28
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940 10th Street SE
About This Property
Perfect for a future equestrian retreat or custom estate, the property offers ample room to expand with additional stables, guest accommodations, garages, and curated outdoor living spaces. Offering both space and flexibility, yet just a short drive from Naples' world-class dining, shopping, and Gulf beaches, this property delivers a unique blend of privacy, lifestyle, and long-term potential.
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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 24, 2026 | Price Decreased |
$830,000
↓ $95K
(10.3%) | |
| Price Decreased | |||
| May 12, 2026 | Price Decreased |
$925,000
↓ $175K
(15.9%) | |
| Price Decreased | |||
| Apr 14, 2026 | Listed by Serhant-Naples | $1,100,000 | |
| Listed by Serhant-Naples | |||
| May 8, 2025 | No longer available | - | |
| No longer available | |||
| Nov 7, 2024 | Listed by Passkey Realty LLC | $1,180,000 | |
| Listed by Passkey Realty LLC | |||
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This beautiful horse farm is move in ready for you and your horses!! Over 5 acres of grass for turn out and riding and trees for shade you and your horses will love. A 3 stall(12x12) barn with runout paddocks, hay barn and storage shed, carport(20x22) with hay feeder for more shelter and a huge carport(35x53) to store a horse trailer and equipment. All fenced in with gates and at the end of the road for a serene surrounding. If you love riding on the trails then this property is for you!! You have direct access to trails that you can ride all the way to the Kuszlyk Arena. As well as a 10 minute drive to the Picayune Strand State Park for trail riding and some fun cross country jumps. The home has an open concept with a beautiful view of your pool and your horses to enjoy your morning coffee. Huge primary bedroom with walk in closet, updated bathroom and a formal dining room with a wet bar.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017