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$1,399,950

For Sale - Active
5052 Martinique Dr, Naples, FL 34113
2 Beds
3 Baths
2,358 Square Feet
0.00 Acres Lot
Built in 2015
For Sale - Active
1649 Units
Checked: 5 hours ago
Updated: May 22, 2025 at 04:30PM

Investment Summary


Monthly Cash Flow
-$3,447
Cap Rate
3.2%
Cash-on-Cash Return
-12.8%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-8.4%

Property Description


0.00 Acres Lot
Built in 2015
For Sale - Active
1649 Units

Offered for the first time on the re-sale market! This home is located on one of the very best streets in the Isles (just ask the friendly neighbors), on a short cul de sac with no traffic, yet is very close to the clubhouse. Inside you will discover great water views to enjoy from many rooms, as well as the gorgeous custom-designed salt-water pool and lanai oasis. Imagine sitting poolside with your morning coffee, overlooking the lake and the gorgeous colors of the morning sky and lush landscaping....and literally spending each day living like you are on vacation. This light-filled Pimento model will be the setting for your friends and family to gather and share in your great Florida lifestyle. They will love the inviting and open living, kitchen and dining areas and beautiful high ceilings. There are many upgrades found throughout the home, such as double tray ceilings, recessed LED lighting, crown molding and custom plantation shutters to enhance the windows. The kitchen island,10 feet wide, makes a great breakfast bar and gathering place for all of those people who insist on hanging out near the food! The primary suite is a retreat in itself, with plenty of room for a king bed and seating area, and offering views of the lake, two walk-closets, and adjoining bathroom offering separate dual vanities, large mirrors, walk-in shower with Euro-glass, soaking tub, and private toilet room. The split bedroom floor plan, including the flex/den gives everyone the privacy and space deserved. This home has been meticulously maintained and offers many great features "behind the scenes". There is an electric Storm Smart Screen protecting the covered lanai and sliding doors, ADT Home Security System, and Culligan whole house water filtration system. The laundry room deserves a mention also, because it is so large that it also acts as a walk-in pantry and coffee bar as well as access to the spacious three car garage. All of this, plus the privilege of belonging to the Isles of Collier Preserve. One of Naples' most desirable active resort lifestyle communities, the Isles has over 1,300 acres dedicated to natural habitat and preserve areas, connected by trails, bike paths, and waterways. Anchored by a beautiful clubhouse inspired by the charm of the historic Naples Hotel, you will enjoy the state-of-the-art fitness center, tennis courts, pickleball, bocce ball, a luxurious resort pool, lap pool, outdoor spa, and the popular private Overlook Bar and Grill Restaurant. All of this is just minutes from the downtown historic district and Fifth Avenue, where you can indulge in world-class dining, boutique shopping, and the breathtaking beaches of Naples. From the Isles back resident-only gate you can walk to the US Open Championship Pickleball courts and just a few minutes further will take you to Hamilton Harbor marina and boat launch to Naples Bay. It just doesn't get any better than this!

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Location


Property Details


Parking

  • Description: Driveway Paved
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Roof Material: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $1,599/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 52505032220
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, One Story
  • Year Built: 2015

Tax Information

  • Annual Tax: $255

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Location

  • County: Collier

Listing Details


Listed by:
Jo Ellen Nash
Naples Luxury Real Estate Grou
(239) 537-4785

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225031830
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$3,447
Cap Rate
3.2%
Cash-on-Cash Return
-12.8%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-8.4%

Purchase Details

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Purchase price:
$1,399,950
Amount financed:
-$1,119,960
Down payment:
$279,990
Closing costs:
$41,999
Rehab costs:
$0
Initial cash invested:
$321,989
Square feet:
2,358
Cost per square foot:
$594
Monthly rent per square foot:
$2.63

Financing Details

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Loan amount:
$1,119,960
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$7,171
Property tax:
$21
Insurance:
$434
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,626

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,200 $74,400
Vacancy loss: (6%)
6% -$372 -$4,464
Operating income:
$5,828 $69,936

Operating Expenses


% Rent Monthly Yearly
Property taxes: (0%)
0%-$21-$256
Insurance: (7%)
7%-$434-$5,208
Property management: (8%)
8%-$496-$5,952
Repairs & maintenance: (5%)
5%-$310-$3,720
Capital expenditures: (5%)
5%-$310-$3,720
HOA fees: (9%)
9%-$533-$6,396
Total operating expenses: (34%)
34%-$2,104-$25,252

Cash Flow


Monthly Yearly
Net operating income:
$3,724 $44,688
Mortgage payments:
-$7,171 -$86,052
Cash flow:
$3,447 $41,364