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$5,850,000

For Sale - Active
695 Ardmore Ln, Naples, FL 34108
5 Beds
5 Baths
4,847 Square Feet
0.00 Acres Lot
Built in 1991
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: May 27, 2025 at 09:57AM

Investment Summary


Monthly Cash Flow
-$27,457
Cap Rate
0.5%
Cash-on-Cash Return
-24.5%
Debt Coverage Ratio
0.08
Internal Rate of Return (5 years)
-19.6%

Property Description


0.00 Acres Lot
Built in 1991
For Sale - Active
Units n/a

Panoramic 180 Lake Views!! Surround the spacious 3,043 square ft screened lanai that features a large pool, spa, outdoor kitchen with electric cooktop and bar, beautiful waterfall and ample under roof area. This home is all about enjoying outdoor entertaining. Interior features include volume ceilings, floor to ceiling windows and doors, custom wood panels and mill work, spacious en suite bedrooms. The layout provides a private wing for guests. Perfect oasis to be enjoyed inside and out!! Exterior features include a lovely paved drive, ample three car garage and a whole house generator. Situated on a lakefront cul-de-sac amongst lovely Estate homes in the upscale Waterford community. Pelican Bay is centrally located between Waterside Shops, restaurants and the Ritz Carlton Beachfront Resort. Resident amenities include three miles of beach, two private beachfront Pavilions with restaurants, facilities, chairs, lounges and cabanas provided, fitness center, spa, tennis, pickleball, kayaks, canoes and sunfish for use, miles of nature paths. This is Florida Resort Style Living at its Best.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Total): 5.0

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Roof Material: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $2,944/annually
  • Additional HOA Fee: $2,740/annually

Land Information

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

Lot Information

  • Parcel ID: 66668125604
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, One Story
  • Year Built: 1991

Tax Information

  • Annual Tax: $31,264

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric, Zoned
  • Cooling: Central Air, Electric

Location

  • County: Collier

Listing Details


Listed by:
Victoria Harrison
Downing Frye Realty Inc.
(239) 269-5400

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 224029268
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$27,457
Cap Rate
0.5%
Cash-on-Cash Return
-24.5%
Debt Coverage Ratio
0.08
Internal Rate of Return (5 years)
-19.6%

Purchase Details

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Purchase price:
$5,850,000
Amount financed:
-$4,680,000
Down payment:
$1,170,000
Closing costs:
$175,500
Rehab costs:
$0
Initial cash invested:
$1,345,500
Square feet:
4,847
Cost per square foot:
$1,207
Monthly rent per square foot:
$1.67

Financing Details

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Loan amount:
$4,680,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$29,967
Property tax:
$2,605
Insurance:
$567
Private mortgage insurance (PMI):
$0
Monthly payment:
$33,139

Operating Income

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% Rent Monthly Yearly
Gross rent:
$8,100 $97,200
Vacancy loss: (6%)
6% -$486 -$5,832
Operating income:
$7,614 $91,368

Operating Expenses


% Rent Monthly Yearly
Property taxes: (32%)
32%-$2,605-$31,265
Insurance: (7%)
7%-$567-$6,804
Property management: (8%)
8%-$648-$7,776
Repairs & maintenance: (5%)
5%-$405-$4,860
Capital expenditures: (5%)
5%-$405-$4,860
HOA fees: (6%)
6%-$474-$5,688
Total operating expenses: (63%)
63%-$5,104-$61,253

Cash Flow


Monthly Yearly
Net operating income:
$2,510 $30,120
Mortgage payments:
-$29,967 -$359,604
Cash flow:
$27,457 $329,484