545 104th Avenue N
About This Property
Nestled in the coveted 500 block of Naples Park, this impeccably reimagined Coastal Contemporary masterpiece offers a harmonious blend of luxurious living and exceptional income potential. Crafted with only the finest materials, finishes, and an unparalleled commitment to detail, this residence is a standout in today's market.
From the moment you step inside, you'll be captivated by the seamless flow of its open-concept design, accentuated by elegant tile plank flooring that stretches from front to back. The heart of the home, a chef's gourmet kitchen, is a true showstopper. Outfitted with custom-designed, all-wood KraftMaid cabinetry featuring dovetail drawers and soft-close hardware by EMTEK, it boasts a striking Pompeii Avorio quartz waterfall island, under-cabinet lighting, and brand-new, top-of-the-line appliances-perfect for hosting memorable gatherings.
Vaulted ceilings and solid 8-foot doors throughout amplify the home's airy sophistication, while energy-efficient LED lighting enhances every space. The living area effortlessly extends to a screened, covered lanai, opening onto a brand-new stone paver deck surrounding a sparkling pool and spa. With LED-lit water features and ample room for a fully fenced yard, this outdoor oasis caters to both relaxation and recreation.
Meticulous landscaping envelops the property, creating a lush, private retreat. Beyond the home's serene boundaries, you'll find Vanderbilt Beach, upscale shopping, fine dining, and vibrant entertainment just moments away.
Whether you're dreaming of the ultimate Florida lifestyle or seeking a lucrative investment opportunity, this home delivers on all fronts. Currently generating six-figure rental income with a full management team in place, it offers a turnkey solution for savvy investors.
Don't miss your chance to own this slice of paradise-where luxury living meets unbeatable returns.
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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 |
|---|---|---|---|
| Feb 13, 2025 | Sold | ||
| Sold | |||
| Jan 11, 2025 | In contract | - | |
| In contract | |||
| Dec 5, 2024 | Price Decreased |
$1,195,000
↓ $130K
(9.8%) | |
| Price Decreased | |||
| Nov 12, 2024 | Listed by William Raveis Real Estate | $1,325,000 | |
| Listed by William Raveis Real Estate | |||
| Dec 1, 2020 | Sold | ||
| Sold | |||
Property Highlights
Building Info
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About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017