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230 Seabreeze Avenue
About This Property
This exceptional 0.30-acre property is tucked away at the end of a quiet cul-de-sac and offers highly sought-after southern exposure with over 140 feet of seawall. One of only 83 exclusive parcels in Naples where you can enjoy direct Gulf access from your backyard and walk to the sugar-white sands of Vanderbilt Beach-a truly rare combination.
Significant groundwork has already been done: the existing structure has been torn down, a brand-new dock with a 32,000 lb lift (built to accommodate up to a 40-foot boat) has been installed, and a variance has been approved to reduce setbacks-expanding the buildable footprint. The owner has also invested over $100,000 in architectural plans with Herscoe Hajjar Architects, offering a valuable head start on construction.
Located within walking distance to LaPlaya Beach Resort and just minutes from The Ritz-Carlton, Mercato, and Waterside Shops. Don't miss this rare opportunity to secure one of Naples' most desirable waterfront addresses.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017