Remodeled End Unit in
131 Cypress E Way H, Naples, FL 34110
Remodeled end unit near dining, shopping, and the beach.
Type:Condo/Townhome
Property size:
1,377 SFPrice / SF:
$174/SF- Added:
- Mar 24, 2026
- Days on Market:
- 69
- Last Refresh:
- Apr 6 at 1:09 am
Property Features for 131 Cypress E Way H
General Information
- Standard status
- Active
- Size
- 1,377 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1981
Listing agent Vivian Ferreira License #249515621
Listing office Premiere Plus Realty Company (239) 732-7837
Listing date Mar 24, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Premiere Plus Realty Company
HighLights
- Completely remodeled end unit with 1377 sq. ft. of living space.
- Desirable North Naples location: walking distance to dining and shopping, close to US 41 and Mercato, and a 5‑minute drive to the beach.
- Remodeled kitchen and baths feature quartz countertops, self‑closing cabinetry, and new stainless steel LG appliances (with warranty).
- New A/C system (with a 5‑year warranty).
- Enjoy the oversized screened lanai with views of the community pool and lake.
- Pet‑friendly community with immediate rental availability for new owners.
Overview
This remodeled end unit is located in the Palm River community of North Naples. The property features an open floor plan with 1377 square feet of living space. It includes large, split bedrooms, new tile flooring throughout the unit and lanai, a remodeled kitchen and baths with quartz countertops and self-closing cabinetry, and new stainless steel LG appliances with warranty. Additional features include a new A/C system with a 5-year warranty, new heavy-duty sliding glass doors, new blinds, and new lighting fixtures. The laundry room is located in the residence. The oversized screened lanai offers a view of the community pool and lake. The unit also includes a covered carport, a second assigned parking spot, and an exterior storage closet. The community is pet-friendly, and new owners can rent without a waiting period. The property is within walking distance of dining and shopping, close to US 41 and The Mercato, and a 5-minute drive to the beach.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.9k | $26.04 |
| − Vacancy | −$1.9k | −$1.35 |
| EGI | $34.0k | $24.69 |
| − OpEx | −$15.3k | −$11.11 |
| NOI | $18.7k | $13.58 |
1,377 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$267.1K
$233.7K – $311.6K
NOI $18,696 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$552.7K
$483.6K – $644.8K
NOI $38,686 @ 7.0% cap · market cap 16.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Location Insight
- Map
- Local Demand
- City
- Naples
- County
- Collier
- State
- Florida
- Longitude
- -81.7718798
- Latitude
- 26.2750616
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Remodeled end unit near dining, shopping, and the beach.
Where is this residential income property located?
The property is located at 131 Cypress E Way H Naples, FL.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Completely remodeled end unit with 1377 sq. ft. of living space.; Desirable North Naples location: walking distance to dining and shopping, close to US 41 and Mercato, and a 5‑minute drive to the beach.; Remodeled kitchen and baths feature quartz countertops, self‑closing cabinetry, and new stainless steel LG appliances (with warranty).
