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517 Devils Lane
About This Property
This exceptional home site offers a front-row seat to one of Park Shore's most serene natural settings. From soaring bald eagles to graceful blue herons, the landscape is alive with native wildlife, creating a peaceful, ever-changing backdrop rarely found in such a central Naples location. Just minutes from Park Shore's desirable residents' beach, as well as the boutiques and dining at Venetian Village, Waterside and other accessible shopping districts, including the new Publix coming to Neapolitan Way Shopping Center.
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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 10, 2026 | Sold | ||
| Sold | |||
| Jul 21, 2026 | In contract | - | |
| In contract | |||
| Feb 9, 2026 | Listed by Premier Sotheby's Int'l Realty | $2,595,000 | |
| Listed by Premier Sotheby's Int'l Realty | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Mar 10, 2025 | Listed by Premier Sotheby's Int'l Realty | $2,799,999 | |
| Listed by Premier Sotheby's Int'l Realty | |||
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Discover the epitome of coastal luxury living in this charming home in the prestigious Park Shore community of Naples. Just a leisurely visit from the pristine sandy beaches, this property offers tranquility and access to the vibrant Gulf Coast lifestyle. With its stunning water views, this home presents an exceptional canvas for renovation or redevelopment, allowing you to create your dream sanctuary tailored to your unique vision. Surrounded by lush landscapes and in a beautiful, walkable neighborhood, you will enjoy the peace and serenity that comes with life by the water. In addition to its breathtaking scenery, this home is conveniently near the upscale shops and dining options of Venetian Village, ensuring fine dining and boutique shopping are just moments away. Embrace the opportunity to transform this charming residence into your private oasis in one of Naples sought-after areas. Don’t miss your chance to own a piece of paradise in Park Shore!
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Property Highlights
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About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017