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Lisa Tomaini Realty Acquires 0.25 Acre Land In Naples For $5.7M

Property Image
SOLD
$5,700,000
Lisa Morris Tomaini
Rick Spackman

Florida

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Land
Sold 08/18/2023
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Property Image
SOLD

Lisa Tomaini Realty Acquires 0.25 Acre Land In Naples For $5.7M

2025 5th St S Naples, FL 34102, USA

See Similar Deals
Land
Sold 08/18/2023
Lisa Morris Tomaini
Rick Spackman
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

A vacant lot in Naples' Aqualane Shores community, located at 2025 5th St S, has sold for $5,700,000. The prime location offers the chance to build a custom home on Heron Cove with direct access to Naples Bay and the Gulf of Mexico, surrounded by luxurious amenities.

Summary of transation details

The buyer's representative, Lisa Morris Tomaini of Lisa Tomaini Realty, facilitated the purchase of this desirable vacant lot. The seller's representative in this transaction was Rick Spackman of John R Wood Properties.

Players

Lisa Morris Tomaini
Lisa Tomaini Realty
Lisa Morris Tomaini
1 deal$5.7M volume(239) 977-8352
BROKER
Rick Spackman
John R Wood Properties
Rick Spackman
1 deal$5.7M volume(239) 276-8109
BROKER

Details

SOLD
IMAGE: Lisa Morris Tomain & Rick Spackman DATE: 08/18/2023 ADDRESS: 2025 5th Street South MARKET: Naples ASSET TYPE: Land ~ ACRES: 0.25 BUYER'S REP: Lisa Morris Tomaini - Lisa Tomaini Realty SELLER'S REP: Rick Spackman (@SpackmanRick) - John R Wood Properties (@JohnRWoodProperties) SALE PRICE: $5,700,000 NOTE: A vacant lot in Naples' Aqualane Shores community, located at 2025 5th St S, has sold for $5,700,000. The prime location offers the chance to build a custom home on Heron Cove with direct access to Naples Bay and the Gulf of Mexico, surrounded by luxurious amenities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$304,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90