207 San Mateo Dr

2.4M

6 beds

6 baths

4,954 sqft

6 bd • 6 ba • 4,954 sf

This analysis was generated 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

Property History

Price History

Ownership Timeline

$2,400,000Cash Purchase

Dec 23, 2021

Stephane Graber, The Sunny Hill TrustDaniel Davis

Warranty Deed