655 7TH Avenue N
About This Property
Enter this 4 Bedroom plus den/4.5 Bathroom newer construction house into a welcoming foyer opening to an expansive open-concept living floor. Spacious living room with wall of glass opening out to private rear yard seamlessly blending indoor/outdoor living. Lovely dining room complete with wet bar is ideal for entertaining. True chef's eat-in kitchen replete with Thermador appliances including 6-burner gas range, white shaker cabinetry and oversized quartz island. Master suite oasis overlooks private back yard, dual walk-in closets with custom built-ins and a spa-like bath with oversized walk-in shower, freestanding soaking tub, separate vanities and separate water closet. Guest suite with en-suite bathroom plus access to outdoor living space. Convenient first floor office ideal for today's work from home lifestyle plus full-sized laundry room and powder room.
Ascend to the second floor to a light and airy loft-like sitting room with beverage center ideal for visiting guests. Two additional guest suites each with en-suite bath and walk-in closets complete this floor.
Outdoor living space is truly a private sanctuary with a gorgeous pool and spa, sundeck, covered screened-in living/dining room with custom built-in outdoor kitchen ideal for year-round entertaining. Grassy area perfect for dog lovers and play.
3-car attached garage with epoxy floor. Easy walk to the gorgeous beach at the end of block and an easy walk, bike or golf cart ride to downtown Naples' 5th Avenue South and 3rd Street South renowned worldwide for its fine dining and shopping. Easy access to Naples and Fort Myers airport. Come enjoy the Naples lifestyle at this lovely in-town home.
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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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 5, 2025 | In contract | - | |
| In contract | |||
| Jun 15, 2025 | Price Decreased |
$5,750,000
↓ $245K
(4.1%) | |
| Price Decreased | |||
| May 7, 2025 | Listed by John R Wood Properties | $5,995,000 | |
| Listed by John R Wood Properties | |||
| Apr 18, 2025 | No longer available | - | |
| No longer available | |||
Property Highlights
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About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017