715 10TH Street N
About This Property
Built in 1954 and high and dry for over 70 years, the existing residence features a three-bedroom plus den main home along with a separate casita offering an additional bedroom-ideal for guests, multigenerational living, or rental income potential. The corner lot spans over .18 acres, providing valuable frontage and flexibility for renovation, expansion, investment use, or new construction.
Lake Park is a vibrant, family-friendly community anchored by Lake Park Elementary and a collection of popular neighborhood restaurants along 9th Street North. Directly across the street, Lake Park Diner-repeatedly recognized in Gulfshore Life's "Best of" awards-adds to the charm and walkability of this central Naples setting.
Whether you choose to restore the existing home or build your dream residence, this property offers location, lot value, and limitless potential in the heart of Naples.
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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%.
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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 |
|---|---|---|---|
| Feb 13, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 13, 2026 | Listed by John R Wood Properties | $1,250,000 | |
| Listed by John R Wood Properties | |||
| Jan 14, 2026 | Listed by The Agency Naples | $1,250,000 | |
| Listed by The Agency Naples | |||
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Situated on a corner at 10th Street North and 7th Avenue North, this property is located in the tree-lined Lake Park neighborhood and along one of Naples’ most active redevelopment corridors. The existing residence includes a three-bedroom plus den main home, along with a separate casita offering an additional bedroom, allowing for flexible living arrangements or income potential. The house was built in 1954 and has remained high and dry for over 70 years! The home is positioned just ten blocks from the beach, twelve blocks from the world-famous Fifth Avenue South dining, shopping, and entertainment, and only eight blocks from Coastland Center Mall, placing everyday conveniences and lifestyle destinations within easy reach.
The corner lot spans over .18 acres, providing valuable frontage and flexibility for renovation, rental use, or new construction. Its location and lot size make it especially attractive for those looking to capitalize on the ongoing transformation of the surrounding area. Lake Park is a vibrant, family-oriented community anchored by Lake Park Elementary School and an established collection of neighborhood restaurants along 9th Street North. Directly across the street is Lake Park Diner, a repeated winner in The Best of Gulf Shore by Gulf Shore Life Magazine, adding to the walkable appeal of this central Naples setting.
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| Jul 14, 2014 | Sold | ||
| Sold | |||
| Nov 13, 2007 | Listed by Downing Frye Realty Inc. | $299,900 | |
| Listed by Downing Frye Realty Inc. | |||
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GREAT INVESTMENT PROPERTY. SELLER WILL PAY UP TO $10,000 IN BUYERS CLOSING COST AND OR PREPAY'S
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017