50
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250 S Golf Drive
About This Property
MHK Architecture has prepared a report identifying an 8,427-square-foot buildable area and 5,422-square-foot allowable footprint, presenting an exceptional opportunity to create a substantial custom estate in one of Naples' most coveted locations.
The existing 3,016-square-foot residence offers 3 bedrooms plus a den/office, 4 baths, a private pool and spa, and a well-appointed kitchen. Significant improvements completed in 2023 include a new roof, pool heater, HVAC system, water heater, refrigerator and dishwasher, new carpet throughout, kitchen and guest bathroom countertops, and a new guest bathroom off the den.
Whether envisioned as a sophisticated renovation or replaced with a new custom residence, this exceptional homesite offers possibilities rarely found in Old Naples. The Gulf beaches and Four Seasons are a short walk away, while 5th Avenue South and 3rd Street South are approximately five minutes by car, placing Naples' finest dining, boutique shopping, galleries, and downtown amenities within easy reach.
Rare land. Exceptional frontage. An open outlook across the Four Seasons golf course. And one of the most coveted locations in Old 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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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.
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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 1, 2026 | Listed by William Raveis Real Estate | $5,300,000 | |
| Listed by William Raveis Real Estate | |||
| Jan 27, 2025 | No longer available | - | |
| No longer available | |||
| Feb 19, 2024 | Listed by William Raveis Real Estate | $6,250,000 | |
| Listed by William Raveis Real Estate | |||
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Welcome to this inviting Old Naples home, just steps from the Gulf. Nestled on a 0.35-acre lot with southern exposure, this charming Olde Naples gem boasts 3,016 sq ft of AC living area, including 3 bedrooms plus an office and 4 bathrooms. Enjoy the private pool, spa, and chef's kitchen, perfect for entertaining or simply relaxing in style. Recent upgrades in 2023 include a new roof, custom cabinetry, quartz countertops, refrigerator, dishwasher, and a complete remodel of the third bathroom, ensuring modern luxury and convenience. Just a short walk leads to the pristine white sandy beaches and the renowned Four Seasons, a rare gem along Florida’s Gulf Coast nestled in the heart of Naples. Whether by bike or a quick 5-minute drive, explore upscale shopping destinations along 5th Avenue South and historic 3rd Street South, renowned for acclaimed fine dining venues, boutique shops, and cultural experiences, including art galleries. Immerse yourself in the dynamic Naples lifestyle while embracing the coastal dream. This retreat is a rare find, seamlessly combining elegance and comfort in Naples' core. Don't pass up the chance to make it your own and experience the quintessential Naples lifestyle amidst picturesque surroundings.
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| Feb 20, 2007 | Sold | ||
| Sold | |||
| Mar 29, 2000 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017