46
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360 16th Avenue NW
About This Property
The existing residence offers 3 bedrooms, 2.5 bathrooms, a Florida room, and an oversized screened-in saltwater pool and spa with a heater perfect for enjoying the Florida lifestyle year-round. The property also features an attached garage plus a detached garage, providing parking and workspace for 4+ vehicles. Whether you need room for recreational vehicles, multiple cars, equipment, a workshop, or a home-based business, the possibilities are extensive.
Recent improvements include new kitchen appliances, refrigerator, and garbage disposal, along with updated attic insulation and AC work completed within the past two years.
One of the property's standout features is its flexibility. The zoning allows for a guest home or additional residential unit, creating potential for a multigenerational living arrangement, additional income, private guest accommodations, or future expansion. With 5 acres and no HOA, there is plenty of room to make the property your own while taking advantage of the opportunities this unique parcel provides.
Located in Golden Gate Estates, you'll enjoy a quiet, spacious setting while still being within convenient reach of Naples shopping, dining, schools, and everyday amenities. Outdoor enthusiasts will appreciate nearby Picayune Strand State Forest, CREW Rookery Swamp, and the developing Big Corkscrew Island Regional Park.
Whether you're looking for a private Naples retreat, additional space for your family, or a property with future development potential, this 5-acre estate offers an exceptional opportunity in one of Naples' most desirable areas.
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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 |
|---|---|---|---|
| Sep 25, 2026 | Price Decreased |
$899,999
↓ $35K
(3.7%) | |
| Price Decreased | |||
| Aug 11, 2026 | Listed by Marzucco Real Estate | $935,000 | |
| Listed by Marzucco Real Estate | |||
| Aug 8, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 27, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 7, 2026 | Price Decreased |
$899,000
↓ $51K
(5.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017