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2995 Terrace Avenue
About This Property
Welcome to an opportunity in the heart of Naples! This rare .51-acre residential lot offers a true blank canvas for your custom home or next investment project in one of Southwest Florida's fastest-growing areas.
Perfectly positioned just off Shadowlawn Drive and Terrace Avenue, and only one block from Davis Boulevard, this property delivers unbeatable convenience and accessibility. Located just 1.5 miles from Downtown Naples' famous 5th Avenue South, you'll enjoy quick access to world-class dining, boutique shopping, entertainment, and the stunning Gulf beaches.
This rapidly evolving neighborhood is seeing significant growth and redevelopment, making it an ideal choice for investors or buyers looking to capitalize on future appreciation. The lot is also near key landmarks and businesses-including a nearby Porsche dealership-and sits just 2 miles from NCH, adding to its desirability and long-term value.
Whether you're looking to build a luxury residence, a seasonal retreat, or an income-producing property, this oversized parcel stands out as a rare find with incredible potential.
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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 |
|---|---|---|---|
| Mar 20, 2026 | Listed by Douglas Elliman Florida,LLC | $638,000 | |
| Listed by Douglas Elliman Florida,LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017