South Naples · Collier County, FL
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Florida REALTOR® · License SL3504588 ·Realty ONE Group MVP · The Nicholas Nolan Team ·Independent Lely Resort resource ·📞 (239) 877-4646
Single-Family · Lely Resort

Masters Reserve

Players Club: Mixed (verify per home)

Established single-family homes with lake and golf views near the Players Club — low HOA and unusually flexible rentals make it a long-time favorite.

The overview

About Masters Reserve

Masters Reserve is built for flexible, low-cost ownership: a notably low HOA and leasing up to 12 times a year — rare for a single-family Lely neighborhood — keep the carrying cost down and the calendar yours. It’s a popular neighborhood of about 136 homes built roughly 2002–2005, on tree-lined streets close to the Players Club & Spa.

Homes generally run 1,700–2,500 square feet with private pools and lake or golf views.

Figures are approximate, compiled from MLS and public/association sources, and change without notice. Confirm current dues, rules, and covenant status for any specific home before relying on them — or ask me.

Quick facts

Property typeSingle-family
Build years2002–2005
BuilderStock Development
Typical size~1,700–2,500 sq ft
Bedrooms3
Homes / units~136
ViewsLake, golf
Players ClubMixed (verify per home)
HOA (approx.)~$475/quarter (low) — verify
Rentals30-day minimum, up to ~12 leases/yr
PetsAllowed with approval
The market

What homes cost in Masters Reserve

5
active listings
$815K–$900K
active price range
$500K
median sold (all-time)
$265
median $/sq ft (all-time)

Drawn from this community’s recorded MLS sales; the active snapshot is June 2026 and changes constantly. Want live, exact numbers and what’s available right now? Ask for a current Masters Reserve report. Live MLS listings open on our team’s search site.

Is it right for you?

Living in Masters Reserve

What buyers love

  • ✓ Low HOA for a single-family area
  • ✓ Flexible leasing (up to 12 leases/yr)
  • ✓ Walkable to the Players Club
  • ✓ Established, mature streets

Worth knowing

  • • Mixed covenant — verify Players Club status per home
  • • Early-2000s construction
  • • Smaller lots than the estate areas

Players Club & Spa: Masters Reserve is mixed on the official list — confirm membership obligation for the specific home. See what the Players Club costs, the cost-of-ownership guide, and Players Club amenities.

Resort living

Golf & the Players Club & Spa

Players Club & Spa access in Masters Reserve depends on the specific home (it’s a mixed covenant) — but the resort’s amenities are right here when you want them.

Local market intelligence

The data on Masters Reserve

Homes in Masters Reserve take a little longer to sell (~79 days), at about 97% of list price (~3% negotiating room). At ~5.7 months of supply, it's a balanced market.

79 days
median time to sell
97%
of list price received
$476
median $/sq ft (recent)
$844K
median sold (recent)
~11/yr
homes sold
~5.7 mo
months of supply

Based on 28 recorded sales (2023–2026) plus older history; figures are approximate and change constantly.

Age & what to check

Home age~23 years (built 2003–2004)
A/CPast typical service life — many have been replaced; verify the date and condition.
Water heaterPast typical life — likely replaced at least once; verify.
RoofMid-life — confirm remaining life and any insurance-required updates.
Insurance & codeBuilt to the 2002+ Florida Building Code — generally favorable wind ratings and insurance; ask for the wind-mitigation form.

From the listings: remarks here often mention turnkey-furnished options — verify ages and permits on the exact home.

What agents highlight

Across recent Masters Reserve listings, agents most often highlight open great-room layouts, turnkey-furnished options, preserve/privacy, and outdoor living.

Before closing: ask for Masters Reserve’s latest budget, reserve study, and any planned special assessments — and confirm the Players Club covenant on the exact home.

Good to know

Masters Reserve FAQs

Is Players Club membership required in Masters Reserve?

It depends on the home. Masters Reserve has both required and optional covenant agreements on record, so Players Club status varies property to property — always confirm the covenant before you write an offer.

How much does the Players Club & Spa cost in Masters Reserve?

Where it applies, Players Club & Spa membership runs about a $10,000 refundable deposit plus roughly $6,400 a year (+6% tax). In Masters Reserve some homes require it and some don't, so confirm the covenant and current rates before you rely on a number.

What are the HOA fees in Masters Reserve?

Roughly ~$475/quarter (low) — verify. HOA dues typically cover community maintenance and common areas (often landscaping), but usually do not include Players Club dues. Confirm the current amount and exactly what's covered for the specific home.

Can you rent out a home in Masters Reserve? What are the leasing rules?

In Masters Reserve, the association allows 30-day minimum, up to ~12 leases/yr. That sets the minimum lease length and how many times per year you can lease — important for rental or seasonal use. Rules change, so confirm the current limits for the exact home.

Are pets allowed in Masters Reserve?

Yes — in Masters Reserve, pets are allowed with approval. The association sets the specifics (number, size, and sometimes breed), and rules change — confirm the current pet policy for the exact home.

Does Masters Reserve have its own pool or clubhouse?

Masters Reserve generally doesn't have a separate private clubhouse — residents enjoy Lely Resort's shared amenities (the Players Club & Spa and the three golf courses). Confirm any small sub-association amenities for the specific home.

How far is Masters Reserve from the Players Club & Spa?

The Players Club & Spa is centrally located within Lely Resort, so from Masters Reserve it's a short walk or golf-cart ride away. Most of the community is within roughly a mile or two of the club.

How much do homes cost in Masters Reserve?

Recent listings in Masters Reserve have ranged about $815K–$900K, with a median sold price near $500K (about $265/sq ft). Inventory is limited and changes constantly — ask for a live Masters Reserve report.

Is Masters Reserve a 55+ or age-restricted community?

No. Masters Reserve, like all of Lely Resort, is an all-ages community — it is not age-restricted. Homes here serve full-time, seasonal, and rental use.

How fast do homes sell in Masters Reserve, and is there room to negotiate?

Recently, Masters Reserve homes have sold in a median of 79 days at about 97% of list price — roughly 3% negotiating room. With ~5.7 months of supply, it's balanced. These numbers shift constantly, so ask me for this week's read before you make a move.

How old are homes in Masters Reserve, and what should I inspect?

Masters Reserve homes date to 2003–2004 (about 23 years old). At that age, look closely at the A/C (12–15-yr life), water heater (10–12-yr), and roof, and ask for the permit history. Listing remarks here frequently mention turnkey-furnished options — a plus, but verify ages and permits.

Will home insurance be expensive in Masters Reserve?

Generally favorable. Masters Reserve was built to the 2002+ Florida Building Code, so homes typically carry better wind ratings — request the wind-mitigation form to confirm credits.

Schools

Schools near Masters Reserve

Like the rest of Lely Resort, Masters Reserve sits in South Naples’ 34113 area and is served by Collier County Public Schools, an A-rated district. The public schools most often associated with Lely Resort are Lely Elementary, Manatee Middle and Lely High School — but attendance zones change, so confirm the current assignment for the exact address. Our schools near Lely Resort guide has recent ratings, private-school options and how to verify zoning.

A day here: a morning tee time on Flamingo Island or Mustang — both public, no membership needed — an afternoon by your own pool with the lake or golf view beyond, and an evening walk down established, tree-lined streets. Could you see yourself here?

Talk to a local specialist

Thinking about Masters Reserve?

I’ll send current Masters Reserve listings, the real dues and membership picture for the exact home, and honest pros and cons. No pressure.

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  • ✓ Live MLS data for Masters Reserve
  • ✓ Florida REALTOR® SL3504588

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