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$244,900

For Sale - Active
1 Bluebill Ave Apt 302, Naples, FL 34108
Beds n/a
1 Bath
493 Square Feet
0.00 Acres Lot
Built in 1971
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Oct 03, 2025 at 08:37PM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$18
Cap Rate
6.1%
Cash-on-Cash Return
-0.4%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.6%

Property Description


0.00 Acres Lot
Built in 1971
For Sale - Active
Units n/a

No one will know where you are! Charming studio condominium in Vanderbilt Towers I – Steps Away from the Sand! Welcome to Unit 302 at 1 Bluebill Avenue, a freshly painted, delightful studio condo nestled within Vanderbilt Towers, one of Naples' most desirable coastal communities. This inviting hideaway offers the perfect blend of comfort, location, and lifestyle—ideal as a seasonal getaway, rental investment, year-round retreat or the home to a local employee. The balcony offers Northeast views of the serene marina with direct access to the Gulf with no bridges...a boaters paradise! Priced to sell quickly and located at the very end of Vanderbilt Beach Road, this light-filled unit is just steps from the beach and next door to Delnor-Wiggins Pass State Park, one of Florida’s most pristine and protected beach parks. Whether you prefer morning walks along the shore, sunset strolls, or kayaking through the mangroves, nature is truly at your doorstep. Inside, the unit features new paint, and a smart, open layout designed for effortless living. The studio-style floor plan includes a kitchenette, full bath, and spacious living/sleeping area, along with a private balcony to enjoy the Gulf breeze. A perfect residence for those who want to enjoy all that Naples has to offer without the maintenance of a larger home. Vanderbilt Towers is a gated, secure community with onsite management, offering amenities such as a sparkling community pool, onsite marina (boat slips may be available for lease) and laundry facilities. Located just minutes from The Ritz-Carlton Naples, Mercato, Pelican Bay, and an array of shopping and dining destinations, this is coastal living at its finest. 1 Bluebill Ave, is undergoing renovations to the building, lobby and landscaping now, adding even more value to this great buy. Don’t miss your chance to own a slice of paradise! Owner says sell it!

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Location


Property Details


Parking

  • Details: Paved
  • Garage Spaces: 0
  • Spaces Total: 0

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Roof Material: Built-Up, Flat
  • Pool Community: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 79620920009
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Other, High Rise
  • Year Built: 1971

Tax Information

  • Annual Tax: $1,711

Utilities

  • Water & Sewer: Public
  • Heating: Wall Furnace
  • Cooling: Ceiling Fan(s), Wall Unit(s)

Location

  • County: Collier

Listing Details


Listed by:
Eileen Jensen
Premiere Plus Realty Company
(239) 238-3842

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225061082
Florida Gulf Coast Multiple Listing Service

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$18
Cap Rate
6.1%
Cash-on-Cash Return
-0.4%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.6%

Purchase Details

Find an Agent

Purchase price:
$244,900
Amount financed:
-$195,920
Down payment:
$48,980
Closing costs:
$7,347
Rehab costs:
$0
Initial cash invested:
$56,327
Square feet:
493
Cost per square foot:
$497
Monthly rent per square foot:
$4.06

Financing Details

Find a Lender

Loan amount:
$195,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,255
Property tax:
$143
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,538

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$143-$1,712
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$643-$7,712

Cash Flow


Monthly Yearly
Net operating income:
$1,237 $14,844
Mortgage payments:
-$1,255 -$15,060
Cash flow:
-$18 -$216