19
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18018 Royal Hammock Blvd
About This Property
Situated in a desirable residential area, this property offers convenient access to a pharmacy (1.61 miles), highways (1.52 miles), McIlvane Marsh Preserve (1.66 miles), and Rcma Migrant Headstart school (1.69 miles). The lot is located in Flood Zone AE, a high-risk Special Flood Hazard Area (SFHA) with a 1/100 annual chance of flooding. Building is possible but requires strict compliance with local floodplain regulations, including elevating the structure above the base flood elevation (BFE), using flood-resistant materials, and obtaining permits. Flood insurance is typically mandatory for federally backed loans, increasing costs and potentially limiting financing options. No wetlands present, allowing for full lot utilization without environmental buffers or mitigation requirements.
Zoned RSF-3 (Single-Family Residential), the property supports single-family detached homes by right and modular homes if code-compliant. ADUs may be allowed per the FL Live Local Act. Density typically ~3-5 units/acre depending on lot size. Duplexes, townhomes, multifamily development, and mobile home communities are generally prohibited without rezoning. Buyer should verify all zoning, setbacks, utility availability, and development requirements with the City of Naples Planning Department.
The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Price Decreased |
$240,000
↓ $25K
(9.4%) | |
| Price Decreased | |||
| Jan 6, 2026 | Price Decreased |
$265,000
↓ $10K
(3.6%) | |
| Price Decreased | |||
| Oct 20, 2025 | Listed by Sunland Real Estate, LLC. | $275,000 | |
| Listed by Sunland Real Estate, LLC. | |||
| Jul 1, 2025 | No longer available | - | |
| No longer available | |||
| Feb 6, 2025 | Price Decreased |
$299,000
↓ $76K
(20.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017