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1492 Bembury Drive
About This Property
This to be built home and homesite package offers the location buyers are drawn to at a similar overall price point, but with a homesite that lives very differently.
Set on an oversized .67-acre site with approximately 240 feet of depth, the property provides a level of backyard space, separation, and flexibility that is hard to find this close in.
The home is thoughtfully designed with clean coastal architecture and modern livability, with the ability to personalize key selections while there is still time.
What truly sets this opportunity apart is what is coming, not what is already there.
This will be up to nine newly built homes, side by side, creating a consistent and intentional streetscape from day one rather than a mix of older homes and long-term unknowns. You will know exactly what your street becomes.
Southern exposure keeps your pool and outdoor living sun filled throughout the day, while the added depth allows for more meaningful outdoor space, privacy, and flexibility in how the home is positioned on the lot.
You are minutes to the Naples Design District, Lake Park, and a straight shot to Fifth Avenue South, 3rd Street South, and the Gulf beaches.
No HOA. Comparable pricing. A homesite that gives you more where it counts.
For buyers who love the location of Lake Park but not the limitations, Bembury represents the next evolution.
Call to review plans, pricing, and timing. Founding Buyers may benefit from enhanced design flexibility and the ability to secure current pricing during the initial release.
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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 |
|---|---|---|---|
| Apr 6, 2026 | Listed by Compass Florida LLC | $3,385,000 | |
| Listed by Compass Florida LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017