On a desired, tree-lined street in the heart of Old Naples, this
exceptional residence offers refined coastal luxury just moments
from pristine Gulf beaches and acclaimed dining, shopping and
entertainment of Fifth Avenue South. Within The Gables on Sixth
Street, an exclusive enclave of only seven residences designed by
Harrell & Associates, the home combines privacy, sophistication and
an unrivaled location. A gated rear entrance leads to an
air-conditioned three-car garage complete with a vehicle lift and
custom built-in storage. Spanning more than 4,300 square feet of
beautifully designed living space, the light-filled interior
showcases rich hardwood and stone flooring, elegant architectural
details and a seamless open-concept floor plan. The redesigned
chef's kitchen serves as the heart of the home, featuring premium
appliances, custom cabinetry, an oversized island ideal for
entertaining and a climate-controlled wine room with capacity for
more than 450 bottles. Designed to embrace the Naples lifestyle,
expansive walls of glass connect the great room to a stunning
outdoor living area. The covered lanai, highlighted by striking
glass floor panels suspended above the pool and spa, creates a
dramatic architectural focal point. A fully equipped summer
kitchen, gas fireplace and retractable screens provide the ideal
setting for year-round entertaining and relaxation. The second
floor offers three generously sized en-suite guest bedrooms, while
the luxurious primary suite serves as a private retreat complete
with a serene balcony and spa-inspired bath featuring exceptional
finishes and thoughtful design. Blending timeless elegance, modern
comfort and extraordinary convenient location, this residence
represents a rare opportunity to enjoy a luxurious coastal
lifestyle and best of Old Naples living.
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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