44
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508 Neapolitan Lane
About This Property
The open-concept layout features a spacious Great Room, a custom 5' x 14' kitchen island, and a temperature-controlled wine room. The first-floor Owner's Suite is a private retreat with a spa-like bath showcasing premium finishes and a large custom closet. The Den/Fifth Bedroom provides flexibility for a home office or guest suite. Upstairs, a 22' x 22' bonus room allows for a second family room, media space, or game room, and is complemented by three additional bedrooms and a balcony overlooking the pool and providing amazing sunsets.
Enjoy 601 sq. ft. of covered outdoor living, complete with summer kitchen, island seating, and gas fireplace. The resort-style pool features a sun shelf, spa, fire bowls, and a private outdoor shower. Additional highlights include impact-resistant windows and doors, a generator, and the refined interiors of L Design Studio. This new construction home is complete and ready for immediate occupancy.
Park Shore is one of Naples' premier waterfront communities, known for its private Gulf-front beach access, meandering Venetian Bay, and a mix of luxury homes and condominiums. Residents enjoy close proximity to the Venetian Village for waterfront dining and boutique shopping, Waterside Shops, and the cultural attractions of downtown Naples. Park Shore Beach membership is available, offering one of the most desirable coastal lifestyles in Naples.
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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 23, 2025 | Sold | ||
| Sold | |||
| Oct 1, 2025 | In contract | - | |
| In contract | |||
| Jun 24, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| May 1, 2025 | Price Decreased |
$7,745,000
↓ $250K
(3.1%) | |
| Price Decreased | |||
| Feb 19, 2025 | Price Decreased |
$7,995,000
↓ $504K
(5.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017