Ideally situated in the heart of downtown Naples, this completely
remastered single-family residence embodies the essence of refined
Florida living. Thoughtfully designed with elevated finishes
throughout, the home welcomes you through a dramatic two-story
foyer highlighted by soaring ceilings, architectural millwork, and
a striking staircase that sets the tone for the interiors beyond.
The flowing floor plan is both spacious and inviting, centered
around a beautifully appointed kitchen featuring an oversized
island and seamless connection to the dining and living areas -
ideal for both everyday living and effortless entertaining.
Pocketing impact glass doors open to the covered lanai with a
summer kitchen, extending the living space outdoors to a generous
lawn perfectly suited for gatherings, pets, and family enjoyment.
The first-floor primary suite offers a private retreat, accompanied
by a dedicated office, while guests are comfortably accommodated
with their own upstairs living area and three ensuite bedrooms.
Just moments from the charm of Olde Naples, residents can spend
evenings strolling to renowned dining, shopping, and the nearby
beaches, enjoying the convenience of downtown living right outside
their door.
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.
Within a short walking distance you can be eating and shopping on both 5th Avenue or 3rd Street. Stroll down to the beach during the day to enjoy the sun or watch the sunset in the evening. This Olde Naples home is in the perfect location to live the lifestyle you have always dreamed of. The manager has listed the unit size as 3741 square feet.
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