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1551 Bembury Drive
About This Property
surrounds. Set on nearly three-quarters of an acre with more than 550 feet of Gulf-access waterfront, this exceptional Naples property offers a level of privacy and natural beauty rarely found this close to downtown Naples! Framed by seventeen majestic Royal Palms and overlooking protected conservation land along the Gordon River, the setting is both tranquil and timeless. The existing residence features three bedrooms with multiple lanais and balconies designed to capture sweeping water and preserve views. Whether enjoyed as it stands or reimagined into a custom waterfront estate, the possibilities are endless. Adding to its distinction, this remarkable property carries a unique place in Collier County history, having once been owned by two of the area's original settlers. Direct Gulf access invites boating, fishing, and unforgettable sunsets, while multi-family zoning provides rare flexibility and long-term investment potential. Just moments from Naples; premier shopping, dining, and cultural attractions, this is a legacy estate where history, privacy, and enduring value converge.
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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 |
|---|---|---|---|
| Jun 22, 2026 | Listed by Gulf Coast International Prop | $2,395,000 | |
| Listed by Gulf Coast International Prop | |||
| Mar 5, 2026 | No longer available | - | |
| No longer available | |||
| Feb 20, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jan 20, 2026 | Listed by Downing Frye Realty Inc. | $2,375,000 | |
| Listed by Downing Frye Realty Inc. | |||
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To a true Floridian, the land is more sacred than the dwelling. Encompassed by 17 Royal Palms and over 550 feet of water frontage, this gulf access property is the ultimate in privacy in Naples. With 3 bedrooms and multiple lanais and balconies overlooking conservation land and the Gordon River, you will not want to leave this prestigious home and land. Future value is assured by virtue of the multi family zoning.
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| Dec 9, 2025 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017