***Interested in this property or ready to make an offer? Contact us directly at 321-510-8830 for questions, property details, access, or to submit your offer***
Rare investment opportunity in the heart of highly desirable Naples Park, just a few blocks from Vanderbilt Beach and surrounded by million-dollar-plus homes! This amazing investment opportunity features an excellent potential for 100K+ net profit in one of the best neighborhoods in Naples!
The property has been well maintained, with a BRAND NEW 2021 ROOF, 2023 HVAC, and updated kitchen cabinetry and countertops. The interior remains largely dated, presenting an opportunity to modernize the home and capitalize on one of Naples' most desirable coastal neighborhoods.
Property Highlights / Condition
3 Bedrooms / 2 Bathrooms | 1,461 SF Living Area
6,750 SF Lot | CBS Construction
Prime Naples Park location, just blocks from Vanderbilt Beach
In-ground screened swimming pool and backyard entertaining area
Bonus Room - Could be turned into 4th bedroom or game room
Roof: 2021, fully permitted, good condition
HVAC: 2023, excellent condition
Electrical: Original Panel - May need replacement
Plumbing: Good condition - Water Heater will need replacement
Kitchen: Updated cabinetry, countertops and appliances
Renovation: Full cosmetic reno - Kitchen, Flooring, bathrooms, paint, fixtures, landscaping, pool deck & cage improvements and additional cosmetic upgrades
Inspection report available for review
Comparable Sales Supporting Value
542 104th Ave N — SOLD $1,300,000: 3/2, 1,558 SF. Fully renovated luxury property with garage.
778 109th Ave N — SOLD $1,265,000: 3/3, approximately 1,600+ SF. High-end renovation with beautiful pool.
556 96th Ave N — SOLD $1,100,000: 3/2, 1,379 SF.
737 91st Ave N — SOLD $1,000,000: 3/2, 1,566 SF.
664 102nd Ave N — SOLD $940,000: 3/2, 1,422 SF. Excellent comparable in size and location.
CONSERVATIVE ARV: $900K–$950K
The comparable sales demonstrate the significant resale potential in Naples Park, with renovated homes of similar size achieving approximately $940K to $1.3M.
Rather than underwriting the property at the top of the market, we're using a conservative $900K–$950K ARV, accounting for differences in renovations, amenities and the subject's lack of a garage.
Two Potential Renovation Strategies:
Option 1 — Standard High-Quality Flip: Approximately $75K–$100K renovation focused on flooring, bathrooms, finishes, exterior improvements and overall presentation. Target resale: $900K–$950K.
Option 2 — Luxury Renovation: Approximately $150K–$200K+ renovation with higher-end finishes, outdoor upgrades and potential layout improvements. Comparable luxury sales demonstrate upside above $1M, depending on execution.
The Opportunity: Acquire a well-maintained Naples Park pool home with a newer roof and HVAC, renovate to your preferred level, and capitalize on a premium coastal location surrounded by million-dollar properties. A compelling luxury fix-and-flip opportunity with multiple potential exit strategies.
***Interested in this property or ready to make an offer? Contact us directly at 321-510-8830 for questions, property details, access, or to submit your offer***
More About This Property
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Nearby Markets12 cities · 7 counties · 12 ZIP codes
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ARV $900,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $734,000.
