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610 West Street
About This Property
The generous dimensions of the lot provide remarkable flexibility for designing an expansive single-level estate or architecturally significant compound with thoughtfully integrated indoor and outdoor living spaces. Imagine a resort-inspired outdoor environment complete with a custom pool and spa, covered lounge areas, summer kitchen, fire features, and beautifully landscaped gardens designed to capture tranquil morning light across the rear of the property. Eastern exposure creates an inviting backdrop for sunrise views and comfortable year-round outdoor living. Ideally positioned just moments from Naples' renowned white-sand beaches, Waterside Shops, Mercato, and the celebrated dining and cultural destinations of Fifth Avenue South, this location seamlessly balances privacy with convenience. Pine Ridge is celebrated for its oversized parcels, estate-style residences, and central Naples location, making it one of the area's most coveted addresses for luxury redevelopment opportunities. Whether envisioning a contemporary coastal retreat or a timeless architectural estate, 610 West Street offers a rare chance to build an extraordinary residence in a premier Naples setting. Experience the unparalleled lifestyle, space, and prestige that define luxury living in Pine Ridge Estates.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017