This is an incredible investor opportunity in the heart of Naples! Located at 10 Kings Rd, this property is priced undervalued, offering exceptional potential for both immediate enjoyment and long-term investment. Set on one of the few lakefront lots in the area, this home boasts serene water views and is located just walking distance to 5th Avenue South and Tin City, making it one of the most coveted locations in Southwest Florida.
Property Highlights:
Investor’s Dream: With its unbeatable price, this home offers a rare opportunity for savvy buyers looking to invest in a highly desirable Naples location. Whether you're seeking a renovation project or a long-term rental, this home is a blank canvas with huge upside potential.
Lakefront Location: One of the few homes on the lake, this property offers peaceful, scenic water views that provide the perfect backdrop for your dream outdoor space. Enjoy tranquil mornings and evenings from your backyard, while being just minutes away from Naples’ best attractions.
Brand New Air Conditioning Unit & Ducts: The home has been upgraded with a brand new air conditioning unit and new ducts, ensuring comfort and energy efficiency throughout the year – a significant value-added feature for potential buyers and investors alike.
Newer Roof: The property has a newer roof, offering peace of mind for years to come. This investment in the home’s infrastructure makes it a solid choice for those looking for long-term stability and minimal maintenance.
Walking Distance to 5th Avenue & Tin City: Enjoy the ultimate convenience of being just a short stroll from 5th Avenue South, where you’ll find fine dining, boutique shops, and cultural attractions. Also within walking distance is Tin City, a waterfront destination full of charming restaurants, shops, and entertainment.
Spacious & Flexible Layout: With 2 bedrooms and 2 bathrooms, this home offers ample living space for a variety of uses. The open floor plan and large windows ensure plenty of natural light, while the serene lake views provide a peaceful setting throughout the home.
Outdoor Potential: The spacious lot offers ample room for a pool, outdoor kitchen, or garden, giving you the chance to create your own tropical oasis with lakefront charm.
Prime Naples Location: Naples is renowned for its beautiful beaches, world-class golf courses, and upscale lifestyle. This home’s location places you within easy reach of Naples' best attractions, making it the perfect base for enjoying everything this vibrant city has to offer.
At 10 Kings Rd, you’re not just buying a home – you’re securing a rare investment opportunity in one of the most desirable areas in Naples. With new HVAC systems, a newer roof, and prime location, this property is ready for the next chapter. Don’t miss your chance to capitalize on this undervalued gem – schedule a showing today!
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William Raveis Real Estate
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $200,000 | $200,000 | $200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $108 | $108 | $108 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,314 | $1,329 | $1,687 |
Total Monthly Payment | $1,497 | $1,512 | $1,870 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.