Description

Investors Dream: Prime multi-family lakefront development opportunity in Naples, Florida. This property comprises a total of 1.54 acres with existing zoning potential for 21 units – APARTMENTS OR CONDOS! This is your chance to seize a golden opportunity in one of Naples most sought-after locations, just minutes to 5th Ave shopping and beaches. Nestled on a private road within Kings Lake, this unprecedented opportunity includes 3 parcels of land and 4 townhomes. Apart from the copious amount of undeveloped land, the townhomes present unique building design, with two floors, a private detached garage, a patio, and a private in ground pool. The two middle units feature an upper level balcony and a bonus loft area. The two end units feature a large portrait window and more patio space. All units offer two bedroom and two bathrooms, spacious kitchens, a laundry room, guest parking, open main living area that leads to each private patio. With a strong local rental market and property appreciation this expansive lot offers an unparalleled canvas for expansion and profit.

Provided by Premier Sotheby's Int'l Realty