A landmark, custom built, Old Naples estate just four homes from
the Gulf. Elevated and recently renovated, this exceptional
residence offers over 7,500 square feet of refined AC-living with
timeless architecture and exquisite craftsmanship. Features include
a grand two-story foyer, coffered ceilings, rich millwork, library,
formal dining, and expansive living spaces filled with natural
light. The chef's kitchen boasts Wolf and Sub-Zero appliances, dual
islands, marble prep areas, butler's pantry, and wine cellar. The
luxurious master suite offers a sitting area, dual walk-in closets,
spa bath, and private balcony. Outdoor living includes a heated,
salt system pool and spa, outdoor kitchen, fireplace, lush
landscaping, and shaded entertaining areas. Rare, air-conditioned
garage for 10+ vehicles, impact windows and doors, private
elevator, and generator. High and dry, moments to beaches, dining,
and shopping-this is Old Naples luxury at its finest.
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.
Welcome to 140 3rd Ave S, a landmark estate that defines grandeur and sophistication. Perfectly elevated and secure, just four homes from the serene beaches of Old Naples, this recently renovated one-of-a-kind residence offers over 7,500 square feet of exquisitely reimagined living space, boasting unparalleled craftsmanship and timeless elegance. A stately wrap-around porch invites you to a two-story foyer, where classic architectural details and hand-rubbed hardwood floors exude refinement. The expansive, fully air-conditioned garage, a haven for car enthusiasts, can accommodate over ten vehicles. The home’s opulent interior features soaring coffered ceilings and intricate millwork that grace the richly appointed living spaces. The gourmet kitchen is a culinary marvel, equipped with Wolf and Sub-Zero appliances, dual islands, marble-clad prep areas, a breakfast bar, and custom cabinetry. A butler’s pantry and an impressive wine cellar for the finest collections enhance the home’s entertaining allure. The formal dining room, bathed in natural light, overlooks the manicured grounds, while the primary suite encompasses a private sitting area, two water closets, dual walk-in closets, and a romantic balcony. A meticulously detailed library with carved woodwork offers a serene retreat. Outdoors, indulge in the lavish heated pool and spa with a sun shelf, surrounded by lush landscaping and ample shaded dining and lounging spaces. Perched high and dry, this property provides peace of mind while maintaining easy access to coastal living. This is more than a family residence—it’s a legacy of luxury.
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