$1,400,000

Estimated payment $8,174/month

Total Views 878
1.73 Acres
$809,249 Price per Acre
75,359 Sq Ft Lot

Highlights

  • View of Trees or Woods
  • 1.73 Acre Lot
  • Oversized Lot
  • Waterfront
  • Canal Access
  • Cul-De-Sac

About This Lot

One or more photo(s) has been virtually staged, AI generated or rendered. MULTIFAMILY DEVELOPMENT OPPORTUNITY | RMF-6 ZONING | 1.73 ACRES 5202 Cypress Lane, Naples, FL Strategic opportunity to acquire or partner in a multifamily development project within one of Naples’ strongest growth corridors. Zoned RMF-6, this 1.73 -acre site supports low-density multifamily development, with a planned concept for five modern, two-story residential buildings. The project is conceptually designed, featuring contemporary architecture with clean lines, flat roof profiles, expansive windows, and integrated garage elements, aligning with current rental and resale demand. Preliminary design work is complete, allowing a developer or investor to enter the project with forward momentum. Investment Structure Flexibility: * Joint venture opportunity – current partners are open to aligning with a capital partner to advance the project.
* Acquire and develop independently, utilizing the existing concept and groundwork.
* Reposition or redesign to maximize density, layout, or end-use strategy. This presents an opportunity to enter at the early stage of a planned development, where strategic capital and execution can unlock significant value through construction, lease-up, or resale. The existing groundwork offers accelerated timelines and reduced upfront planning risk. Location Advantages: Well-positioned within Naples, offering proximity to: * Downtown Naples (5th Avenue South & 3rd Street South)
* Gulf beaches and lifestyle amenities
* Major roadways supporting commuter and tenant accessibility
* Expanding residential areas are driving sustained housing demand Strong market fundamentals support multifamily absorption, rental growth, and long-term appreciation, making this a compelling opportunity for developers, builders, and investment groups seeking scalable returns in a supply-constrained market.

Listing Agent

DJ Henderson

Waterfront Realty Group Inc License #249522922 Listed on: 06/26/2026

Waterfront Realty Group Inc

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,566

Lot Details

  • 1.73 Acre Lot
  • Waterfront
  • Cul-De-Sac
  • Northeast Facing Home
  • Southwest Facing Home
  • Oversized Lot
  • Property is zoned RMF-6

Property Views

  • Woods
  • Canal

Utilities

  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 1 / C
  • Assessor Parcel Number 60782320006

Community Details

Overview

  • Myrtle Cove Acres Subdivision

Recreation

  • Canal Access

Property Details

Property Type

Land

Est. Annual Taxes

$5,566

Lot Details

1.73 Acres

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 1.73
  • Road Surface Type: Paved
  • Subdivision Name: MYRTLE COVE ACRES
  • Property Sub Type Additional: Residential,Unimproved Land
  • Exposures: Southwest
  • Special Features: None

Exterior Features

  • Lot Features: Cul-De-Sac, Oversized Lot
  • View: Canal, Trees/Woods, Water
  • View: Yes
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Direction Faces: Northeast

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Trash Collection, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No

Fee Information

  • Association Fee Includes: None

Lot Info

  • Current Use: Multi-Family
  • Parcel #: 60782320006
  • Zoning Description: RMF-6

Tax Info

  • Tax Annual Amount: 5565.68
  • Tax Block: C
  • Tax Lot: 1
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,566 $459,864
2024 $4,923 $418,058 $361,879 $56,179
2023 $4,923 $453,278 $393,347 $59,931
2022 $2,739 $153,600 $0 $0
2021 $2,082 $139,636 $0 $0
2020 $1,954 $126,942 $0 $0
2019 $1,869 $115,402 $0 $0
2018 $1,812 $104,911 $0 $0
2017 $1,843 $95,374 $0 $0
2016 $1,530 $86,704 $0 $0
2015 $1,415 $78,822 $0 $0
2014 $1,029 $71,656 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2026 06/26/26 For Sale $1,400,000 +159.3% --
01/04/2023 01/04/23 Sold $540,000 -9.8% $540 / Sq Ft View Prior Sale
11/02/2022 11/02/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $599,000 -- $599 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $540,000 --
Quit Claim Deed $148,125 Nations Title Agcy Fl
Quit Claim Deed -- Attorney
Warranty Deed $455,000 Action Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $378,000 New Conventional
Previous Owner $210,000 Future Advance Clause Open End Mortgage
Previous Owner $296,250 Purchase Money Mortgage
Previous Owner $1,000 Purchase Money Mortgage
Previous Owner $60,000 Credit Line Revolving
Previous Owner $85,000 New Conventional
Source: Public Records

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 226017782

Florida Gulf Coast Multiple Listing Service

APN: 60782320006

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