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Map
3720 Gail Boulevard
About This Property
The setting is quiet and private, making it an excellent fit for a small, exclusive estate community or for buyers looking to build expansive compounds with both lifestyle and functional space. Existing improvements include a 1980 A. Vernon Allen–built home, along with a tennis house and court positioned around a pond and footbridge. These structures can remain or be removed depending on the desired direction of the project.
With its size, zoning, and prime location, the property is straightforward to plan and develop - whether the vision is five premium homesites, two signature estates, or another low-density concept. Higher-density possibilities also exist under current zoning, offering added flexibility for future strategies.
A true acreage rarity in Naples, offering multiple clear paths for value creation - practical, flexible, and ready for its next chapter.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 27, 2026 | Sold | ||
| Sold | |||
| Jul 16, 2026 | In contract | - | |
| In contract | |||
| Mar 24, 2026 | Price Decreased |
$6,495,000
↓ $1M
(13.3%) | |
| Price Decreased | |||
| Nov 7, 2025 | Listed by Waterfront Realty Group Inc | $7,495,000 | |
| Listed by Waterfront Realty Group Inc | |||
| Aug 5, 2025 | No longer available | - | |
| No longer available | |||
Property Highlights
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Price/ft²
Listed On
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About East Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017