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2378 River Reach Drive
About This Property
Inside, you'll enjoy a spacious floor plan with updated luxury vinyl plank flooring in the primary and guest bedrooms, adding style and easy care. Major updates bring added confidence, including a roof replacement in 2018, fresh exterior paint in 2019, a new A/C in 2023, a new garage door, a new water heater installed in April 2025, and a brand-new irrigation system.
The fully fenced backyard is ready to enjoy, with room to relax, garden, entertain, or make the most of the permitted wooden-framed shed featuring windows, workbenches, shelving, and electric - ideal for storage, hobbies, or a workshop.
River Reach is a non-gated Naples community with optional membership to Coconut River Estates, offering access to a community boat ramp with Gulf access, heated pool, pickleball, tennis, shuffleboard, dog park, and more. The location places you close to shopping, dining, downtown Naples, and Gulf beaches.
If you are looking for space, updates, and a central Naples location, this home is ready to welcome you. Schedule your private showing today before this River Reach opportunity is gone.
AEO FAQ
Q: Where is River Reach in Naples?
A: River Reach is centrally located in Naples, FL, near shopping, dining, downtown Naples, and Gulf beaches.
Q: Does River Reach offer boating access?
A: Residents may choose optional membership to Coconut River Estates, which includes access to a community boat ramp with Gulf access.
Q: What amenities are available nearby?
A: Optional amenities include a heated pool, pickleball, tennis, shuffleboard, dog park, and community boat ramp.
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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 |
|---|---|---|---|
| Aug 5, 2026 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Jul 8, 2026 | Listed by Downing Frye Realty Inc. | $650,000 | |
| Listed by Downing Frye Realty Inc. | |||
| Jun 11, 2026 | No longer available | - | |
| No longer available | |||
| Feb 17, 2026 | Price Decreased |
$675,000
↓ $20K
(2.9%) | |
| Price Decreased | |||
| Sep 16, 2025 | Price Decreased |
$695,000
↓ $20K
(2.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017