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260 Channel Drive
About This Property
Four levels of inspired design showcase panoramic bay views through walls of glass and expansive terraces that capture the essence of indoor-outdoor living. The exterior sets a bold tone with a granite paver driveway, a 3-car garage featuring frosted glass doors, stainless balcony railings, and a striking glass-and-steel staircase.
Step inside through a 12-foot Tiffany-inspired stainless-steel entry door to discover a luminous interior wrapped in pure Thassos marble floors and anchored by a dramatic glass staircase framed in Macassar wood. The gourmet Allmilmo kitchen-crafted in Germany-is paired with Miele and Gaggenau appliances, dual dishwashers, dual laundry sets, and a temperature-controlled wine cooler, blending form and function seamlessly.
Every detail reflects European precision and design, from the custom Bartels German interior doors to the Bisazza mosaic tile bathrooms in each ensuite. The primary suite elevates luxury with gold-leaf Bisazza tile and sweeping bay views. A state-of-the-art cinema room offers a 120" screen, 3D anamorphic projector, Bang & Olufsen sound, and Swarovski crystal lighting for an immersive experience.
Additional features include an elevator with Swarovski accents, Crestron home automation, and a LightTouch lighting system throughout. The lower level provides a versatile living area with a steam room and direct access to the pool and dock-ideal for guests or a private wellness retreat.
Perfectly positioned along the three finger streets in Connors off Gulf Shore Drive, this south-facing residence captures all-day sunlight and the rare combination of beachside convenience and boating luxury. Just steps to Vanderbilt Beach and LaPlaya Beach & Golf Club, and a short drive to The Ritz-Carlton, as well as the upscale shops and dining at Mercato and Waterside Shops, 260 Channel Drive delivers the ultimate Naples lifestyle-where modern design meets coastal serenity.
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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%.
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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 |
|---|---|---|---|
| Jun 25, 2026 | Price Decreased |
$11,995,000
↓ $905K
(7%) | |
| Price Decreased | |||
| Mar 27, 2026 | Price Decreased |
$12,900,000
↓ $850K
(6.2%) | |
| Price Decreased | |||
| Oct 28, 2025 | Listed by Naples Homes | $13,750,000 | |
| Listed by Naples Homes | |||
| May 25, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Feb 20, 2025 | Listed by William Raveis Real Estate | $13,750,000 | |
| Listed by William Raveis Real Estate | |||
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Experience unparalleled luxury and design in this masterfully constructed custom home, offering breathtaking sweeping bay views from four levels of expansive terraces and endless floor-to-ceiling glass. Perfectly located just steps from Vanderbilt Beach, this residence combines an enviable location with exquisite architectural details. The sleek exterior features a granite driveway leading to triple garages with frosted glass doors, stainless balcony railings, and a striking glass and stainless exterior staircase. Inside, a 12-ft Tiffany-inspired stainless entry door welcomes you to a stunning interior with white Thassos marble floors and a stainless and glass staircase, beautifully counterbalanced by Macassar wood-accented cabinetry and a TV display wall. The state-of-the-art kitchen, laundry, and wine cooler are equipped with Miele and Gaggenau appliances, featuring dual dishwashers, washing machines, and dryers for ultimate convenience. This remarkable home includes five ensuite bedrooms, each guest bathroom adorned with Bisazza mosaic tile, while the master suite boasts luxurious gold leaf Bisazza tile. Entertainment reaches new heights with a cinema room featuring a 120” screen, a 3D anamorphic projector, Bang and Olufsen speakers, and Swarovski Crystal lighting. Additional highlights include an elevator with stainless steel doors and Swarovski lights, Crestron home automation, and a LightTouch custom lighting system. The non-conforming ground level serves as a self-contained living quarters complete with an open living room, additional bedroom, bathroom doubling as a pool bath, gym/den, steam room, laundry, and a fully equipped kitchen. Ideally located just 1000 feet from Vanderbilt Beach, near the world-class Ritz Carlton Resort and various shopping and dining venues, this residence truly has it all. Don't miss your chance to own this incomparable home that seamlessly blends luxury, location, and design.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017