Set behind a curtain of mature landscaping and shimmering water,
154 Cajeput Drive presents a rare and compelling opportunity to
create a legacy estate within the heart of Pine Ridge Estates.
Spanning nearly one point nine acres with more than two hundred
feet of lake frontage, this secluded property captures the essence
of refined Naples living defined by space, privacy, and natural
beauty. The expansive lakefront setting serves as the home's
defining feature, offering long, tranquil water views and an
exceptional sense of openness rarely found this close to the city's
most desirable destinations. Whether envisioned as a reimagined
retreat or a site for new architectural expression, the generous
acreage allows for sweeping outdoor living spaces designed to
embrace the water and the surrounding tropical landscape. A private
tennis court elevates the property into true estate territory,
providing a resort-style amenity that complements an active yet
elegant lifestyle. The presence of a separate guest house offers
flexibility for hosting extended guests, accommodating staff, or
creating a private studio or office, all while preserving the main
residence's sense of retreat. Seclusion is paramount here, with the
home discreetly positioned to ensure privacy without sacrificing
convenience. Pine Ridge Estates is renowned for its estate-sized
parcels and proximity to Naples' celebrated dining, shopping, and
white-sand beaches, allowing residents to enjoy both tranquility
and accessibility. 154 Cajeput Drive is a singular canvas for those
seeking lakefront acreage, coveted amenities, and enduring value in
one of Naples' most prestigious communities. An exceptional
opportunity to secure a private waterfront lifestyle and craft an
estate that reflects your vision of elevated coastal living.
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.
154 CAJEPUT DR is the lot you have been waiting for. Rarely available, nestled in the heart of Naples in the highly sought-after Pine Ridge Estates you will discover this almost 2 acre lot waterfront property with 204 feet of unparalleled views of Mockingbird Lake with riprap waterfront protection. Situated on highly coveted and quaint Cajeput Drive, this 2 story GEARY designed home features 5 bedrooms, 5 bathrooms, game room, loft, sauna, cathedral ceilings, a Har-Tru Tennis court, 500 gallon gas generator, electric and manual storm shutters, a 1220 square feet guest house with 2 bedrooms and 2 bathrooms set amidst lush landscaping and mature trees lining the circular and long driveway. This is a very rare opportunity to build your dream home or as a builder spec home investment in an oversized waterfront lot. This property has stayed high and dry through the past decades of Florida storms. Close to Ritz-Carlton, Tiburon golf course, upscale Waterside Shops, fine dining, nightlife, Artis Naples, 5th Avenue, and Naples famous white sugar sand beaches.
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