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47 River Court
About This Property
The light-filled interior has been thoughtfully refreshed with a clean, contemporary style and an easy-flowing floor plan. Expansive windows and sliding glass doors showcase the water and create an effortless transition between the indoor living areas and the spacious outdoor setting. With multiple areas for gathering, dining, and unwinding, the home is equally suited for everyday living, a seasonal Naples getaway, or entertaining family and friends.
Boaters will appreciate the convenience of reaching open water directly from the property, while investors will recognize the added appeal of having no rental restrictions. The flexibility for short-term rentals creates an exciting opportunity to generate income when the home is not being personally enjoyed.
Ideally located near Naples' renowned beaches, restaurants, shopping, and entertainment, this property delivers a sought-after combination of boating access, updated living spaces, and investment flexibility. Whether envisioned as a primary residence, vacation retreat, or income-producing property, this waterfront home presents an exceptional opportunity to experience everything Southwest Florida has to offer.
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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 |
|---|---|---|---|
| Sep 22, 2026 | Price Decreased |
$525,000
↓ $14K
(2.6%) | |
| Price Decreased | |||
| Aug 31, 2026 | Listed by Coldwell Banker Realty | $539,000 | |
| Listed by Coldwell Banker Realty | |||
| Aug 17, 2026 | No longer available | - | |
| No longer available | |||
| Jul 20, 2026 | Price Decreased |
$569,000
↓ $30K
(5%) | |
| Price Decreased | |||
| Jul 1, 2026 | Price Decreased |
$599,000
↓ $21K
(3.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017