Steps from the shimmering Gulf waters, pristine white-sand beaches,
and the vibrant charm of 5th Avenue South and 3rd Street South, 264
8th Avenue South offers the ultimate Olde Naples lifestyle-where
prime location, refined luxury, and effortless living converge.
Designed by Beck Architectural Group, this stunning home sits on a
premium southern-exposure lot in the heart of Olde Naples. The
thoughtfully designed floor plan prioritizes main-level living,
featuring an expansive great room, a chef's kitchen, a luxurious
primary suite, and a versatile private flex bedroom-ideal for
guests, a home office, or a wellness space. Seamless indoor-outdoor
flow leads to a private backyard retreat designed for year-round
enjoyment. The covered outdoor living area is outfitted with a
gourmet kitchen featuring a Lynx grill, refrigerated drawers, and a
prep sink, along with a living space anchored by a feature wall
with a television and gas fireplace. Beyond, the sun-drenched,
fenced backyard is maximized with a large saltwater pool with a sun
shelf, water features, and an integrated spa, all surrounded by
ample deck space for lounging, low-maintenance turf for pets, and
an outdoor shower. The designer kitchen by Design West is a true
showpiece, appointed with custom cabinetry and top-of-the-line
appliances, including a Wolf induction cooktop and oven; Sub-Zero
refrigeration with wine storage and auxiliary beverage drawers; a
Cove dishwasher; and Cristallo quartzite countertops. The adjacent
butler's pantry enhances functionality with additional prep space,
a Wolf six-burner gas range, Wolf microwave, Asko dishwasher, and a
generous walk-in pantry-perfectly tucked away for effortless
entertaining. The main-level primary suite is a private sanctuary,
featuring a vaulted ceiling, tranquil backyard views, and a
spa-inspired bath with dual vanities, separate water closets, a
soaking tub, a walk-in shower, and an oversized custom closet.
Upstairs, three spacious bedrooms each offer en suite baths,
complemented by a shared media room with a breakfast bar and
private deck-an ideal vantage point for breathtaking western
sunsets and seasonal fireworks. Throughout the home, rich hardwood
flooring, custom retractable privacy shades, and refined
architectural details-including 11-inch baseboards-create a
sophisticated and cohesive aesthetic. Additional features include
dual laundry rooms; a three-car garage with rear alley access and
sufficient height to accommodate lifts in two bays; natural gas; a
whole-house generator; water filtration and humidification systems;
a private elevator; Lutron lighting; surround sound; and full home
automation. The property is also situated on the same power grid as
a nearby fire station, offering added peace of mind. This
exceptional residence perfectly blends Olde Naples elegance with
modern luxury-ideal for those seeking the very best in coastal
living, location, and sophisticated design.
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.
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