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Sold - 6640 Beach Resort Dr., #7

$173,000 SOLD!!!

Photo of 6640 Beach Resort Dr. #7, Naples, FL, 34114.

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Falling Waters Beach Resort : Community Entrance

Address: 6640 Beach Resort Dr. #7	City/ST: Naples, FL	Zip Code: 34114
Location: 6640 Beach Resort Dr., #7	Property Type: Condo	New or Resale: Resale
Square Footage: 1351	Bedrooms: 2	Bathrooms: 2
MLS# 209035283	Property Tax: $2089

Turnkey read to move in garden level condo that's priced to sell. This 2 BR, 2 BA beauty features southwesterly rear exposure, lake views, light and bright kitchen, ceramic tile, glass sliders to enclose the spacious lanai and a great location just minutes from downtown Naples or the beaches of Marco Island. The community includes its own water park style Lazy River, separate lap pool, clubhouse, library, tennis court and more!

Last Updated: 8/9/2010 11:17:02 AM

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Falling Waters Beach Resort
Clubhouse
Community Pool
Tropical Entry
Kitchen
Breakfast Area
Living Room
Informal Living Area
Master Bedroom
Master Bath
Guest Bedroom
Guest Bath
Lanai
Lanai Sitting Area
Summer Kitchen
Lanai Lake View 1
Lanai Lake View 2
Lanai Lake View 3
Laundry
Garage

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Tax Considerations >Beneficial Tax Laws

American tax law offers a significant capital gains tax exemption that allows taxpaying homeowners to unlock home equity and end the spiraling cycle of "investing up." First-time buyers enjoy expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, rules that allow penalty-free withdrawals to purchase a home.

Every two years, married sellers of principal residences who file joint federal income tax returns are allowed a $500,000 exclusion ($250,000 for singles) from capital gains tax. For sales that took place after May 6, 2003, the maximum capital gains tax rates for profits above the exclusion dropped from 20% to 15% for higher income taxpayers, and from 10% to 5% for lower income taxpayers.

Homeowners can now consider several new options. People who find themselves at an empty-nester stage (no children at home) in a four or five bedroom home with a large equity have been able to unlock their equity dollars, using the income to help their children buy a first home, take a luxury cruise, remodel the house or purchase a second home for vacation or retirement.

Consult your tax advisor for advice regarding your particular circumstance.

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Q	What trendy and highly unusual hotel must be totally rebuilt every year?
A	Sweden's popular Ice Hotel, which has 60 double rooms, 25 suites and an interior temperature of 20 degrees, starts melting to the ground in May and is rebuilt every winter.
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Dorothy and Ed O'Kelley, CRS, GRI, REALTOR�, real estate agent and broker for Marco Island, Naples and Bonita Springs, Florida home listings, property and land for sale - NUMBER1EXPERT

Ed and Dorothy O'Kelley, CRS, GRI, CDPE
RE/MAX Results Realty
847 N Collier Blvd, Suite 216
Marco Island, FL 34145
Direct: 239-389-3223 & 389-3224
Fax: 888-449-7329
Ed: 239-285-3802
Dorothy: 239-285-3851
Toll Free: 800-423-2962, ext. 4595
okelleyhomes@NUMBER1EXPERT.com
ed@okelleyhomes.com
dorothy@okelleyhomes.com
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