The best real estate investment properties in Naples, Florida, are going to be located west of Route 41 (Tamiami Trail) within walking distance to the beach and have no restrictions on rentals. Although we have a few condominium developments with liberal rental policies that make for solid investments, the focus of this blog article is the Naples Park neighborhood.
This community is investor heaven because there is no HOA to control the number of leases, a minimum of how many days in a lease, nor any restrictions for pets. In addition, the unique characteristics of the neighborhood mean a great future for appreciation. The location is within walking and biking distance to both Vanderbilt Beach and Delnor-Wiggins Beach State Park. It is also in the heart of the action for vacationers and locals alike with every convenience, restaurants, cafes, bars, movie theaters, fitness clubs, tennis courts, shopping, Mercato (the center of nightlife in Naples as well as Whole Foods and much, much more), Pavilion (LA Fitness, more restaurants, Naples Cyclery, movies, Royal Scoop Ice Cream and lots more), grocery stores, pickle ball courts, dog park, county library, and the list goes on. Everything you need is at your fingertips.
Naples Park is home to full-time residents, second home homeowners, pure investors, and many people who combine their own family vacations with renting to seasonal vacation tenants to cover their carrying costs and enjoy positive cash flow. The return on your investment as an owner is going depend on your purchase price, carrying costs, how you present the property to get the most rent and when you make the property available for rent. In our area, there is a “high season” most in demand during the winter months with the maximum rental rates and the slower summer months when the rates are adjusted accordingly.
Without any restrictions, Naples Park lends itself to both Airbnb rentals as well as renting on a weekly and monthly basis. Being pet friendly and how you offer the property is going to factor into your gross rental income. There is a very wide range of properties within the community with current asking prices between $600,000 and $4.5M representing older homes in original condition to large new construction with all of the bells and whistles.
There are characteristics in a property which will have value now for a rental, your own enjoyment, and for future appreciation. Everything has a price, but some of these characteristics are location within the community (preference for north or south and 500 / 600 blocks), southern exposure versus northern exposure, some high ceilings, square footage, orientation of the floor plan, one- or two-car garage, swimming pool, adjacent neighbors, number of bedrooms, upgrades, quality of renovations, condition of the roof, age of HVAC and HWH, and landscaping.
It’s a great time to be a buyer in Naples Park because there is a bigger selection at this time with some motivated sellers wanting to make a deal. Prospective tenants are making reservations now to book a month, two or three for next season. Call us at (239) 272-4848 to show you investment opportunities and talk about income expectations.
CLICK ON THIS LINK FOR PROPERTIES CURRENTLY FOR SALE IN NAPLES PARK
Serious buyer? We listen well and will find your own “Piece of Paradise” or investment property at the best negotiated price and terms. We are full-time professional REALTORS® with the ABR® designation (Accredited Buyer Representative) who depend on your referrals and take pride in our work. We have lived and worked through all real estate cycles. Take advantage of our skill and strategy to make you a successful buyer in a challenging market.
Serious seller? We will give you honest advice about current market conditions and pricing. We will aggressively market your home to local, national, and international buyers for the best results and a smooth transaction. Our experience with negotiating, as well as handling multiple offers, will result in the best terms for your own situation.
