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$995,000

For Sale - Active
780 Bentwater Cir Apt 201, Naples, FL 34108
3 Beds
3 Baths
1,831 Square Feet
0.00 Acres Lot
Built in 1997
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Aug 30, 2025 at 10:17AM

Investment Summary


Monthly Cash Flow
-$1,647
Cap Rate
4.2%
Cash-on-Cash Return
-8.6%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.4%

Property Description


0.00 Acres Lot
Built in 1997
For Sale - Active
Units n/a

Welcome to this beautifully maintained, spacious 3 bedroom, plus den, 2 and one half bathroom condo located in the heart of North Naples. Nestled in the desirable Breakwater community of Pelican Bay, this second-floor end unit offers a light-filled open floor plan with almost 2,000 square feet of living space and serene, private views of lush tropical landscaping as well as a partial lake view. From the foyer, step into a bright and airy living area with gleaming hardwood floors, high ceilings, and a seamless flow from the dining space to the enclosed lanai. The expansive glass-enclosed lanai with sliding doors allows for year-round enjoyment of the Florida lifestyle while overlooking palm trees, mature greenery and partial lake. The kitchen features white cabinetry, solid-surface countertops, upgraded, newer, stainless steel appliances (refrigerator 2024, microwave, stove, dishwasher 2023), a breakfast bar, and a charming breakfast nook and den with bay windows. The spacious owner’s suite offers large windows, private lanai access, his and her walk-in closets, and a generous en-suite bath with dual vanities, a soaking tub, separate water closet, and a walk-in shower. Two additional, sizable bedrooms provide space for guests, a home office, or hobbies, and share a full guest bath. There is a convenient half bathroom right off the den for guests. Other features include large, in unit laundry with extra cabinets for storage and an oversized 2 car garage with ample storage. The freshly painted condo provides a neutral paint palette ready for your personal touch. The condo has been upgraded with hurricane impact doors and windows and had the outdated plumbing replaced in 2022. Breakwater is located less than 1 mile from the North Tram of Pelican Bay to bring you to the north end beach and restaurant, Marker 36. Here you will find one of the airy, bright, open restaurants, allowing you to relax and take in gorgeous views of nature, beautiful white sand beaches, and, the breathtaking Naples sunset while savoring quick bite or a complete meal with a full bar. Or just relax on the beach under an umbrella, on a lounger provided for the residents. Breakwater also provides a private gate, just steps away, to the nearly finished, brand new Pelican Bay community park. This park will have racquetball, bocce, basketball and clay tennis courts. A playground, walking trail system, pavilion, softball and soccer field are almost complete. Located just minutes from Naples' award-winning beaches, world-class dining, shopping, and golf, this condo is ideal as a year-round residence, vacation home, or investment property. Don't miss your opportunity to own this piece of paradise in one of Naples’ most peaceful communities.

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Location


Property Details


Parking

  • Description: Attached, Underground, Garage, TwoSpaces, GarageDoorOpener
  • Details: Detached, Underground, Garage, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 1

Exterior Features

  • Roof Material: Tile
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $2,675/annually
  • Additional HOA Fee: $3,917/quarterly

Land Information

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

Lot Information

  • Parcel ID: 24720010903
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Low Rise
  • Year Built: 1997

Tax Information

  • Annual Tax: $6,496

Utilities

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

Location

  • County: Collier

Listing Details


Listed by:
Sarah Burke
Realty One Group MVP
(239) 297-3944

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225067657
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$1,647
Cap Rate
4.2%
Cash-on-Cash Return
-8.6%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.4%

Purchase Details

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Purchase price:
$995,000
Amount financed:
-$796,000
Down payment:
$199,000
Closing costs:
$29,850
Rehab costs:
$0
Initial cash invested:
$228,850
Square feet:
1,831
Cost per square foot:
$543
Monthly rent per square foot:
$4.37

Financing Details

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Loan amount:
$796,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$5,097
Property tax:
$541
Insurance:
$560
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,198

Operating Income

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% Rent Monthly Yearly
Gross rent:
$8,000 $96,000
Vacancy loss: (6%)
6% -$480 -$5,760
Operating income:
$7,520 $90,240

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$541-$6,496
Insurance: (7%)
7%-$560-$6,720
Property management: (8%)
8%-$640-$7,680
Repairs & maintenance: (5%)
5%-$400-$4,800
Capital expenditures: (5%)
5%-$400-$4,800
HOA fees: (19%)
19%-$1,529-$18,348
Total operating expenses: (51%)
51%-$4,070-$48,844

Cash Flow


Monthly Yearly
Net operating income:
$3,450 $41,400
Mortgage payments:
-$5,097 -$61,164
Cash flow:
$1,647 $19,764