An extraordinary Old Naples beachfront estate, this rare offering
encompasses approximately .67 acres with an impressive 169 feet of
pristine Gulf frontage, delivering an unparalleled combination of
privacy, scale, and a prime location just blocks from the
world-class boutiques, galleries, and dining of Fifth Avenue South
and Third Street South. Designed by acclaimed architect Richard
Morris, the art deco–inspired residence was masterfully conceived
to frame sweeping Gulf views and sunsets, showcase fine art and
create a seamless indoor–outdoor living experience that feels grand
and intimate. A dramatic arrival unfolds into a soaring 22-foot
foyer, where a sweeping staircase and private elevator lead to an
elevated art gallery, immediately establishing the home's
architectural presence and refined elegance. The light-filled great
room serves as the heart of the residence, flowing effortlessly
into the dining area, expansive lanai and a sophisticated lounge
highlighted by custom millwork and a wet bar, ideal for
entertaining against a backdrop of endless blue horizons. A
sculptural spiral staircase ascends to a private observation deck,
offering breathtaking panoramic views of the Gulf and unforgettable
sunsets. The generous kitchen suite is designed for effortless
hosting, featuring an open-concept layout with indoor and outdoor
dining counters, a walk-in pantry and high-end stainless-steel
appliances. The primary suite is a secluded beachfront retreat with
direct access to a Gulf-front balcony, pool and lanai, complemented
by a spa-inspired bath with a glass-enclosed walk-in shower and
mesmerizing water views. Just a short distance away, a private
bedroom or den offers flexibility as a refined home office or
serene sanctuary. The east wing of the home hosts four spacious
en-suite bedrooms and a dedicated laundry, while the northeast
bedroom, bathed in exceptional natural light with abundant storage,
lends itself beautifully as an artist's studio or creative space.
Outdoors, an elevated screened courtyard and lushly landscaped
gardens create a tranquil oasis for year-round enjoyment, while the
expansive covered lanai, complete with a kitchenette and dining
area, invites relaxed coastal entertaining. Built with exterior
block construction, a first-floor elevation exceeding 19 feet above
NGVD and electric storm shutters, the home offers exceptional peace
of mind along with enduring quality. Professional landscaping,
architectural lighting, and iconic outdoor sculptures complete this
remarkable setting. Beyond its immediate beauty, the property also
presents an extraordinary future opportunity, with the potential to
create a 10,000–15,000 square-foot custom beachfront estate, making
this a once-in-a-generation offering that blends luxury, lifestyle
and limitless possibility in one of Naples desired beachfront
locations.
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.
Rarely does an opportunity arise that compares to 30 3rd Avenue South in Old Naples with .67 acres and 169 feet of pristine beachfront. Just a few blocks to Fifth Avenue’s popular boutiques and restaurants, this property offers a lifestyle that is perfection. Designed by Richard Morris, this art deco-inspired architectural gem was designed to maximize the stunning water views, showcase fine art, and create a seamless flow of interior and exterior living. A grand entry welcomes you into a soaring 22-foot foyer where a sweeping staircase or personal elevator takes you to the elevated art gallery, setting the stage for the breathtaking interior. The great room, expanding with volume and light, is the heart of the home. It flows seamlessly into the adjacent dining area, lanai, and lounge with custom millwork and a wet bar. A spiral staircase rises to an intimate observation deck with endless ocean views. The spacious kitchen suite offers everything a chef needs for effortless entertaining, featuring an open plan with indoor and outdoor dining counters, a walk-in pantry and high-end stainless-steel appliances. Your primary suite is a private oasis with direct access to the beach-front balcony, and private pool and lanai. The spa-inspired en-suite bath features a glass-enclosed walk-in shower with ocean views. Steps away, a private bedroom/den provides an ideal home office or quiet retreat. The east wing of the residence features four large en-suite bedrooms and a dedicated laundry. The versatile northeast bedroom could double as an ideal artist studio due to its exceptional natural light and storage. Outside, the elevated screened courtyard and gardens create a soothing sanctuary for year-round enjoyment. The expansive covered lanai features a kitchenette and dining area making it a focal point for causal entertaining. Exterior block construction, a first-floor elevation of over 19 feet above sea level, NGVD, and electric storm shutters make this rock-solid home a haven of safety and security. Professional landscaping, lighting and iconic outdoor sculptures complete this exceptional residence. This harmonious blend of luxury, serenity and convenience just blocks from the bustling boutiques, galleries and renowned restaurants of 5th Avenue and Third Street. Make it your new home and be just minutes from everything we love about life in Naples. Future home on this location could easily be 10,000-15,000 square ft of living space... truly a dream residence on the beach!
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