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Key Details
Sold Price $2,575,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $2,575
Subdivision North Port Cove
MLS Listing ID 218057749
Sold Date 06/11/21
Style Other,Two Story
Bedrooms 2
Full Baths 2
Construction Status Resale
HOA Y/N Yes
Year Built 1978
Annual Tax Amount $2,882
Tax Year 2019
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions See Remarks
Property Description
Unique opportunity for “buy & hold” or immediate redevelopment investment in the heart of the Olde Naples district, bordering Aqualane Shores. Large 100'x151’ lot with existing rental income producing condominium association in an unrivaled location between 5th Ave. and 3rd St. and within walking distance to everything downtown Naples has to offer! A large parcel with 15,100 sq ft that can be redeveloped into 1 or 2 large single family homes, 3 townhomes or 4 condos! This parcel is zoned R3T-12, which allows unique transient rental opportunities for downtown Naples. It can be sold in bulk (100'x151’); or, be re-plat into two separate parcels (50’x151’ each)at ONLY ($260SF)EACH OR sold separately. Current owners have worked with the City of Naples, various architects and contractors in town on all building possibilities. Sample plans, as well as estimated building costs from local top contractors in hand and can be shown to potential serious buyers. PRESENTLY ALL RENTALS UNITS ARE GENERATING ALMOST $68K GROSS YEARLY. REAL AVERAGE VALUE ON MARKET:$2,880,300.
Location
State FL
County Collier
Community Olde Naples
Area Na06 - Olde Naples Area
Rooms
Bedroom Description 2.0
Interior
Interior Features Other, See Remarks
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric, Other
Flooring See Remarks
Furnishings Unfurnished
Fireplace No
Window Features Other,Single Hung
Exterior
Garage None, Attached Carport
Carport Spaces 1
Amenities Available None
Waterfront No
Waterfront Description None
Water Access Desc Public
Roof Type Shingle
Garage No
Private Pool No
Building
Lot Description Rectangular Lot, See Remarks
Faces South
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Other, Two Story
Level or Stories Two
Unit Floor 2
Structure Type See Remarks
Construction Status Resale
Schools
Elementary Schools Lake Park Elementary
Middle Schools Gulfview Middle School
High Schools Naples High School
Others
Pets Allowed No
HOA Fee Include Cable TV,Pest Control,Sewer,See Remarks
Senior Community No
Tax ID 14500080008
Ownership Condo
Security Features None
Acceptable Financing All Financing Considered, Cash, See Remarks
Listing Terms All Financing Considered, Cash, See Remarks
Financing Cash
Pets Description No
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Bought with Paradise Realty of Naples,LLC
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