ft — How Does This Home Compare?
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7052 Live Oak Dr, Naples, Florida 34114
- $9,000
- Beds: 2
- Baths: 2
- Garages: 2
- Single Family Residence, Residential Lease
884 Hampton Cir 159, Naples, Florida 34105
- $2,300
- Beds: 3
- Baths: 3
- Garages: 2
- 0.14 Acres
- Townhouse, Residential Lease
Details
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Property ID 2025007686
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Price $475,000
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Property Size 4911 Sqft
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Land Area 0.37 Acres
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Bedrooms 5
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Bathrooms 4
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Garage 1
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Year Built 1959
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Property Status Closed, For Sale
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Property Type Single Family Residence, Residential
Additional details
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Roof Built-Up, Metal
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Cooling Central Electric
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Heating Central Electric
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Flooring Laminate, Tile, Vinyl
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County Lee
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Property Type Residential
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Pool Below Ground, Custom Upgrades, Electric Heat, Salt Water
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Parking Attached
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Elementary School CHOICE OF SCHOOLS
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Middle School CHOICE OF SCHOOLS
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High School CHOICE OF SCHOOLS
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Waterfront Canal Front, Seawall
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Architectural Style Two Story, Multi-Story Home, Split Level, Single Family
