47
Map
116 Sharwood Drive
About This Property
Rarely does a property of this caliber become available in the heart of North Naples. Situated on an expansive 0.62-acre Gulf access waterfront lot, this unique property offers an exceptional combination of privacy, recreation, boating access, and future potential-all without HOA restrictions.
Enjoy direct boating access through scenic mangrove-lined waterways to Wiggins Pass and the Gulf of Mexico, making this a true paradise for boating enthusiasts, kayakers, paddleboarders, and anglers. The 2021 composite dock, complete with water and electric service, provides effortless access to the water right from your backyard.
Outdoor living is where this property truly shines. Designed for entertaining and enjoying the Southwest Florida lifestyle, the backyard features a 14' x 28' deep swimming pool, an eight-seat tiki bar, a waterfront chickee hut with picnic seating, outdoor shower, and a 10' x 33' screened lanai equipped with three electric roll-down shutters.
The oversized lot provides exceptional flexibility and offers a rare opportunity to create a truly customized waterfront retreat. Whether your vision includes expanded outdoor living spaces, recreational amenities, additional storage for boats and recreational vehicles, or other enhancements, the property offers ample room to accommodate a variety of lifestyles.
The residence offers 2,114 square feet of living space and is built on a solid stem wall foundation. Inside, you'll find three bedrooms, two bathrooms, formal living and dining rooms, a spacious family room, and a breakfast nook, creating a flexible floor plan ready to enjoy today or personalize over time.
Additional features include:
• 22kW whole-house Generac generator
• Reverse osmosis water system
• Clear panel hurricane shutters
• Ample boat and RV storage
• No HOA restrictions
• Western exposure for beautiful Florida sunsets
Located just minutes from Naples' world-famous white sand beaches, Mercato, Waterside Shops, fine dining, shopping, golf courses, and top-rated medical facilities, this property offers the rare opportunity to secure Gulf access, an oversized waterfront lot, and a prime North Naples location in one of the area's most desirable non-HOA communities.
Whether you're seeking a waterfront retreat, a boating lifestyle, or a property with unlimited potential in an exceptional location, this is an opportunity not to be missed.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Price Decreased |
$990,000
↓ $200K
(16.8%) | |
| Price Decreased | |||
| Jan 14, 2026 | Price Decreased |
$1,190,000
↓ $240K
(16.8%) | |
| Price Decreased | |||
| Jun 26, 2025 | Listed by William Raveis Real Estate | $1,430,000 | |
| Listed by William Raveis Real Estate | |||
| Jun 4, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
Property Highlights
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About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017