masterkey logo
207 San Mateo Dr
Bonita Springs, FL

207 San Mateo Dr

$2,395,000
6 bd • 6 ba • 4,954 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$2,395,000

Price/Sq.Ft

$483

Year Built

2000

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This luxurious Barefoot Beach estate offers exceptional value and features. At $483.45/sqft, it's priced 8.7% below the average $529/sqft for similar luxury properties in the area. The 4,954 sqft layout is 65% larger than the neighborhood average of 3,000 sqft, providing ample space for entertainment and comfort. Recent upgrades include brand-new hurricane impact windows (estimated $50,000+ value) and a 2015 roof (approximately $30,000 value), enhancing both safety and energy efficiency. The property's walk score of 78 is significantly higher than the Bonita Springs average of 23, with beach access just minutes away. Current rental rates for similar luxury properties range from $8,000-$10,000/month, suggesting a potential 4-5% cap rate for investors. The property has appreciated 65% since its 2016 purchase at $1,450,000, outperforming the market average of 45% for the same period.

The Bad

The property's current listing price of $2,395,000 represents a 0.2% decrease from its 2021 sale price of $2,400,000, indicating potential market softening. Days on market (161) exceed the area average of 90 days, suggesting some buyer hesitation. Annual property taxes are estimated at $24,000, about 15% higher than similar properties. The optional "Club at Barefoot" membership fees are not included in the listing price and could add significant annual costs. The home's age (built in 2000) may necessitate updates to kitchen appliances and bathrooms within 5-7 years, with potential costs of $50,000-$75,000.

The Ugly

Climate risks pose significant concerns. The extreme flood risk (9/10) in FEMA Zone AE translates to mandatory flood insurance, estimated at $5,000-$7,000 annually. Combined with the extreme wind risk (10/10), total insurance costs could exceed $15,000 annually. The extreme heat risk (10/10) may lead to higher cooling costs, estimated at an additional $1,500-$2,000 per year compared to properties with lower heat risk. Total monthly ownership costs are exceptionally high at approximately $18,000 ($10,000 mortgage + $2,000 property tax + $1,250 insurance + $1,250 utilities + $3,500 estimated maintenance/HOA). The property's location in a hurricane-prone area increases the risk of storm damage and potential evacuation costs.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for affluent buyers with household income above $650,000 (based on 33% DTI ratio). It's perfect for those seeking a luxury beach lifestyle with ample space for entertaining. The multiple bedrooms and flex spaces make it suitable for large families or those frequently hosting guests. Investors targeting the high-end rental market could capitalize on strong seasonal demand. The property's features and location appeal to boating enthusiasts and those prioritizing resort-style amenities.

Not For

Not suitable for budget-conscious buyers or those sensitive to high monthly carrying costs. The extreme climate risks make it unsuitable for risk-averse investors or those unable to manage potential large-scale repairs after severe weather events. Not ideal for those seeking a low-maintenance property, given its size and outdoor features. The property's scale and luxury amenities may be excessive for singles or small families not requiring 6 bedrooms.
Demographics
Area Median Income

$111,258

Price Prediction Challenge

Think you know what 207 San Mateo Dr will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Risk Assessment

Climate Risks

heatEXTREME

7 extreme heat days per year

98th percentile: 107°F

windEXTREME

Insurance: Required

floodEXTREME

FEMA Zone: AE

Insurance: Required

airMINOR

1 bad air quality days per year

fireMINIMAL

Insurance: Optional

Risk Analysis

Extreme flood (9/10) and wind (10/10) risks significantly impact insurance costs and may require additional coverage. Storm surge could cause severe damage, given the waterfront location. The luxury market in Bonita Springs has shown signs of softening, with this property's value essentially flat since 2021. Potential oversupply of similar high-end properties could impact future appreciation. Climate change may exacerbate flooding and heat risks over time, potentially affecting property value and livability. The optional club membership, while adding value, could become a financial burden if fees increase substantially.
Insurance
Annual Cost

$8,622

$719 per month

Financials

Monthly Costs
Market Rent (6 bed)

$2,471

Get a detailed rental estimate on Zillow®
HOA Fee

$252

Price History

Property Taxes

$26,773
2023 Tax Assessment
8.7%from previous year
Assessed Value$2,589,443
Tax Rate1.03%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$190,000

-92.1% below list price

Median Price

$250,000

Based on 6 recent sales

Price per Sq.Ft

$0

Comparable Properties

164 1st ST, BONITA SPRINGS, FL 34134
Price: $250,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 11/19/2024
164 1st Street, Bonita Springs, FL 34134
Price: $250,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 11/19/2024
164 1st ST, BONITA SPRINGS, FL 34134
Price: $250,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 11/19/2024
4751 Bonita Beach RD SW, BONITA SPRINGS, FL 34134
Price: $130,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 10/22/2024
4751 Bonita Beach Road SW, Bonita Springs, FL 34134
Price: $130,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 10/22/2024
4751 Bonita Beach RD SW, BONITA SPRINGS, FL 34134
Price: $130,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 10/22/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings

$71,850

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results