115 East Avenue
About This Property
Step beyond the impressive entryway into a realm of refined details and thoughtful design. With its soaring ceilings and abundant natural light, the expansive great room forms the heart of this single-level estate, seamlessly connecting to the chef's kitchen and dining areas. The private study/office provides a tranquil space for work or reflection, while the dedicated media/entertainment room is perfect for cozy movie nights or watching the big game. Every aspect of this home speaks to quality and comfort, further enhanced by the peace of mind provided by an upgraded whole-house generator supported by three 1000-gallon propane tanks, ensuring uninterrupted comfort and convenience regardless of external conditions. The phenomenal master suite offers a true retreat with its sitting room, morning bar, and spa-like bath, while additional en-suite bedrooms provide luxurious accommodations for family and guests.
Discover the unparalleled elegance of Pine Ridge Estates, Naples' most sought-after luxury neighborhood, offering expansive lots that define estate-style living. Nestled amidst lush landscaping and towering pines, this exclusive community is renowned for its remarkable privacy, architectural diversity, and freedom from HOA restrictions. With proximity to world-class shopping at Waterside Shops, fine dining at Mercato, and the pristine shores of Vanderbilt Beach, Pine Ridge Estates delivers a rare blend of tranquility and convenience. Whether envisioning a custom-built masterpiece or enjoying the charm of a sprawling residence, Pine Ridge Estates is where luxury living meets serene seclusion in the heart of Naples.
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What does this mean?
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%.
How much can I actually make?
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.
How is cap rate calculated?
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.
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About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017