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345 Devils Bight
About This Property
Thoughtfully designed to maximize its waterfront location, the home features copious amounts of glass along the rear of the property, filling the interiors with natural light while capturing water views from nearly every room. Open the sliding glass doors and allow the living spaces to flow effortlessly into an expansive outdoor living area featuring both covered and open-air gathering spaces, as well as multiple settings for dining, entertaining, or simply unwinding along the water. The residence offers four bedrooms plus a den, five full bathrooms, including a pool bath, a dedicated home office, and a three-car garage. At the heart of the home, the open-concept kitchen is enhanced by a walk-in pantry, wine cellar, and adjacent dining area, creating a layout that is equally suited for everyday living and hosting family and friends. Located in the heart of Park Shore, the property is just moments from beach access, Waterside Shops, and a variety of dining destinations, placing many of Naples' most desirable amenities within easy reach.
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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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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017