Commanding 268 feet of prime Naples Bay frontage and situated on
one of Port Royal's most admired parcels, this iconic Port Royal
residence represents an enduring legacy of architectural
distinction and waterfront allure. The spectacular six bedroom,
eight bath residence encompasses more than 11,000 square feet of
living space, thoughtfully designed to capture panoramic water
views from nearly every room. Built in 2005, the home reflects a
bespoke blend of Georgian Colonial architecture with Caribbean and
Palm Beach influences, resulting in a refined, timeless aesthetic.
The residence features a dramatic two-story staircase, gourmet
kitchen, formal and casual living and dining spaces, main-floor
primary suite and study, elevator, and private theater. Wine
storage, a wet bar, and seamless indoor-outdoor flow further
enhance the home, with each detail curated to elevate both daily
living and entertaining. A guest wing offers independent living
with two bedrooms, full kitchen, great room, and private entrance,
making it well suited for flexible use or extended visits.
Outdoors, the estate's scale and setting are unparalleled, offering
remarkable amenities including a courtyard-style motor court,
expansive lanai, outdoor kitchen, ample green space, and a
resort-style disappearing-edge pool that blends seamlessly with the
horizon of Naples Bay. Completing the waterfront lifestyle is a
93-foot boat dock with direct Gulf access.
This celebrated estate presents enduring distinction in one of
Naples' most sought-after waterfront enclaves, with immediate
eligibility for Port Royal Club resident membership.
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.
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