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Map
5040 CHERRY WOOD Drive
About This Property
Surrounded by mature trees and natural landscape, this property offers a peaceful, preserve-like setting with room for a custom luxury residence, guest house, detached garage, workshop, RVs, boats, and more. Ideal for custom home builders, investors, or buyers familiar with Naples acreage properties and estate-style development.
Environmental and development-related work has already been initiated by the current owner, with reports and preliminary information available upon request. The property has previously received approvals from both the U.S. Department of the Army (Federal) and the Florida Department of Environmental Protection (FDEP) for the development of a single-family residence. Additional environmental permitting and development review may be required depending on the buyer's intended use.
Large acreage parcels in Logan Woods are increasingly rare, making this an exceptional opportunity to secure land in one of Naples' most sought-after acreage communities. Serious inquiries encouraged - existing due diligence materials available to qualified buyers.
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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 15, 2026 | Sold | ||
| Sold | |||
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| Apr 10, 2026 | Price Decreased |
$690,000
↓ $60K
(8%) | |
| Price Decreased | |||
| Feb 20, 2026 | Listed by Downing Frye Realty Inc. | $750,000 | |
| Listed by Downing Frye Realty Inc. | |||
| Apr 20, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017