John Paul Prebish of William Raveis Real Estate offers a unique opportunity to own one of the last development properties in the heart of Old Naples on a significantly oversized property just steps from Naples iconic 5th Avenue shopping district.
NAPLES, FL / ACCESSWIRE / March 23, 2020 / Top luxury agent, John Paul Prebish, lists one of the most unique properties in Old Naples offered for $11,550,000. For generations, acclaimed developers have shaped the streets of Olde Naples into the unique and appealing destination it is today. Nestled just off the Gulf of Mexico, it's not only characterized by perennial sunshine and swaying palm trees, but also by some of the most architecturally rare real estate in the world. Now, the unprecedented opportunity has arrived for a new guard of master craftsmen to make their mark in one of the most highly coveted locations in the USA. Here, where every well-designed avenue leads you to white sands and crystal clear oceans, a desirable property prospect awaits.
For more information on 613 East Lake Drive, please visit: https://jprebish.com/listings/613-east-lake-dr
Perfectly positioned less than one block from the iconic 5th Avenue South dining, shopping and entertainment district, where glamour and laid-back ease co-exist amongst pedestrian-friendly promenades and lush greenery, a sprawling 400-foot-wide lot stands ready and ripe for transformation. Spectacularly oversized and situated in the exclusive heart of Olde Naples, this is the only property of its kind on offer which makes it a rare and enticing real estate opportunity.
Take advantage of the enviable expanses of space, far removed from the restrictive dimensions of an average Old Naples building envelope and create a legacy which will last for decades to come. It's also zoned "R3-12 Multi-Family District" which allows for a mixture of single-family homes and 1-, 2- and 3-story apartments. There are also conditional uses of childcare centers, nursing or rest homes (up to 12 units per net acre), parking lots (non-commercial, with no meters or on-site parking fee collection), and recreation areas or facilities that are part of one of the permitted uses listed in subsections. *
This lot will also benefit from its close proximity to Cambier Park, which sits on over 12 acres in the heart of downtown Naples. It is also central to the vibrant Third Street South sector. Heralded as "the birthplace of Naples" it's showcased by colorful original beach cottages and the houses which epitomize Old Naples architecture.
Famous for its magnificent sunsets, white sand beaches, historic pier and home to over 80 championship golf courses, it simply makes so much sense to invest in this prestigious part of Naples. Priced to sell based on land value only, improvements. and as-is condition; real estate opportunities as exceptional as this are extremely rare.