Set on a highly desirable corner lot in the highly desired 500
block of Naples Park, this coastal property presents an exceptional
opportunity to own in one of Naples' most sought-after
neighborhoods. Elevated approximately 14 feet above sea level and
located outside the flood zone, the home has remained free of
hurricane damage, offering a rare combination of peace of mind and
premier location. Surrounded by a community experiencing ongoing
luxury redevelopment, the property is ideal for those seeking a
move-in option with future potential or a canvas for customization.
A metal roof installed in 2015 adds long-term value and durability,
while the professionally landscaped grounds and paver patio create
a private outdoor retreat enhanced by an automatic aquifer-fed
irrigation system. Just one block west, enjoy direct access to
Vanderbilt Lagoon and the turquoise waters of the Gulf of Mexico.
Vanderbilt Beach's white sand shoreline is moments away, perfect
for sun-soaked afternoons, waterfront dining, and unforgettable
sunset strolls. Naples Park residents benefit from eligibility for
a complimentary annual beach parking pass, extending easy access to
beaches throughout Naples and Collier County. Ideally located near
Mercato's upscale shopping, dining, nightlife, and entertainment,
as well as Whole Foods, Trader Joe's, Publix, and everyday
conveniences, this property offers an unparalleled coastal
lifestyle. With strong neighborhood pride and increasing demand for
this location, the home represents a compelling opportunity to
secure a foothold in one of Naples' most vibrant coastal
communities.
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.
This property has been free of any hurricane damage since the owner purchased in 2010.
Property is approximately 14 feet above sea level, not in the flood zone of Naples Park. Highly sought after corner lot in the desirable 500 Block of Naples Park. Well maintained 3/2 plus den/ office with formal living room. Kitchen boasts generous cabinet space, stainless appliances, and large granite L-shaped counter leading to Dining/Family great room. Just off your den/office is the paver patio and professionally landscaped yard with auto aquifer-fed irrigation system and a variety of colorful blooming plants. This landscape offers year-round color, birds, and butterflies to relax by. Metal roof replaced in
2015. One block west is the Vanderbilt Lagoon and the Gulf of America beyond. Enjoy fun in the sun days at the white, sandy Vanderbilt Beach or take walks up the street to enjoy our spectacular sunsets. Collier residents, with proof of registration and residency, are entitled to obtain a Free annual beach parking sticker good throughout Naples and County beaches. Naples Park enjoys a lot of pride, as properties are being upgraded or rebuilt. Nearby Mercardo features retail, dining, and Whole Foods with Trader Joe's, Publix and Walmart to the North
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