5900 Cope Lane
About This Property
Discover 3.9+ acres of prime, private land just minutes from everything. This exceptional offering includes two parcels-5900 Cope Lane (2.35 acres) and the adjacent 1.54-acre property (PID: 4)-creating an expansive estate-sized canvas for your dream home.
The existing home, fully renovated, is ideal as a guest house or a comfortable residence while you build. Recent upgrades include impact windows, wood plank and porcelain tile flooring, hardwood cabinetry in the kitchen and laundry room, modern lighting and plumbing fixtures, new air ducts and vents, a tankless water heater, and fresh exterior paint.
Additional enhancements include:
Whole-home reverse osmosis system (2024)
Salt Water Pool - All-new pool equipment-filter and pump (Feb 2025)
Complete plumbing repipe (Dec 2024)
Metal roof (2017) topped with solar panels array
This is a unique chance to secure a large piece of land in one of Naples' most desirable and convenient locations. Whether you're dreaming of a multi-home compound, private retreat, or luxury estate, the groundwork has already been beautifully laid. Custom home plans are available.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 19, 2025 | Sold | ||
| Sold | |||
| Nov 18, 2025 | In contract | - | |
| In contract | |||
| Nov 8, 2025 | Price Decreased |
$1,390,000
↓ $140K
(9.2%) | |
| Price Decreased | |||
| Oct 25, 2025 | Price Decreased |
$1,530,000
↓ $10K
(0.7%) | |
| Price Decreased | |||
| Sep 3, 2025 | Price Decreased |
$1,540,000
↓ $10K
(0.7%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About South Naples
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$5,000 /mo
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$4,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017