616 106th Avenue N
About This Property
The spacious interior features four generous bedrooms, 2 of which are primary ensuites. Additionally there is a versatile flex space-perfect for accommodating additional guests, a home office, or entertainment area. Outside, the southern facing private pool creates a resort-like atmosphere where travelers can unwind after sun-soaked beach days.
Location defines this investment opportunity. Walk or bike to Vanderbilt Beach's powdery white sands and legendary Gulf sunsets. The prestigious Ritz-Carlton sits moments away, while the vibrant Mercato district offers upscale dining, boutique shopping, and evening entertainment within easy reach.
This property's established rental history speaks volumes-consistently attracting discerning travelers seeking the perfect Naples experience without compromise. Current performance demonstrates the enduring appeal of this premier location, promising continued strong returns for the savvy investor.
Whether serving as your personal Naples retreat with income potential or a pure investment opportunity, this turnkey property delivers the perfect blend of lifestyle and financial performance in one of Florida's most desirable beachfront communities.
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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 |
|---|---|---|---|
| Sep 26, 2025 | Sold | ||
| Sold | |||
| Sep 3, 2025 | In contract | - | |
| In contract | |||
| Aug 26, 2025 | Relisted | $999,999 | |
| Relisted | |||
| Aug 14, 2025 | In contract | - | |
| In contract | |||
| May 25, 2025 | Relisted | $1,249,000 | |
| Relisted | |||
Property Highlights
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About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017