Duplex with Lake
New
For Sale
$439,000
14994 Sterling Oaks Dr, Naples, FL 34110
Residential, Duplex, NAPLES, FL
Property Size1,288 SF
Lot Size0.11 Acres
Price / SF$340.84
Days on Market3
Property Features for 14994 Sterling Oaks Dr
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Den, Bedroom 2, Bathroom 1, Bedroom 1
Parking
2
Parking features
Driveway
Window features
Window Coverings
Patio and Porch features
Porch, Patio
Pets allowed
Yes
Interior features
Pantry, Pull Down Stairs, Smoke Detectors, Wired for Sound, Vaulted Ceiling(s), Walk-In Closet(s), Window Coverings
Exterior features
Screened Lanai/Porch
Appliances
Electric Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Freezer, Refrigerator/Icemaker, Self Cleaning Oven, Washer
Subdivision
WILDCAT COVE
Lot features
Across From Waterfront, Across From Waterfront
View
Lake, Water
Standard status
Active
APN
81960001825
Size
1,288 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WILDCAT COVE BLK C LOT 84
Tax Annual Amount
1627
HOA Fee
$7,680 Annually
Legal Description
WILDCAT COVE BLK C LOT 84
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water front features
Lake
Water front
1
Amenities
pool
tennis courts
pickleball
bocce ball
clubhouse
spa
Building Details
Year built
1997
Floors in Building
1
Number of units
2
Flooring type
Tile, Wood
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Additional Structures
Cabana
Listing Agency:
Berkshire Hathaway FL Realty
(239) 659-2400
Listed By:
Laura Goetz
(502) 488-0052
Added: Aug 26
Changed: Aug 27
Last Checked: Aug 28 at 6:06AM
MLS# 226030456
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,288-square-foot duplex residence was built in 1997 and sits on a 0.11-acre lot. The floor plan includes two bedrooms, a den, two bathrooms, vaulted ceilings, a walk-in closet, pantry, and pull-down attic stairs. The kitchen and bathrooms have been updated, with stainless steel appliances including an electric cooktop, dishwasher, microwave, range, and refrigerator/freezer. Wood and tile flooring, central heating and cooling, a screened lanai, porch, patio, and driveway parking complete the property. Concrete block and stucco construction is topped by a shingle roof.
The residence overlooks a lake and is located within Wildcat Cove in Naples. Community amenities include a pool, tennis courts, pickleball, bocce ball, clubhouse, pool and spa, plus seasonal dining and entertainment events. Shopping, restaurants, and the Gulf of Mexico are described as minutes away.
The residence overlooks a lake and is located within Wildcat Cove in Naples. Community amenities include a pool, tennis courts, pickleball, bocce ball, clubhouse, pool and spa, plus seasonal dining and entertainment events. Shopping, restaurants, and the Gulf of Mexico are described as minutes away.
Key Highlights
- 1,288 SF duplex residence on a 0.11‑acre lot
- Two bedrooms plus a den and two bathrooms
- Updated kitchen and bathrooms with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,027
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$380,540
$380.5K
Cap Rate 7%
$271,814
$271.8K
Cap Rate 9%
$211,411
$211.4K
Market Conditions
NOI Build-Up for 1,288 SF
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.
Gross rent
$28.6K $22.20/SF
− Vacancy
−$1.4K −$1.10/SF
EGI
$27.2K $21.10/SF
− OpEx
−$8.2K −$6.33/SF
NOI
$19.0K $14.77/SF
Area
Collier County, FL
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$380,540
Cap Rate 7%
$271,814
Cap Rate 9%
$211,411
Alternative Uses
Best Use
Multifamily LT 5
$271.8K
$237.8K – $317.1K
NOI $19,027 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$249.8K
$218.6K – $291.5K
NOI $17,488 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$516.9K
$452.3K – $603.1K
NOI $36,185 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 34110, FL
24,093
Population
18,394
Households
1.3
Avg Household Size
63
Median Age
52%
College-Educated
96%
High-School Grad
16.0 sq mi
ZIP Area
1,506
Density / Sq Mi
$95,275
Median Household Income
$58,470
Median Earnings
$2,068
Median Rent
$529,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residence with den, screened lanai, driveway parking, and access to community recreation amenities.
Where is this duplex located?
The property is located at 14994 Sterling Oaks Dr Naples, FL.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 1,288 SF duplex residence on a 0.11‑acre lot; Two bedrooms plus a den and two bathrooms; Updated kitchen and bathrooms with stainless steel appliances
