245 5th Street N
About This Property
This fully cleared, build-ready lot is located on a peaceful, tree-lined street and features the added advantage of private alley access, perfect for a discreet rear-entry garage design while preserving a striking front elevation and maximizing curb appeal.
Adding to its appeal, the lot provides close proximity to Naples Comprehensive Health hospital and sits just minutes from the newly opened Naples Beach Club, A Four Seasons Resort, offering world-class amenities and resort-inspired living at your doorstep. With desirable western exposure and tremendous architectural potential, this is a remarkable chance to build a custom residence in one of Naples' most sought-after coastal enclaves.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Dec 11, 2025 | In contract | - | |
| In contract | |||
| Nov 26, 2025 | Listed by Coldwell Banker Realty | $2,750,000 | |
| Listed by Coldwell Banker Realty | |||
| Sep 1, 2025 | No longer available | - | |
| No longer available | |||
| Jan 19, 2025 | Listed by Coldwell Banker Realty | $2,950,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
245 5th Street North presents a rare opportunity to own a prime residential lot north of Central Avenue, providing the perfect foundation for your future coastal retreat in the heart of Old Naples. Imagine residing mere moments away from the vibrant 5th Avenue South, where fine dining, boutique shopping, and the relaxed Naples lifestyle await. The pristine beaches of the Gulf of Mexico are just around the corner, inviting you to enjoy morning sunrises and evening sunsets a part of your daily routine. This cleared lot on a beautiful, tree-lined street, offers the unique advantage of alley access, allowing for garage entry from the rear and leaving the front elevation open to maximize curb appeal. The design possibilities for your dream home are limitless in this highly desirable location.
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017