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$2,100,000

Beds
8
Baths
6.0
sq ft
Unknown

1147 Steeves Ave, Naples, FL 34104

1147 Steeves Ave

NAPLES, FL 34104

  • 4 days on market
Presenting an exceptional investment opportunity that seamlessly blends luxurious living with the liberating advantage of no HOA fees or restrictions. This exquisite 8-bedroom, 6-bath duplex offers a rare chance for discerning investors to acquire a property in a coveted location near the vibrant 5th Avenue district and the pristine beaches of Naples. The duplex features an expansive design with two gourmet kitchens, two kitchenettes, and two double-car garages, providing unparalleled flexibility and convenience. Constructed above flood-risk elevation, this newly built property exemplifies durability and quality with premium materials and a metal roof, ensuring minimal maintenance for years to come. Adding to its appeal, the property includes pre-approved plans for an additional structure at the rear, consisting of two one-bedroom apartments, further enhancing its income potential. The owner has also retained a law firm to convert the property into two distinct condominium units, offering future flexibility to sell each side individually or retain one while liquidating the other.

Details

Property type

Duplex

Lot size

0.32 acres

Price per sq ft

Unknown

Year built

2023

Annual property taxes

$1,026.87

Price History

01/27/2025
NABOR

NABOR #225009749

Listed
$2,100,000
+7.69%
10/31/2024
SEF

SEF #A11607172

Removed
$1,950,000
07/24/2024
SEF

SEF #A11607172

Price change
$1,950,000
-7.14%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,015,438
Asking price
$2,100,000
Closing costs (~8% of asking)
-$168,000
Est. remaining loan balance
-$916,562
Cash to seller
$1,015,438

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Summit Mortgage Corp

Loan start date

September 2023

Original loan amount

$929,850

Est. remaining balance

$916,562

Interest rate

6.78%

Loan type

New Conventional, 30 year

Seller

Michael J Whalen and Alison Lane Whalen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/31/2025 at 7:05 AM

Listing updated: 01/30/2025 at 5:00 PM

Listed by: Nick Solimene, William Raveis Real Estate Phone #: (239) 231-3380

MLS: NABOR #225009749

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Recently listed in NAPLES