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227 Channel Drive
About This Property
A rare opportunity to own a prime waterfront homesite at 227 Channel Drive. This exceptional lot offers the ideal setting to build a custom luxury residence with direct access to the Gulf, making it perfect for boating enthusiasts and those seeking the ultimate Southwest Florida lifestyle.
Enjoy the best of Naples with beautiful water views, quick access to world-class fishing and boating, and the convenience of being just minutes from pristine beaches, fine dining, upscale shopping, golf, and everything the area has to offer.
Whether you're looking to create your forever home, a seasonal retreat, or an investment property, this homesite offers endless possibilities in a highly sought-after location. Waterfront lots with this combination of location, lifestyle, and potential are becoming increasingly difficult to find.
Don't miss your chance to secure your place in paradise. Build exactly what you want and start living the Naples waterfront lifestyle you've always envisioned.
Highlights:
Prime waterfront homesite
Direct Gulf boating access
Ideal for a custom luxury home
Minutes to beaches, shopping, dining, and entertainment
Excellent opportunity for both homeowners and investors
Schedule a visit today and see why this property is the perfect place to build your dream.
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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 5, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Listed by Flat Fee MLS Realty | $2,995,000 | |
| Listed by Flat Fee MLS Realty | |||
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jul 1, 2025 | In contract | - | |
| In contract | |||
| May 19, 2025 | Price Decreased |
$3,095,000
↓ $155K
(4.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017