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506 Neapolitan Lane
About This Property
An inviting front porch welcomes you before entering an open, light-filled floor plan anchored by a stunning gourmet kitchen featuring a 48" range, 60" refrigerator, and a generous island made for gathering. A fully appointed Butler's Kitchen - complete with dishwasher, ice maker, and wine storage - ensures entertaining is effortless at any scale. The living room sets the tone with a 60" gas fireplace and two sets of pocketing sliding glass doors that open to the courtyard style pool/spa. A second floor family room offers the perfect retreat for younger residents or guests and also has sliding glass doors that open to a large covered outdoor living space.
The master suite is a true sanctuary. Wake each morning and slide open the zero-corner sliders to reveal an unobstructed view of your negative-edge pool providing an effortless connection between indoor comfort and outdoor paradise. Outside, 434 square feet of covered living space delivers a fully outfitted outdoor kitchen with a 42" gas grill, refrigerator, alongside a gas fireplace, fire pit with built-in seating, and elegant glass pool railing, and roll-down shutters and screens.
Additional features reflect the meticulous attention to detail throughout: a whole-home generator, 1,000-gallon propane gas tank, private elevator connecting the garage to both living floors, 2nd floor stacked washer/dryer in addition to the large first floor laundry that is connected to the huge master closet.
Park Shore places you right in the middle of everything Naples has to offer. From world-renowned shopping and dining at Waterside Shops and Venetian Village, private beach access exclusively for residents and the white sands of Naples' top-rated beaches just minutes away. This is Naples luxury living without compromise.
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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 |
|---|---|---|---|
| May 16, 2026 | Price Decreased |
$8,000,000
↓ $500K
(5.9%) | |
| Price Decreased | |||
| Dec 9, 2025 | Price Decreased |
$8,500,000
↓ $245K
(2.8%) | |
| Price Decreased | |||
| Aug 29, 2025 | Listed by Compass Florida LLC | $8,745,000 | |
| Listed by Compass Florida LLC | |||
| Jul 28, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| May 1, 2025 | Price Decreased |
$8,745,000
↓ $250K
(2.8%) | |
| Price Decreased | |||
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About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017