In the heart of Old Naples, just three blocks from famed Fifth
Avenue South and a short distance from the beach, this nearly new
residence, constructed by Gulfstream Homes in 2025, captures the
timeless charm of a classic Naples cottage while delivering the
craftsmanship, sophistication and conveniences of a modern luxury
home. Offered beautifully furnished, the residence feels distinctly
at home among the enchanting streets of Olde Naples, with coastal
architecture and thoughtful details creating an elegant sense of
place from the moment you arrive. Inside, every square inch has
been thoughtfully maximized for effortless resort-style living. The
light-filled great room is wrapped in windows and opens seamlessly
to the outdoor living areas, while warm wood flooring, detailed
millwork and a beautifully crafted ceiling bring character and
dimension. At the center of the home, a chef's kitchen pairs
timeless cabinetry with an expansive island, gas cooking and
Thermador appliances. A dedicated coffee bar and impressive
butler's pantry elevate everyday living with an ice maker, second
dishwasher and refrigerated beverage drawers. The adjoining dining
area is designed equally for intimate dinners and lively
gatherings, anchored by a dramatic bar feature wall with a
full-size wine refrigerator and separate beverage refrigerator.
Nearly every main living space is connected visually and physically
to the home's sparkling pool and spa, creating the relaxed
indoor-outdoor lifestyle for which Naples is celebrated. A bright,
inviting sundeck extends along the side of the residence, and a
charming side yard with a turf putting green adds another
unexpected element of recreation. The first-floor primary suite is
a serene, light-filled retreat, beautifully finished with a
luxurious bath featuring a freestanding soaking tub, oversized
shower and generous walk-in closet. Upstairs, guests enjoy an
exceptional level of privacy with two beautifully appointed
en-suite bedrooms, a second primary suite with a spa-inspired bath,
a dedicated den and a charming bunk room with accommodations for
four. A second-floor washer and dryer adds thoughtful convenience
for family and guests. Completing the residence is an oversized
two-car garage with generous ceiling height and room for vehicle
lifts, plus a full-home generator. With its combination of classic
Old Naples architecture, nearly new construction, sophisticated
furnishings and incredible location, this exceptional residence
offers the rare opportunity to enjoy the character of a timeless
coastal cottage without compromising the luxuries of a thoughtfully
designed modern home.
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.
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