505 Orchid Drive
About This Property
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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 17, 2024 | No longer available | - | |
| No longer available | |||
| Aug 30, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Nov 22, 2023 | Listed by Premier Sotheby's Int'l Realty | $2,975,000 | |
| Listed by Premier Sotheby's Int'l Realty | |||
| Nov 16, 2023 | No longer available | - | |
| No longer available | |||
| Sep 28, 2023 | Listed by Compass | $3,450,000 | |
| Listed by Compass | |||
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START BUILDING TOMORROW! Don't miss this unparalleled opportunity in Olde Naples-Coquina Sands. Skip the wait for architects, engineers, builders, and permits. Renowned HLevel Architects & BUILD Construction present a remarkable 4601 sqft (7021 sqft total) permitted residence. This 4BR+Office, 4.5BA home is designed for your ultimate comfort and convenience. Enjoy the oversized 52 ft. lap pool, outdoor sauna, concealed a/c vent and 4-car garage. The list price includes the desirable estate-sized lot with almost 100 feet of road frontage and 160 feet of depth. Start building immediately and move in next season at a fraction of current market rates. Full permit & plans available for review. Seize this extraordinary opportunity to create your dream home in this sought-after neighborhood. Enjoy the proximity to the pristine beaches, world-class dining, shopping, and entertainment options that Naples has to offer. Indulge in the vibrant cultural scene and take advantage of the nearby parks, golf courses, and marinas. This is your chance to live the coveted Naples lifestyle in a home tailored to your exact specifications. Act now and let your vision become a reality!
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About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017