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Naples 34102 Port Royal
3940 RUM ROW
$6,300,000
● Land - Off Market

3940 RUM ROW

Naples, FL 34102
bedrooms
Studio
bathrooms
0 Bath
$15,346,908
RealtyHop Estimate
120.82%
Since May 1, 2011
National-US
Primary Model

About This Property

The best lot + one-half building site available in Port Royal.  Outstanding wide water westerly views of Man of War Cove.  This site has no equal!  Truly a rare opportunity to build your dream home.
Unit Size
-
Days on Market
62 days
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$2,629
HOA Dues
$33
Year Built
2013

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 6 months ago ( #211006189)

Price History

Date / Event Date Event Price
Apr 20, 2011 Sold
Premium
Sold
Feb 11, 2011 Listed by Gulf Coast International Prop $6,950,000
Listed by Gulf Coast International Prop
Dec 8, 2010 Sold
Premium
Sold

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 66
  • Parking Space Count: 0
  • Patio Type: 74
  • Porch Type: 0
  • Pool Type: 8
  • Location Influence Type: 164

    Dimensions

  • Lot Size Square Feet: 34,412
  • Lot Size Depth Feet: 2,340
  • Lot Size Frontage Feet: 1,460
  • Total Building Area: 6,107
  • Gross Building Area: 6,107
  • Building Area: 6,107
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 6,107
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PORT ROYAL/RUM ROW
  • Land Acres: 0000000790
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • State Land Use Code: 01
  • Legal Description 1: RUM ROW SECT PORT ROYAL LOT 51 + N1/2 OF LOT 50 OR 1265 PG 830

Neighborhood

  • School District Name: Collier County School District
  • Census Tract: 000500

Zoning

  • Zoning: NAPLES

Geography

  • Assessors Map Reference: 5A22
  • Subdivision Tract Number: 121600
  • Parcel: 17411680002
  • Lot: 51
  • Meridian: SEC 22 TWN 50 RNG 25
  • Municipality: CITY OF NAPLES
  • Latitude: 26.1022
  • Longitude: -81.7932

    Address

  • Full Address: 3940 Rum Row
  • Address - House Number: 3940
  • Address - Street Name: Rum
  • Address - Suffix Type: Row
  • State: FL
  • City Name: Naples
  • Carrier Code: C071
  • 4-Digit Zip Code: 7864
  • Zip Code: 34102

Valuation

    Tax

  • Total Area: 9,772
  • Tax Year: 2022
  • Tax Amount: $14,134,269
  • Tax Rate Code Area: 4

    Market Valuation

  • Market Total Value: $20,682,962
  • Market Land Value: $12,806,640
  • Market Improvement Value: $7,876,322

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $14,452,090

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 15, 2011
  • Current Sale Recording Date: Apr 20, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4551554
  • Previous Sale Recording Date: Dec 08, 2010
  • Previous Sale Contract Date: Nov 30, 2010
  • Previous Sale Amount: $5,275,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Naples

Stats & Trends

Median Asking:

$1,899,000

Sale Price/ft²

$989

Below Asking

0.04%

Average Days on Market

117

Average Home Size

2670 ft²

Average Home Age

32.7 years

Currently For Sale

676 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1747 Sandpiper Street, Naples, FL, 34102

$10,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
1747 Sandpiper Street #B, Naples, FL, 34102 Listing by Daryl Fiene
Unit for rent at 3005 Coco Avenue, Naples, FL, 34112

$6,850 /mo

  • 3 Beds
  • 2 Baths
  • 2,324 ft²
3005 Coco Avenue, Naples, FL, 34112 Listing by Sofia Buhaescu
Unit for rent at 91 Georgetown Boulevard, Naples, FL, 34112

$6,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,450 ft²
91 Georgetown Boulevard #91, Naples, FL, 34112 Listing by Daryl Fiene

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 3940 Rum Row built and last sold?
The property at 3940 Rum Row was built in 2013 and last sold on Apr 15, 2011 for $6,300,000.
How much is this home worth?
The estimated value of the home located at 3940 Rum Row is $0.
What are some comparable homes to 3940 Rum Row?
There are currently no comparable homes to 3940 Rum Row.
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