Five blocks to the beach in the heart of Olde Naples, this fully
renovated residence delivers the rare combination of location,
structural integrity, and turnkey modern comfort. Built of concrete
block on both levels and located in the desirable X500 flood zone,
the home has been thoughtfully upgraded for both peace of mind and
everyday luxury. A new 2025 standing-seam aluminum roof, impact
windows and doors, provide storm-ready confidence, while a
southern-exposure fills the interior with natural light. Designed
for effortless living and entertaining, the open floor plan centers
around a chef's kitchen appointed with Wolf and Sub-Zero
appliances, custom cabinetry, and island seating. The great room
flows seamlessly to a private yard retreat featuring a heated
saltwater pool with Pentair automation, new heater and chiller for
year-round enjoyment. The first-floor primary suite offers privacy
and ease, complemented by beautifully updated baths and refined
finishes throughout. Upstairs, a spacious loft and guest suites
open to a balcony overlooking the pool courtyard-ideal for visitors
or multigenerational living. Additional features include a two-car
garage, storage, updated mechanical systems, and close proximity to
5th Ave, 3rd St, the Naples Pier, and Gulf beaches. For buyers
seeking an Olde Naples home that lives meticulously like new-with
modern systems, elevated construction, and true walkability-this
property represents a compelling opportunity in one of Naples' most
desirable neighborhoods.
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.
Four blocks to the beach in Olde Naples, built to a standard most homes in the neighborhood aren't. Concrete block on both levels. X500 flood zone. New 2025 standing-seam aluminum roof, impact windows and doors throughout. In a market now underwriting storm risk before it underwrites finishes, that combination is the difference between insurable and negotiable. 3,772 square feet, fully renovated and turnkey. Southern exposure fills an open plan built around a chef's kitchen with Wolf and Sub-Zero appliances, custom cabinetry, and island seating. The great room opens to a private courtyard with a heated saltwater pool, Pentair automation, and a new heater and chiller.
First-floor primary suite. Upstairs, a loft and guest suites open to a balcony over the pool — well suited to visitors or multigenerational use. Four bedrooms plus den, four baths, two-car garage, updated mechanicals. No HOA, no rental restrictions, 12 leases per year permitted. Walk to 5th Avenue South, Third Street South, the Pier, and the Gulf.
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