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2969 Coco Lakes Drive
About This Property
Offering 3,720 square feet under air and 4,815 total square feet, this home plan features five spacious en-suite bedrooms, five full baths, a private office, with one of the bedrooms being a versatile, detached cabana/flex suite - ideal for guests, extended family, an au pair, media room, or fitness studio. A dramatic great room with soaring ceilings flows seamlessly into the dining area and designer chef's kitchen featuring an oversized island, custom cabinetry, premium appliances, a gas cooktop and wood floors throughout. Expansive 10-foot zero-corner pocket sliding glass doors open to an exceptional outdoor living area complete with a covered lanai, summer kitchen with built-in grill, refrigerator, bar sink, and a custom saltwater pool and spa with sun shelf-creating the perfect setting for year-round entertaining. The estate home will be built to the latest FEMA standards, including impact-resistant windows and doors, a buried 500-gallon propane tank, generator-ready infrastructure, and a three-car garage.
Included are premium DIVCO custom plans ready to build or you can customize to your personal vision, presenting a rare opportunity to create a one-of-a-kind luxury residence in one of Naples' most sought-after gated neighborhoods on a premium cul-de-sac lot. One or more photos have been virtually staged, AI-generated, or are artist renderings.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 1, 2026 | Listed by Compass Florida LLC | $3,350,000 | |
| Listed by Compass Florida LLC | |||
| Jun 26, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 30, 2026 | Listed by Compass Florida LLC | $999,095 | |
| Listed by Compass Florida LLC | |||
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Nestled within the beautiful, gated enclave of Montebello, this exceptional estate Lot 59 at 2969 Coco Lakes Drive presents a rare opportunity to create your dream home in one of Naples’ most desirable locations. Perfectly positioned a few minutes north of the Estuary and west of Grey Oaks, this neighborhood offers an ideal setting within the Naples High School district while placing you just 5–7 miles from the very best of Naples living—including the white sands of Lowdermilk Park Beach, the renowned dining and shopping of 5th Avenue South, and the upscale destinations of Waterside Shops and Mercato. A coveted .25-acre cul-de-sac homesite, Lot 59 offers a blend of privacy and convenience, complete with a full set of premium DIVCO custom home plans— A custom just under 4000 sq ft, 5-bedroom, 5 bath Pool Home ready to build or thoughtfully customized to reflect your vision and lifestyle. DIVCO, a premier home builder in Naples and Southwest Florida, is the preferred builder for the estate lots in Montebello. An exceptional opportunity to build a custom residence in a prime central Naples location with Royal Poinciana Golf Club as one of your abutting neighbors. One or more photo(s) has been virtually staged, AI generated or rendered.
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| Jun 7, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017