1650 3rd Street S
About This Property
Nestled in the heart of prestigious Aqualane Shores, this highly coveted property offers an unparalleled Naples lifestyle just a short stroll to the pristine Gulf beaches and world-class shopping and dining of Third Street South and Fifth Avenue South. This .38 acre lot with ideal western rear exposure presents an extraordinary opportunity to either REMODEL or CREATE your OWN dream estate. All in one of Naples' most sought-after luxury neighborhoods! Unique 2nd residential access road off rear of property - - - multiplies uniqueness for new construction garage plans on the western side.
With lush mature tropical surroundings, existing landscaping privacy and prime positioning - - - this property is ideal for those looking to BUILD a coastal retreat or RE-IMAGINE an existing storm damaged home to match the elegance and sophistication of its surroundings. Embrace the coastal luxury lifestyle in a location that truly defines exclusive Naples living.
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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 |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Mar 4, 2025 | In contract | - | |
| In contract | |||
| Feb 26, 2025 | Listed by Marzucco Real Estate | $3,947,000 | |
| Listed by Marzucco Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017