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1290 Venetian Way
About This Property
Inside, the charming vintage cottage aesthetic shines with period-correct furnishings, craftsman-style moldings, custom Hinkley lighting, and a seamless open-concept living, dining, and kitchen area with bar-height seating. Leathered granite countertops resist fingerprints, while a vintage Sarasota Country Club server adds authentic character. Both bedrooms are generously sized, complemented by a large bath, extra hallway storage, washer and dryer hookups, and a layout that lives comfortably like a high-rise condo. Modern upgrades include brand-new central air systems with heat pumps and professionally installed tankless hot water heaters. With no community rental restrictions, a rarity for Naples waterfront, and strong social media recognition, this meticulously curated cottage offers exceptional immediate vacation rental income potential along with long-term investment upside, especially with the U.S. Army Corps of Engineers scheduled dredging of the Cocohatchee River in 2027.
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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%.
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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.
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