An exceptional expression of contemporary waterfront architecture,
this newly built canal-front residence embodies European refinement
in Naples' vibrant Bayshore Arts District. With boating access to
the Gulf and proximity to Fifth Avenue South and historic Third
Street South, the home offers a distinguished setting for enjoying
Naples' celebrated dining, boutiques and galleries. Soaring
ceilings, luminous interiors and sculptural designer lighting
establish an atmosphere of architectural sophistication. Imported
Italian furnishings bring elegance and individuality to the living
spaces, while an expansive granite waterfall island creates a
striking centerpiece in the kitchen. The dining area opens directly
to the lanai, creating a seamless connection between the interiors
and alfresco entertaining. The four-bedroom residence includes
three full baths and a powder room. Privately situated on the first
floor, the primary suite enjoys direct lanai access, a custom
walk-in closet and an exquisitely appointed bath with a soaking tub
and expansive glass-enclosed shower. Upstairs, three additional
bedrooms, a generous loft and private balconies provide
sophisticated guest accommodations, including an ensuite bedroom
with a spacious covered balcony. Impact glass, remote-controlled
shades and a two-car garage complete the residence, which is
offered with no HOA fees. Along the waterfront, the pool, lanai and
lawn extend toward the canal, composing an elegant outdoor retreat
for intimate gatherings, leisurely afternoons and tranquil evenings
overlooking the water.
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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