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Listed price in listed location currency (USD).
$1,725,000

550

MLS® 224054965

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 5404 sqft
Garage Yes
Taxes $12,765
Days Active 620
Lot Size 0.77 acres
Approx. Age 1999
Avg. Price Per Sqft $319
MLS® Number 224054965

Property Address: 10919 Parnu St, NAPLES, FL, 34109-1403

Average square foot calculated using Size range provided by listing agent.

Description

This lakefront Naples property presents a rare value-add investment opportunity with fundamentals that are increasingly difficult to replicate. The main residence offers a highly desirable layout that buyers consistently praise for flow, livability, and indoor-outdoor connection. The opportunity lies not in reconfiguration, but in cosmetic modernization. In addition to the primary home, the property includes a separate garage structure with two independent rental living spaces, creating multiple income streams under one ownership. This feature alone sets the property apart from nearby comparables and significantly enhances long-term return potential. Positioned directly on the lake, the home offers a premium location advantage over neighboring properties that lack waterfront exposure. With an estimated $150, 000 cosmetic renovation, this property can be re-positioned to compete at — or above — the current neighborhood ceiling while offering stronger income fundamentals. Renovation scope is straightforward and high-impact, with no structural changes and roof replaced last year. Ideal for investors, renovators, or buyers seeking a below-market entry into lakefront Naples with built-in income potential. Location & Lifestyle Set in a quiet neighborhood, this estate is ideally located: – 3 miles to the beach – Minutes to Mercato dining and shopping – Sidewalk access to Veterans Community Park with tennis, fields, and playgrounds – Zoned to a top-rated (9/10) public school district This property has never experienced flooding or storm damage, offering rare peace of mind. The large .77-acre lot ensures privacy and space, with no zero lot lines—just serene lakefront living.
MLS® Number224054965
Laundry LevelInside, Laundry Tub
Central VacNo
FireplaceNo
Acreage0.77
Exterior
GarageYes
Approx. Age1999
Basement
DrivewayAttached, Circular Driveway, Driveway, Garage, Guest, Paved, Garage Door Opener
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 27, 2024List Date
$1,725,000List Price
  • Commute

Commute

Starting Address
Destination Address
10919 Parnu St, NAPLES, FL

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