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723 Park Avenue
About This Property
Outdoor living truly shines here. A private screened pool and spa create a relaxing backyard oasis, while the fully fenced yard and gated side access allow room for boat or RV parking. The generous lot size also offers future flexibility, including zoning that allows for duplex use. Just moments from Cocohatchee River boat ramps with quick access to the Gulf through Wiggins Pass, this location is a dream for boating and fishing enthusiasts. Enjoy the convenience of nearby beaches, dining, shopping, and entertainment, all while living in a quiet, established community with a laid-back coastal feel. A rare opportunity to own a move-in-ready home with location, lifestyle, and long-term potential in one of Naples' most desirable areas.
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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 |
|---|---|---|---|
| Jun 11, 2026 | No longer available | - | |
| No longer available | |||
| Jan 29, 2026 | Listed by I. Wright Real Estate | $749,900 | |
| Listed by I. Wright Real Estate | |||
| Aug 17, 2023 | No longer available | - | |
| No longer available | |||
| Aug 17, 2023 | Sold | ||
| Sold | |||
| Jul 11, 2023 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017