One or more photo(s) has been virtually staged, AI generated or
rendered. Welcome to 770 Park Street, an architectural
masterpiece built by Lotus Builders and designed by MHK
Architecture. Perfectly positioned in one of the most highly sought
after pockets of Olde Naples, this modern coastal retreat sits just
a stone's throw from the world-class dining and designer shopping
of 5th Avenue South, and a short, scenic stroll just six blocks
from Naples' pristine, powder-sand beaches. Exuding sophisticated
elegance, the home opens into a sun-drenched natural light
sanctuary defined by towering 20-foot ceilings and a flawless
open-concept design. Crafted for the culinary enthusiast, the
chef's kitchen serves as the home's centerpiece, boasting a premium
six-burner Wolf gas cooktop with double ovens, Sub-Zero
refrigeration, Ruffino custom wood cabinetry, and a spectacular
oversized entertaining island. The main level is anchored by a
luxurious downstairs primary suite, offering a peaceful escape with
direct views of the stunning outdoor oasis-complete with a custom
flowing water wall, a pristine pool, and a private spa. Ascend the
stairs to find an open-to-below wow factor loft room equipped with
a mini-refrigerator bar area, serving as an additional
entertainment hub for family and guests. The upstairs layout
features three generous en-suite guest bedrooms, each outfitted
with custom California Closets, and a sprawling, west-facing
balcony. Positioned directly in front of a tranquil lake, the
property guarantees backyard tree and hedge privacy while offering
unobstructed, front-row seats to Florida's legendary golden
sunsets. Live the quintessential Naples lifestyle where a vibrant
coastal energy right outside your front door meets an inviting
peace upon entry into this seaside sanctuary. Take in the Olde
Naples neighborhood known for it's golf-cart drivers galore, dog
walkers, tennis across the way, and the walkability to the
unparalleled charm of both 5th Avenue South and 3rd Street South.
Whether envisioned as a full-time residence, a seasonal escape, or
a premier investment opportunity, 770 Park Street represents
Florida's luxury living at its absolute finest.
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.
DO NOT CALL SELLER. ACTIVE PRIVATE PLACEMENT LISTING IS STILL IN PLACE WITH COMPASS! Welcome to 770 Park St., with a superb location just steps from the heart of 5th Avenue South's world-class dining and shopping and 6 blocks to the pristine powder sand beaches of Naples. This polished, upscale property exudes sophisticated elegance with an inviting open feel and ample natural light throughout. This modern coastal gem was thoughtfully designed and built by MHK Architecture and Lotus Builders resulting in a peaceful retreat featuring a master bedroom downstairs facing an impressive outside pool|spa space and custom flowing water wall and a chef's oversized kitchen having a six burner gas Wolf stovetop, double oven, custom stove hood, SubZero refrigerator, large spectacular island and Ruffino custom cabinetry. The top of the stairs draws you into a delightful and fun loft room with a mini refrigerator, great for entertaining with a wow factor open to below showcasing twenty foot high ceilings. Three en-suite bedrooms with walk in built in California Closets finish off the upstairs fabulous layout great for family and guests. A lake sits directly behind the home so nothing will be built behind this residence, guaranteeing fabulous west sunset views daily over The Gulf. Take in these stunning views or sunbathe from the upstairs west facing balcony. Truly an entertainer's dream home awaits the most discerning buyer seeking a full-time residence, seasonal escape, or investment opportunity. 770 Park Street places you close to everything that makes Naples exceptional, while still offering a private residential setting. This is Florida living at its best, step out your front door into a world of Naples coastal lifestyle ease surrounded by bike riders, golf cart drivers and dog walkers galore, with tennis playing across the way, and of coarse the great energy and charm that 5th Avenue South and 3rd Street South always offer!
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