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4045 12th Avenue SE
About This Property
Rare opportunity to own a 100% upland, fully buildable 2.5-acre parcel in a highly desirable Naple's location.
The sellers originally purchased this property with plans to build but have since decided to purchase a larger 5-acre parcel instead due to size of the house. Property is priced with the goal of recovering their investment. A portion of the property has already been cleared for a future homesite, potentially saving the new owner significant time and expense associated with clearing and preparing heavily wooded land for construction.
The property features mature trees and is situated on a quiet street, offering privacy and plenty of space to build your custom home.
100% upland acreage with an already-cleared homesite is becoming increasingly difficult to find. If you're looking for a beautiful, buildable 2.5-acre and less site preparation to tackle, this is an excellent opportunity.
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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 |
|---|---|---|---|
| Oct 5, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Aug 18, 2026 | Relisted | $199,000 | |
| Relisted | |||
| Jul 15, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jun 29, 2026 | Listed by London Foster Realty | $199,000 | |
| Listed by London Foster Realty | |||
| Mar 20, 2026 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017