Why 5501 Heron Point Dr #303 Is A Smart 1031 Exchange Option Before Year End

1031 exchange buyers are always looking for properties that offer ease, stability, and long term value. For those hoping to identify and close on a replacement property before December 31, the timing can offer an additional benefit. While I am not an accountant, many investors tell me that closing before year end allows them to begin taking depreciation on the asset for this tax year. Always verify with your CPA, but it is something experienced investors tend to keep in mind as the calendar winds down.

5501 Heron Point Dr #303 is an appealing option for investors who want a low maintenance, high demand condo in Pelican Bay, at a very friendly price point. The building has been recently updated, the lobby and social areas feel fresh and coastal, and there are no anticipated major assessments. The condo itself is fully furnished, clean, and move in ready with new carpet, appliances, and furniture. For a 1031 buyer, this makes the transition seamless. You can place the property into your portfolio with minimal work and begin generating rental income in a community that consistently attracts seasonal demand.

The location on the south end of Pelican Bay is also part of the appeal. Residents can bike to Waterside Shops, Kunjani Coffee, Artis Naples, and the new Publix at Neapolitan Way (opening soon!). The building is steps to the Pelican Bay tram, offering quick access to private beach clubs, beachfront dining, tennis, pickleball, and miles of walking paths. Renters love this convenience as much as owners do.

For investors seeking a replacement property that fits the Pelican Bay lifestyle, requires little maintenance, and offers excellent guest appeal, this residence in St. Tropez is worth a closer look.

Explore the full property dossier here:
https://linktr.ee/StTropez_303

 If you are navigating a 1031 exchange and want to see how 5501 Heron Point Dr #303 could fit your strategy, reach out anytime. I am happy to walk you through the details and arrange a private showing. Melinda Gunther with Premier Sotheby's International Realty at 239.297.2155