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2448 Andrew Drive
About This Property
Lot #9 offers valuable Collier County, fire, and sewer impact fee credits, creating additional savings for future development. The north parcel, Lot #8, is currently improved with a freestanding detached two-car garage and is also buildable with a new single-family residence; however, no impact fee credits apply to this lot. Survey and zoning information are available in the supplements.
This is an exceptional opportunity to capitalize on the continued growth and redevelopment of the highly desirable Bayshore area of Naples. Build two homes for resale, create an investment portfolio, or explore the possibilities of developing side-by-side residences in one of Naples' most exciting revitalization districts.
The location adds tremendous appeal, walking distance to Bayshore Drive and Celebration Park, and approximately 2 miles from Downtown Naples, Fifth Avenue South, dining, shopping, entertainment, and the Gulf beaches.
Opportunities to secure two buildable Naples lots in one offering, this close to downtown are increasingly difficult to find. An outstanding option for builders and investors seeking land, new-construction potential, and long-term value in the heart of Naples.
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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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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2026 | Listed by William Raveis Real Estate | $299,000 | |
| Listed by William Raveis Real Estate | |||
| Jan 10, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 25, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Feb 7, 2025 | Price Increased |
$899,000
↑ $674K
(299.7%) | |
| Price Increased | |||
| Jun 13, 2024 | Listed by Star Realty of the Gulf Coast | $224,900 | |
| Listed by Star Realty of the Gulf Coast | |||
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CALLING ALL BUILDERS OR INVESTORS....This listing is for only the south 50' x 135' lot; referenced as Lot #9; the lot was previously improved with a single family home that has been removed/razed from the site. This southern Lot #9 for sale provides for Collier County, Fire and Sewer Impact fee credits; The current Property ID is for both Lots 8 & 9 indicating lot size of 100' x 135', however given the fact that these lots are located within the Bayshore GTZO Redevelopment District overlay each lot can be split into two individual 50' x 135' buildable lots. See supplements for zoning information and survey. The north Lot #8 or second 50' x 135' is currently improved with a free standing detached 2 car garage; the lot is also buildable with a new single family home (no impact fee credit), Lot 8 can also be purchased. This listing is for only one of four contiguous lots (Lots 6, 7, 8 & 9), all FOUR LOTS can be purchased and four new homes built on each of the sites.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017