2348 Lake Avenue
About This Property
the 10-foot farmhouse table, glowing under string lights. This is a special place your friends and family will want to visit again and again. Just minutes to the beach, Old Naples, the Bayshore boat launch, Celebration Park, Naples Botanical Garden, and plenty of pickleball, this home puts you at the center of it all-while giving you a private, peaceful retreat. Up in the treetops and surrounded by lush gardens filled with flowering trees and majestic king palms, you'll enjoy daily visits from songbirds, lake bass, turtles, and even the occasional iguana! Launch your kayak right from the backyard, cast a line in the lake, or simply unwind in your fully fenced sanctuary-perfect for pets and total privacy. you're soaking in the 8x2-foot plunge pool, lounging by the fire pit,
napping in the hammock ,or rinsing off under the stars in your outdoor shower, you'll find endless ways to relax and recharge. This turnkey home is ready for its next chapter and new family. Don't miss your chance to own this truly unique Naples retreat - where serenity, adventure, and unbeatable location come together. Schedule your private tour today!
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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 |
|---|---|---|---|
| Oct 27, 2025 | Sold | ||
| Sold | |||
| Sep 26, 2025 | In contract | - | |
| In contract | |||
| May 28, 2025 | Price Decreased |
$700,000
↓ $50K
(6.7%) | |
| Price Decreased | |||
| May 4, 2025 | Price Decreased |
$750,000
↓ $75K
(9.1%) | |
| Price Decreased | |||
| Apr 24, 2025 | Listed by John R Wood Properties | $825,000 | |
| Listed by John R Wood Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017