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405 7TH Avenue N
About This Property
A grand entry introduces the home's light-filled interior, where soaring 22-foot ceilings and expansive glass walls create an effortless indoor-outdoor flow. The open-concept design centers around a dramatic great room with a striking feature wall and fireplace, seamlessly connected to a dining area and an elegant chef's kitchen. Outfitted with Wolf and Sub-Zero appliances, an impressive waterfall-edge island, and a spacious walk-in pantry, the kitchen combines beauty and function in perfect harmony.
The first floor features two serene bedroom suites, including a luxurious primary suite with shiplap ceiling detail, a spa-like bath, dual closets, and private access to a sunlit terrace. A dedicated study with sliding barn doors provides an ideal work-from-home retreat. Upstairs, guests are treated to two additional en suite bedrooms, a comfortable loft lounge, and a balcony overlooking the pool.
Outdoors, the home's resort-inspired design continues with a covered lanai, outdoor fireplace, full summer kitchen, and a sparkling pool and spa-an entertainer's dream. Completing the property is a 4 bay garage, ideal for car enthusiasts or extra storage.
Originally crafted as a model residence, this home showcases elevated design elements and thoughtful architectural details throughout-a stunning statement of coastal luxury just two blocks from the beach.
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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%.
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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.
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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 |
|---|---|---|---|
| Nov 18, 2025 | Listed by John R Wood Properties | $6,950,000 | |
| Listed by John R Wood Properties | |||
| Nov 3, 2021 | Sold | ||
| Sold | |||
| Mar 7, 2019 | No longer available | - | |
| No longer available | |||
| Mar 5, 2019 | Sold | ||
| Sold | |||
| Jan 11, 2019 | Listed | $1,795,000 | |
| Listed | |||
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Priced under market value! Completely renovated with light & bright Coastal Style Interior! White quartz counters, gas fireplace & white tile floors are just a few of the many updates in this home. Property sits on an oversized 95' by 135' lot making this ideal for outdoor living. The fenced in backyard also offers and underground heated pool & plenty of lounge area to soak up the Naples sun. Located only blocks our pristine sand beaches & Naples Pier where you can witness the most spectacular sunsets over the Gulf of Mexico. The Naples Beach Resort and Spa, 5th Avenue, & 3rd Street are only a short stroll away where you can enjoy live music, shopping, & the best fine dining. This opportunity to move right in & start enjoying Downtown Naples will not last long! The manager has listed the unit size as 1878 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017