$1,075,000
●
House -
Off Market
9940 Vanderbilt Drive
Naples, FL 34108
3 Beds
2 Baths
1,832 Ft²
$7,032
Est. Monthly
10.15%
Cap Rate
About This Property
Seller Motivated – Prime Vanderbilt Drive Location!
Unlock the potential of coastal living at 9940 Vanderbilt Dr., an oversized single-family parcel just blocks from the white sands of Vanderbilt Beach. This exceptional 0.26-acre property offers nearly 70 feet of prime frontage in one of Naples' most sought-after locations-perfect for a luxurious custom build or a stunning renovation.
This 3-bedroom, 2-bath home provides a solid foundation for a renovation, but the excitement also lies in the endless design possibilities with this beautiful double lot. Add a custom pool or realize your new home dream blocks from the Vanderbilt Beach, Ritz Carlton Residents, Ritz Carlton Beach Resort and Mercato. A site study and architectural sketches by MHK Architecture reveal the incredible potential for building a breathtaking new residence on this rare, oversized lot that captures panoramic views of Vanderbilt Bay and out towards the Gulf of Mexico. Imagine relaxing poolside in your expansive backyard oasis, watching the sunset paint the sky over the water. Located directly across from Conners and the Bay, the setting offers privacy, space, and postcard-worthy views.
Enjoy the ultimate Naples lifestyle-just minutes from the new Ritz-Carlton Residences, Ritz-Carlton Beach Resort, LaPlaya, Mercato, and Whole Foods. World-class dining, beach, shopping, entertainment, and boating are at your fingertips.
For the active lifestyle, Pelican Bay Community Park is nearby, featuring 20 pickleball courts, clay tennis courts, and a scenic pavilion. Plus, you'll enjoy quick access to Vanderbilt Beach and Delnor-Wiggins Pass State Park-two of the area's most beloved beach destinations.
Families will appreciate the location within the new, state-of-the-art Aubrey Rogers High School district, adding long-term value to this already desirable address.
Don't miss this rare opportunity to build your dream home or investment property in one of Naples' most prestigious neighborhoods.
Site study available along with some floor plan possibilities by MHK Architectes – inquire today!
Unlock the potential of coastal living at 9940 Vanderbilt Dr., an oversized single-family parcel just blocks from the white sands of Vanderbilt Beach. This exceptional 0.26-acre property offers nearly 70 feet of prime frontage in one of Naples' most sought-after locations-perfect for a luxurious custom build or a stunning renovation.
This 3-bedroom, 2-bath home provides a solid foundation for a renovation, but the excitement also lies in the endless design possibilities with this beautiful double lot. Add a custom pool or realize your new home dream blocks from the Vanderbilt Beach, Ritz Carlton Residents, Ritz Carlton Beach Resort and Mercato. A site study and architectural sketches by MHK Architecture reveal the incredible potential for building a breathtaking new residence on this rare, oversized lot that captures panoramic views of Vanderbilt Bay and out towards the Gulf of Mexico. Imagine relaxing poolside in your expansive backyard oasis, watching the sunset paint the sky over the water. Located directly across from Conners and the Bay, the setting offers privacy, space, and postcard-worthy views.
Enjoy the ultimate Naples lifestyle-just minutes from the new Ritz-Carlton Residences, Ritz-Carlton Beach Resort, LaPlaya, Mercato, and Whole Foods. World-class dining, beach, shopping, entertainment, and boating are at your fingertips.
For the active lifestyle, Pelican Bay Community Park is nearby, featuring 20 pickleball courts, clay tennis courts, and a scenic pavilion. Plus, you'll enjoy quick access to Vanderbilt Beach and Delnor-Wiggins Pass State Park-two of the area's most beloved beach destinations.
Families will appreciate the location within the new, state-of-the-art Aubrey Rogers High School district, adding long-term value to this already desirable address.
Don't miss this rare opportunity to build your dream home or investment property in one of Naples' most prestigious neighborhoods.
Site study available along with some floor plan possibilities by MHK Architectes – inquire today!
Unit Size
1,832 Ft²
Days on Market
140 days
Land Size
0.26 acres
Price per sqft
$764
Property Type
House
Property Taxes
$162
HOA Dues
-
Year Built
1983
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 10 months ago ( #225064848)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 15, 2025 | Sold | ||
| Sold | |||
| Nov 23, 2025 | In contract | - | |
| In contract | |||
| Jul 27, 2025 | Listed by Compass Florida LLC | $1,399,000 | |
| Listed by Compass Florida LLC | |||
| Jul 20, 2025 | No longer available | - | |
| No longer available | |||
| May 20, 2025 | Price Decreased |
$1,399,000
↓ $291K
(17.2%) | |
| Price Decreased | |||
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