tomo logo

$1,150,000

Beds
4
Baths
3.5
sq ft
1,995

533 98th Ave N, Naples, FL 34108

533 98th Ave N

NAPLES, FL 34108

  • <1 day on market
Enjoy BEACH LIVING AT IT'S FINEST in an Amazing Location that Showcases all that Naples has to Offer! On the Highly Sought-After 500 BLOCK of Naples Park w/only a 15 min WALK TO THE BEACH! This RARE & UNIQUE POOL HOME has TWO LIVING SPACES with Outstanding Income Potential! MAIN HOUSE has a GARAGE & an Attached STUDIO APARTMENT w/a Private Entrance (Grandfathered in). MAIN HOUSE: Light & Bright Great room is Perfect for Entertaining. The Great room, Dining room & Kitchen are open to each other! 2 Owner's Suites w/Ensuite Bathrooms & a 3rd Bedroom w/Half Bathroom & PRIVATE COURTYARD W/Lap POOL!! NEW in 2023: ROOF, AC & POOL HEATER, WHOLE HOUSE REPLUMBED! Home has Large Block Tile on Diagonal, White Wood Cabinetry, Granite/Marble Countertops, Stainless Appliances! STUDIO APT: Spacious Open Concept w/Living room, Bedroom, Kitchen & Dining room & Private Screened Lanai & Above Ground Spa! Stainless Appliances, Porcelain Tile throughout, White Wood Cabinetry, Granite/Quartz Counters! Both Spaces have Hurricane Impact Doors/Windows/Sliders, Full-Size Stackable Washer/Dryers, Crown Moulding Throughout, Paver Driveway (NEW in 2024), Walkways, Private Fenced Side/Backyard & Heated Lap Pool Surrounded by Lush Landscaping & Beautiful Flowers & Vines! City Funded NEW ROADWAY in 2024 & replaced Sewer/Water Lines, improved Drainage & Buried Powerlines! Home is within Walking Distance to Sugar Sand Vanderbilt Beach, Delnor-Wiggins Pass State Park, World Class Shopping/Dining/Entertainment at Mercato, Publix Shopping Mall & The Pavillion Mall and the Ritz Hotel & Resort! Endless Other Outstanding Options just a few minutes away by car! GREAT 2 INCOME PRODUCING PROPERTIES with SOLID BOOKING history on VRBO & AIRBNB! Owner is a SUPERHOST & has a 4.9 rating on AIRBNB!

Details

Property type

Single Family Residence

Est. home value

$1,214,912

Lot size

6,534 sq ft

Price per sq ft

$577

Year built

1985

Annual property taxes

$8,024

Price History

01/09/2025
NABOR

NABOR #225000637

Listed
$1,150,000
+101.75%
11/20/2018
NABOR

NABOR #218065268

Sold
$570,000
+22.58%
11/15/2017

FGCMLS #217048787

Sold
$465,000
+26.7%

Schools & Community

Neighborhood: 

Naples Park

Elementary school: 

NAPLES PARK ELEMENTARY SCHOOL

Middle school: 

PINE RIDGE MIDDLE SCHOOL

High school: 

BARRON COLLIER HIGH SCHOOL

Community features: 

Gated

Number of units in community: 

2

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

$807,452
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$250,548
Cash to seller
$807,452

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

Seller’s Loan History

Lender

Better Mortgage Corporation

Loan start date

March 2021

Original loan amount

$273,835

Est. remaining balance

$250,548

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Margarita Panayi Malhotra and Rishi K Malhotra

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?

Status: Active

Tomo last checked: 01/09/2025 at 5:45 PM

Listing updated: 01/09/2025 at 7:55 AM

Listed by: Lisa Shepard, RE/MAX Realty Group Phone #: (239) 489-0444

MLS: NABOR #225000637

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