Furnished Lakefront
New
For Sale
$399,000
2872 W Crown Pointe Blvd, Naples, FL 34112
Residential, 1 Story/Ranch, Duplex, NAPLES, FL
Property Size1,350 SF
Price / SF$295.56
Days on Market6
Property Features for 2872 W Crown Pointe Blvd
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Laundry Room, Bedroom 1, Bedroom 3, Bedroom 2
Parking
2
Parking features
Driveway
Patio and Porch features
Patio
Pets allowed
Yes
Interior features
Cathedral Ceiling(s), Pantry, Pull Down Stairs, Smoke Detectors, Vaulted Ceiling(s), Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Freezer, Refrigerator/Icemaker, Safe, Washer
Subdivision
LAKEPORT VILLAS
Lot features
Zero Lot Line, Zero Lot Line
View
Lake
Elementary school
SHADOWLAWN EMENTARY SCHOOL
Middle school
EAST NAPLES MIDDLE SCHOOL
High school
LELY HIGH SCHOOL
Standard status
Active
APN
53380000340
Size
1,350 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKEPORT VILLAS A CONDOMINIUM PH 9 UNIT 1
Tax Annual Amount
3903
HOA Fee
$9,764 Annually
Legal Description
LAKEPORT VILLAS A CONDOMINIUM PH 9 UNIT 1
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s), Electric
Water front features
Lake
Water front
1
Amenities
community pool
tennis
pickleball
fitness center
sauna
billiards
Building Details
Year built
1992
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Concrete Block, Wood Frame, Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Downing Frye Realty Inc.
(239) 261-2244
Listed By:
Sigrid Morgenstern, LLC
(818) 472-9909
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 23 at 5:06AM
MLS# 226030204
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 1,350-square-foot, ranch-style duplex was built in 1992 and is offered furnished. The residence includes three bedrooms, two bathrooms, a laundry room, tiled flooring, vaulted and cathedral ceilings, a pantry, and walk-in closet space. A third bedroom/den provides adaptable room for guests, office use, media, or a private retreat. The property also features a screened lanai, driveway parking, lake frontage, and a shingle roof installed in 2018.
Set within Crown Pointe, the home overlooks the community’s 37-acre lake, with water activities including kayaking, canoeing, and small electric-powered boats. Community amenities include a pool, tennis, pickleball, fitness center, sauna, billiards, and water aerobics. The property is located minutes from beaches, Olde Naples, dining, shopping, and entertainment.
Set within Crown Pointe, the home overlooks the community’s 37-acre lake, with water activities including kayaking, canoeing, and small electric-powered boats. Community amenities include a pool, tennis, pickleball, fitness center, sauna, billiards, and water aerobics. The property is located minutes from beaches, Olde Naples, dining, shopping, and entertainment.
Key Highlights
- Lakefront setting on Crown Pointe’s 37‑acre community lake
- 1,350 square feet with 3 bedrooms and 2 bathrooms
- Furnished ranch‑style duplex built in 1992
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
$19,943
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
5.00%
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%
$398,860
$398.9K
Cap Rate 7%
$284,900
$284.9K
Cap Rate 9%
$221,589
$221.6K
Market Conditions
NOI Build-Up for 1,350 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
$30.0K $22.20/SF
− Vacancy
−$1.5K −$1.10/SF
EGI
$28.5K $21.10/SF
− OpEx
−$8.5K −$6.33/SF
NOI
$19.9K $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%
$398,860
Cap Rate 7%
$284,900
Cap Rate 9%
$221,589
Alternative Uses
Best Use
Multifamily LT 5
$284.9K
$249.3K – $332.4K
NOI $19,943 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$261.8K
$229.1K – $305.5K
NOI $18,329 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$541.8K
$474.1K – $632.1K
NOI $37,927 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 34112, FL
26,625
Population
20,626
Households
1.3
Avg Household Size
60
Median Age
35%
College-Educated
91%
High-School Grad
14.8 sq mi
ZIP Area
1,799
Density / Sq Mi
$68,838
Median Household Income
$34,300
Median Earnings
$1,529
Median Rent
$293,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style residence includes a flexible third bedroom/den and access to Crown Pointe community amenities.
Where is this duplex located?
The property is located at 2872 W Crown Pointe Blvd Naples, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Lakefront setting on Crown Pointe’s 37‑acre community lake; 1,350 square feet with 3 bedrooms and 2 bathrooms; Furnished ranch‑style duplex built in 1992
