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3400 Okeechobee Street
About This Property
Enjoy boating, fishing, and sunset views right from your backyard, all while staying minutes from Naples' world-class dining, shopping, and beaches. Whether you're envisioning a custom estate or a smart investment, this rare combination of space, water access, and proximity to downtown is nearly impossible to replicate at this price point.
Incredible value for waterfront land this close to 5th Ave this won't last long. Bring your builder and your vision!
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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 |
|---|---|---|---|
| Oct 15, 2026 | Relisted | $595,000 | |
| Relisted | |||
| Oct 7, 2026 | In contract | - | |
| In contract | |||
| Sep 18, 2026 | Price Decreased |
$595,000
↓ $35K
(5.5%) | |
| Price Decreased | |||
| Jul 30, 2026 | Listed by John R Wood Properties | $629,500 | |
| Listed by John R Wood Properties | |||
Property Highlights
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About East Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017