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2476 River Reach Drive
About This Property
From the moment you arrive, it is clear this home has been thoughtfully transformed from top to bottom - and not just cosmetically. A full-house renovation has created a fresh, modern aesthetic throughout, paired with meaningful system upgrades that offer both comfort and peace of mind. The home features all-new plumbing (2022), a brand-new A/C system with new ductwork (2026), a new water heater (2022), and impact-resistant windows throughout (with the exception of two small front windows equipped with manual impact screens). Additional enhancements include an upgraded hurricane impact garage door, an updated electrical panel with generator switch capability, and a transferable flood insurance policy - rare and valuable advantages for the next owner.
Step outside to a private backyard retreat designed for the Naples lifestyle. The heated saltwater pool, completed in 2019, features a sun shelf and waterfall element - perfect for relaxing in the Florida sunshine. The pool enjoys unobstructed, direct sun exposure, while the fully screened lanai offers a comfortable space for dining and lounging, giving you the best of both worlds. The fully fenced yard provides privacy and flexibility, and the irrigation well helps maintain lush landscaping efficiently.
While the backyard offers a private haven to enjoy both day and night, the front of the home has been thoughtfully refreshed to capture a charming coastal bungalow aesthetic. Lush, upgraded landscaping enhances the curb appeal, creating a warm and inviting first impression the moment you arrive. The extended driveway not only adds to the home's presence but also provides ample space for guest parking - an often overlooked yet highly valuable feature for entertaining and everyday convenience.
This central Naples location places you approximately 4 miles from the dining and shopping of Fifth Avenue South, about 4.6 miles to the Gulf beaches by car (or approximately 3 miles by bike), 2 miles to Baker Park, 5 miles to the Naples Botanical Garden, and under 3 miles to the Naples Zoo. Top-rated schools, everyday conveniences, and local dining are all within close reach.
Residents of River Reach also have the option to join Coconut River Estates for just $450 per year, providing access to a wide range of amenities including a community boat ramp, heated pool, pickleball and tennis courts, shuffleboard, playground, dog park, nature trails, and additional access to the Gordon River Greenway, along with a calendar of social events.
For buyers seeking a move-in-ready home with meaningful upgrades, a fantastic pool, and one of Naples' most convenient locations, this River Reach residence represents a truly exceptional opportunity. While the list price does not include furnishings, the seller is open to negotiating a furnished/turnkey option.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017