1131 7th Avenue N
About This Property
Step inside to an impressive oversized great room, where volume coffered ceilings, abundant natural light and generous living spaces create an inviting atmosphere for both everyday living and entertaining. The thoughtfully designed gourmet kitchen serves as the heart of the home, featuring quartz countertops, a large center island and an open connection to the main living areas. Oversized sliding glass doors extend the living space outdoors, creating an effortless indoor-outdoor flow.
The private screened porch is made for gathering with family and friends and overlooks the new pool and spa-a peaceful tropical retreat perfect for enjoying Naples' year-round outdoor lifestyle.
This unique and exceptionally functional floor plan maximizes the living space to create large functional rooms. The desirable split-bedroom design features a primary suite offering a relaxing retreat with a spacious bath, dual vanities and a generous walk-in closet.
The expansive living space continues with two large guest bedrooms and an oversized office complete with a Murphy bed, easily transforming the space into an additional guest room when needed.
Adding to the home's distinctive appeal is its sought-after alley access. Parking is conveniently available in front of the residence, while the attached garage is discreetly positioned at the rear of the home along one of Old Naples' charming alleyways, with additional parking available.
Filled with coastal charm, generous living spaces and thoughtful architectural details, this residence beautifully captures what makes downtown Naples so special-a relaxed, sophisticated lifestyle with NO HOA, where mornings can begin by the pool and evenings can be spent enjoying Fifth Avenue South, all just minutes from the white-sand beaches of the Gulf.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2026 | Listed by Downing Frye Realty Inc. | $2,799,000 | |
| Listed by Downing Frye Realty Inc. | |||
| Apr 2, 2023 | No longer available | - | |
| No longer available | |||
| Mar 9, 2023 | Price Decreased |
$2,999,500
↓ $450
(0%) | |
| Price Decreased | |||
| Mar 6, 2023 | Price Decreased |
$2,999,950
↓ $195K
(6.1%) | |
| Price Decreased | |||
| Feb 1, 2023 | Listed by Downing-Frye Realty, Inc. | $3,195,000 | |
| Listed by Downing-Frye Realty, Inc. | |||
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Don't miss the opportunity to live in the lovely LAKE PARK neighborhood... walk or bike to the white sandy Naples beaches, A rated schools, infamous 5th Ave and casual neighborhood restaurants. This custom built contemporary cottage style home with Old Florida charm has 3 bedrooms, 2 bathrooms, a large den/office and an island kitchen. The quality of the home is displayed as you walk up the impressive brick pavers leading to the inviting front porch. Simply relax in the open floor plan, generous volume ceilings, wood floor planking and plantation shutters throughout. Bringing the outside in....a wall of glass sliding doors opens to the oversized lanai and a spectacular custom pool and spa. This move-in-ready home was built in 2017, has impact windows and doors, is wired for a generator, has alley access, full home security system, NO HOA fees and had NO water or wind damage from hurricane Ian. Minutes from all of the beauty Naples has to offer! The manager has listed the unit size as 2821 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017