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3695 Gordon Drive
About This Property
The property features an expansive, unique lot that provides the perfect canvas for a custom architectural masterpiece. As an incredible added value, the site includes a charming, fully livable "bonus" house-ideal for a buyer to reside in comfortably or generate rental income while finalizing plans for their dream estate.
The location is truly unbeatable for those who love to explore by land or sea. Boaters will appreciate being just a 10-minute cruise from both Gordon Pass and the vibrant Naples Bay. If you prefer to travel by car, you're a mere 5-minute drive from the world-class dining and high-end boutiques of 3rd Street South and 5th Avenue South.
From coffee on the deck watching dolphins play and ospreys hunt in the morning light to winding down with Naples' legendary golden sunsets, the views here are constant and captivating. Don't miss your chance to claim this exceptional slice of paradise.
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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 |
|---|---|---|---|
| Jun 30, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Listed by Compass Florida LLC | $14,900,000 | |
| Listed by Compass Florida LLC | |||
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About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017