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33 Palermo Walk
About This Property
Cape Cod occupies an oversized corner lot just moments from picturesque Naples
Canals and gorgeous Alamitos Bay. Timeless architecture, unparalleled craftsmanship,
refined finishes, and an effortless connection between indoor and outdoor spaces
create a residence of warmth, sophistication, and understated coastal luxury.
Soaring vaulted ceilings, rich hardwood floors, custom millwork, and abundant natural
light define the interiors. At the heart of the home, an impressive Great Room brings
together the living room, with inviting fireplace, custom built-ins, under stair wine cellar,
and dining room with sliding door access to the lushly landscaped front garden, with a
well-designed chef's kitchen featuring a stunning Carrera marble island, luxury
appliances, and generous storage creating an elegant yet inviting setting for both
intimate gatherings and grand-scale entertaining.
French doors open to a secluded courtyard that feels like a private coastal retreat
offering sunset views & cool bay breezes anchored by a dramatic brick fireplace and
complemented by a built-in BBQ and multiple spaces for alfresco dining and
entertaining.
Upstairs, the primary suite is a secluded sanctuary with vaulted ceilings, a serene
fireplace, generous walk-in closet, and spa-inspired bath with soaking tub and glass
enclosed shower. Two additional ensuite bedrooms offer exquisitely appointed
accommodations, while a versatile office or lounge space opens to a private balcony
with charming peek-a-boo views toward the canals.
Set within one of Naples Island's most sought-after enclaves, the home is moments
from the waterfront, yacht clubs, beaches, Alamitos Bay, and the celebrated dining and
boutiques of Second Street. A rare opportunity to own a distinctive coastal residence in
an extraordinary location.
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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%.
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 12, 2026 | Listed by Fiv Realty Co | $3,465,000 | |
| Listed by Fiv Realty Co | |||
| Apr 14, 2022 | No longer available | - | |
| No longer available | |||
| Mar 16, 2022 | In contract | - | |
| In contract | |||
| Feb 15, 2022 | Listed by First Team Real Estate | $3,249,000 | |
| Listed by First Team Real Estate | |||
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Completely rebuilt by elite builder Craig Pettigrew, this stunning 3 bed 4 bath Coastal Contemporary Cape Cod situated one off water on an oversized corner lot radiates casual elegance & quality throughout an amazingly private & light-filled floor plan. Alluring curb appeal welcomes you to a lushly landscaped gated courtyard, charming porch & handsome front door opening onto a spectacular living room highlighted by gorgeous vaulted ceilings, an abundance of windows & sumptuous wood floors. The adjacent Great Room features a warm & inviting family room with focal point fireplace flanked by beautiful built-ins & wine storage; a formal dining area with custom shelving and sliding door access to the courtyard, & a fabulous Chef’s kitchen oriented around an impressive island, sublime marble & travertine counters, subway tile backsplash and ample custom cabinetry. Dine Al Fresco on the enchanting back terrace featuring a magnificent brick fireplace, outdoor BBQ & plenty of room to entertain year round! The upper level features a serene primary retreat with cozy fireplace, vaulted bead board ceiling, walk in closet & spa-like bath upgraded with fine fixtures & finishes, a glass enclosed shower & divine soaking tub, while two additional bedrooms, each en suite with their own full bath, sit alongside a landing den/office space with balcony to complete this residence of unparalleled quality & craftsmanship. Perfectly located between romantic Naples Canal and picturesque Alamitos Bay, & just a short distance to unique dining, world class shopping & hip nightlife enjoy all this coveted sun-kissed community has to offer. VIRTUAL TOUR COMING SOON.... The manager has listed the unit size as 2980 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017